Here are a few of the differing types of employee recognition awards to consider. Any of them are a great benefit to employee loyalty and retention.

This kind of employee recognition is usually organized in advance and usually happens frequently. The frequency can be every week, month or quarterly. It also tends not to be of a formal nature. The popular types of planned employee recognition awards are employee of the month, employee of the quarter, customer service, notable achievements, top producer, and sales.

These types of employee recognition awards are usually handed out to a group that has performed at a high level and whose efforts have resulted in the company’s overall growth and profitability. They may also be given to a team that has work on and completed a special project in a timely manner and which has ended in great results for the company. They are therefore good at letting people know that when the complete their tasks in a timely manner and with a high level of quality they will likely receive a reward. Unplanned awards can also be used to raise the esteem and confidence levels of employees and to keep them striving for their best.

This kind of recognition is extremely effective and focuses on acknowledging an employee’s work ethics and behavior in displaying the general ideals held by the company and in successfully attaining it targets. The organization give an employee an award which recognizes their exemplary work, support, project success, or just to say how indebted the organization is to the employee.

Formal employee recognition usually occurs as an annual event. It is normally a glamorous affair with all the trapping of an important ceremony. This event usually focuses on the overall accomplishments of the employees. Most employees will usually work hard to be recognized at these annual events.