Why Company Awards are Important

Why Company Awards are ImportantAugust 15, 2019

Receiving trophies in the Philippines or anywhere in the world is a huge ego boost for anyone, most especially to companies! Aside from being physical representations of recognition for efforts and achievements, awards also bring significant benefits to the recipients. 

They are more than just a pat on the back. Having company awards are also highly effective in making your company stand out, especially from today’s increasingly crowded and competitive global marketplace! Here is a closer look at why company awards are important.

Boost employee morale

Awards in general are quick ego boosters, more especially if they are coming from a trustworthy third-party or outside organization. Receiving an award can easily make your employees feel appreciated for their hard work and can also motivate them to do even better. Moreover, it can also improve teamwork among departments, as well as create a livelier atmosphere in the office.

Improve credibility

Whether you receive actual awards or are simply included in the official lists of top companies in your field, you have already improved your credibility to your employees, clients, and partners. 

Being an award-winning company, it would be easier to encourage prospective clients to avail of your services or support your products. Moreover, it can also open more doors for business-to-business opportunities.

Attract and retain talents

Without a doubt, employee retention is higher in award-winning companies compared to those who are not. This is because mentioning the company on their resumes not only raises their image, but can also boost their careers. 

Having awards is also highly beneficial to companies since they can easily make the company look more attractive to aspiring applicants.

Increase visibility

Last but not the least, award-giving bodies are basically giving companies free promotion by announcing their names on their platforms. Moreover, receiving awards is a great reason to put out articles and get your company name out in the marketplace.

Company awards mainly represent recognition, but they also serve more important purposes. Continue doing your best and get your company the trophy it deserves!

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