Reasons for Giving Employee Awards

Principle objective of this article is to describe Reasons for Giving Employee Awards. Employees interact to receiving recognition more than financial incentives and pay increases. Since any boost in wages or maybe salaries has invisible costs like higher taxes that can be a drag on the bottom line, a relatively inexpensive award plaque, trophy or medal provides considerably more bang for the particular buck. Giving employee awards is more cost-effective than increasing wages or benefits. There are lots of creative ways to offer employee awards, and in just about all cases it is much cheaper than monetary compensation to produce a similar result.