What are Awards and Prizes? | Meaning & Definition | Akrivia HCM

Rewards and recognition programs ensure that the people who help keep your business going are happy and engaged. Your employees are your most valuable resource. And with the right rewards and recognition program, they can be even more valuable. The best programs recognize and reward both individual and team performance, so everyone works hard towards the same goal.  

Give your employees awards and prizes to recognize achievement, incentivize behavior, and drive performance. Employee recognition awards can motivate your staff, improve their work experience, and build a culture of engagement.   

With a strategy centered around employee recognition, studies have shown you can expect to see a growth in quality, a decrease in absenteeism, and a reduction in turnover.  

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