In difficult situations, when companies are in crisis and can only be saved by major effort, group morale often rises to far higher levels than before. Individual objections and objectives are bypassed in the collective drive to do what must be done. This is where recognition awards take its importance. High group morale can enrich individual motivation and performance remarkably!
I. Planned Awards:
1. Recognition Awards
On its basic concept, recognition awards are effective ways of increasing and boosting a persons morale. It encourages them to accept of and have a desire for change at all times. The change they will make is not entirely for the advantage of the company but to his or her own personal achievement as well. Basically, the common recognition awards given to an employee are based on the three categories of recognition. These can be planned, immediate, or formal. If a recognition award is set on a formal approach, the award should focus more on the employees exceptional contribution to the organization for a given year. Some of the examples of formal recognition awards are:
2. Employee Service Award
This may refer to the...
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