Employees are a key asset in any business but can also become a major pain point if not managed well. The process of onboarding new employees is both a time-consuming and expensive affair, which is why getting it right from the get-go is so important.
Businesses have realized this and have found ways to get it right when it comes to hiring the right talent. However, the same cannot be said about retaining talent.
Oftentimes, businesses suffer avoidable losses due to a high turnover of talent, keeping them in a circle of recruiting and training new employees. The biggest contributing factor to the poor retention rates is undoubtedly motivation and morale.
How appreciated the efforts of your employees are is a key question that every business should aim to answer. Among the various ways that you can choose to motivate your employees is through the use of patent plaques.
Patent plaques are customizable awards often awarded publicly to give the awardee a sense of pride and accomplishment. They often include a brief explanation of the invention, a letter acknowledging the patent, and the date at which it was issued.
Simply put, a patent plaque is an award of achievement that employees can display and appreciate. Visit the site to order a custom patent plaque for your employee. Here’s a more detailed breakdown of how patent plaques can help boost employee morale.
1. Recognize Their Hard Work and Effort
You may be surprised by the number of employees whose biggest complaint is that they never get a nod of approval or even a thank you from their superior for the good work they do. It is a simple gesture that is unfortunately often overlooked.
For a business owner looking to motivate their teams, you must try to offer continuous feedback and a pat on the back once in a while. Creating a culture that incorporates awarding hard work and effort by offering customized patent plaques is a sure way of boosting employee motivation.
2. Foster Healthy and Friendly Competition
While it is a fact that every employee’s goal is to contribute the best they can to the team’s efforts, more often than not, the fire dwindles down since there are no clear ways to reward this effort.
As such, you should give employees with patent plaques to keep the fire burning. This way, you can be sure that the team members put forth their best effort, pushing the results of the entire team to new peaks and creating a friendly competitive culture to achieve great results.
3. Create a Culture of Teamwork and Cooperation
In most businesses, credit often goes to the leader, bypassing the team members who are in fact more often than not the biggest contributors to the success. Awarding team members allows for a shared sense of pride fostering more cooperation between the leaders and the members which in turn translates to a better-driven team.
Leverage Patent Plaques to Motivate Your Employees
Most employee challenges are unique to the industry and mini-sectors, requiring businesses to find specific innovative solutions to handle them. But one of the shared challenges amongst business owners is employee motivation.
Never before in the world of business have employees been more aware and vocal about their needs and expectations. As such, businesses should take a proactive approach by providing patent plaques to motivate their employees if they want to ensure continual growth and productivity.
Remember, a motivated team is a resource that cannot be overstated. Not only does it ensure that you are saving money and time by ensuring a high retention rate, but it also keeps productivity at optimum, positively growing your bottom line.