Recognition culture: Benefits of recognizing employees

 Employee recognition is one of the few ways a company can show employees their value. Recognition can come in many forms; a pat on the back, a sincere email thanking an entire division, your boss treating everyone on the team to dinner, a cash bonus for sales personnel of the year, a lifetime achievement award after 30 years of service in the company, and so on. If you are an entrepreneur who is handling employees for the first time, business expert Ram Chary Everi suggests you learn the benefits of recognizing employees and how to use them to your advantage.

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One benefit of rewarding employees is that it can raise the general productivity of entire departments. Likewise, individual recognition can breed competition among colleagues, but the results would be the same. Not only does it motivate employees to do better, but it also shows that the company rewards hard work. You could expect a better performance that exceeds the cash equivalent of your designated prize by several folds.

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Sometimes, recognizing an employee for the poor example they have shown is necessary. If an employee lashes out on a customer to express their prejudices, the company must recognize the person involved and their action to make an example out of them. By doing so, the company distances itself from the act done against the customer and tells everyone that what has been done will not go unpunished. According to Ram Chary Everi, this helps keep the company’s image clean and lessens unwanted workplace situations.

Ram Chary Everi held diverse positions in several companies. He served as president and CEO of Multimedia Games Holding Company, Inc., executive vice president of Global Commercial Services, and head of the technology division at Fidelity National Information Services, Inc. For more insightful reads on company leadership, visit this website.