There is compelling evidence to support the idea that rewarding employees at work increases engagement because it raises output, employee self-esteem, and personal competence.
In a thought-provoking session at TEDxBellevue, Mike Robbins explains that employee satisfaction is influenced by recognition, not just on its own but also as a component of a company-caring culture that values and appreciates people beyond their achievements.
There is no perfect recipe for creating a great workplace in today’s rapidly changing business environment. When asked, “What makes your workplace great?” Most people will typically respond with “high pay, good health benefits, vacation time, and other office perks like gym access, free lunch, and free snacks.”
However, in terms of workplace perks and benefits, employees today consider many of those things to be the absolute minimum. Companies that have mastered their corporate cultures are aware of the importance of searching for deeper responses to this query, such as “feeling valued,” “a sense of community,” “employee well-being,” and “opportunities to grow.”
Employee recognition is the collective term for all the ways a company expresses gratitude for the contributions of its staff. It can take many forms and may or may not involve monetary compensation. Employers give their staff members awards based on things like accomplishments, longevity, ethics, and input.
A recognition culture in the workplace is a key factor in engaging and motivating employees while also fostering trust and security. There is a significant correlation between employee recognition and employee engagement. Recognition boosts employee engagement and contributes to mental well-being.
MTN Nigeria recently held its Annual Sales Conference, which began on February 14, 2023, with a forum and ended on February 16, 2023, with an award ceremony in keeping with its tradition of honouring long-standing partnerships. MTN’s business partners from all over Nigeria and top company executives attended the award ceremony, which was held at the Lagos Continental Hotel in Victoria Island.
Every year, the leading ICT company holds a sales conference to honour business partners who supported the brand the previous year and to lay out plans for the coming one. The glamorous event was attended by MTN’s business partners from across Nigeria as well as top executives of the company.
The criteria for recognition are in line with the techco’s mission, brand, and culture and reflect its aspirational identity to motivate others.
As a business owner or manager, it’s vital to make sure your employees feel properly recognized for all the hard work they do day in and day out. When employees realise that completing a task requires more than just giving them a pat on the back, they are frequently motivated to work harder, especially if there are incentives involved.
Recognition is important because it meets a core human need for both the employee and the company. Satisfying this need is a crucial element of a strong company culture, and MTN Nigeria is committed to making sure that all of its trading partners have the support they require to reach their individual and organisational goals.