How do you run a company for about twenty years without having even a single anniversary event? Well, celebrating with family is one thing, but what about your employees? Remember, employees, are the next important people in any company or entity, after the clients and customers. You, therefore, need to treat employees well and make them feel that they are valuable, indispensable and appreciated for the hard work they post. That way, it will be possible to retain customers for the longest time possible and realize supernormal profits.
Reading resourceful pieces like Viktor article teaches business owners that anniversaries should not just be held for the sake of it. They must be great and purposeful. So, what are some of the benefits of celebrating work anniversaries? Well, they include but aren’t limited to the following.
The main reason why you may decide to recognize an employee in front of his colleagues is to either motivate or appreciate a well-done job. Well, the only way to make that achievable and realistic among all employees is by making it a culture. For instance, if you don’t have yearly anniversaries, then a five-year plan can be a good one. It can also be perfect timing for promotions. Remember, workers will always give it their all knowing that there is a possible promotion to a better pay grade in the next five years.
Everyone is endowed differently. Not everyone is always ready to show their exemplary skills unless given a reason to do so. Work anniversaries will not only help you reward the best performing talents but also discover indispensable services. It is during work anniversaries that you get to discover the newest breed of exceptional marketers and make better use of them. As a boss, you don’t mostly interact with most employees at a personal level, and so you come to learn most things about them in events such as work anniversaries.
Research shows that awarding employees in wok anniversaries help in combating turnover and increase employee retention rates. The competition for top market skills is high, and if your best employee doesn’t see his valuable work appreciated, he/she may choose to go somewhere else. Some gift ideas may include personalized mugs, customized watches, or even home appliances. However, the best reward ever can be a deserving promotion or pay increase.
If you want to increase sales, then you must equally have higher customer retention skills. One of the skills of retaining customers is ensuring employee satisfaction. Employee satisfaction in that the workers feel valued, and consequently, there is late absenteeism, fewer quality defects, and higher productivity levels. Such benefits of recognizing employees will make the same customer come back tomorrow hence more sales.
Lastly, you will get unmatched loyalty from your employees for doing something right. It isn’t only good but also a reasonable thing to do. Your employees are also beings with ambitions like you. The same way you want to scale higher is the same way they want to bag the best professional awards. Make that dream a reality for them.
If you are interested in even more business-related articles and information from us here at Bit Rebels, then we have a lot to choose from.
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