Benefits Of Rewarding Your Staff With Company Events
Company events are a great way to show you value your employees, as well as increasing productivity and improve your working environment. They can be used for any sized business and can take on many forms.
A study by socialcast showed that 69% of employees would work harder if they felt their efforts were better appreciated.
Regular, smaller incentives, such as giving out gifts to employees who have performed particularly well in certain departments, are a great way to boost morale. These incentives are a cost-effective way to help improve productivity in the workplace and provides a fun competition between employees.
50% of employees believe being thanked by managers not only improved their relationship but also built more trust. Incentives have shown to promote teamwork and will encourage employees to work harder. Employees who feel appreciated are less likely to look for other employment and will have a better understanding of what the company wants from them.
However, it can provide a negative impact, as employees who don’t win risk feeling left out and may not put as much effort into their work. To prevent this, make sure your company events provide an equal opportunity for all employees, so everybody has a chance at reward. Rewarding the work of all staff is important to keep a boost in morale and a show of appreciation to all staff for their contribution to the successes of the business.
Company events, such as a summer party or end of year awards ceremony are excellent ways to bring the whole team together and celebrate the achievements of all.
If you are planning a large business event, it is important to remember your branding. Using printed decorations and features at your event will help to make it more personal and ensures that any images of the event are promoting your brand.
There are many other types of incentives to have in your company including giving out promotional gifts, bonuses at the end of the month and extra holidays.
If you are hosting an event for your staff, talk to our experienced Account Managers about the ideal printed products for you, call 0116 366 0052.