What Kind Of Employee Awards Are There?

What is the most expensive award in the world?

The Mo Ibrahim Prize for Achievement in African Leadership, awarded by the telecom entrepreneur’s London-based foundation, pays recipients $5 million over 10 years and $200,000 per year afterward.

Winners also have the chance to bank an extra $200,000 for 10 years if they support good causes, AFP reported..

What kind of awards can be given to employees?

List of 15 Employee Recognition Award IdeasEmployee of the Month Awards.Work Anniversary Awards.Department MVP Awards.Teamwork Awards.Sales Awards.Employees’ Choice Awards.Most Creative Awards.Safety Awards.More items…

What are some examples of recognition based awards?

Examples of performance-based award titles:The Employee of the Month. … Stand out Performer. … Go That Extra Mile. … Most Improved Performer. … Best Customer Centricity. … The Eccentric Performer.The Star Employee.Achiever of the Month.More items…•

How do I get the best employee award?

6 Tips to Creating the Best Employee Recognition ProgramsTip #1 – Make sure your employee recognition programs have clearly defined criteria. … Tips #2- The programs should be consistent with the organization’s values. … Tip #3 – Use it to encourage desired behaviors. … Tip #4 – The best employee recognition programs deliver on their promise, every time! … Tip #5 – Know your employees.More items…

What is the hardest award to win?

the Stanley CupOne of the oldest and most iconic trophies in professional sports, the Stanley Cup is widely considered the most difficult to win.

Which is biggest award in world?

The Nobel PrizeThe Nobel Prize is widely considered the world’s most prestigious award. It is awarded for achievements in physics, chemistry, physiology or medicine, literature, peace and economics.

What are good employee appreciation gifts?

10 Employee Appreciation Gift Ideas:Bags & Totes. A functional gift that shows your appreciation and is used practically daily. … Drinkware & Bottles. … Stress Relievers & Games. … Gift Sets. … Personalized Gifts. … Tech Accessories. … Pens & Pen Sets. … Journals & Notebooks.More items…

What are types of awards?

Here are 10 awards from outside the world of sports that are famous not just for their physical design but also for their influential power.The Nobel Prize. … The Booker Prize. … The Academy Awards. … The BAFTA Awards. … The Palme d’Or. … The Pulitzer Prize. … The Golden Globes. … The BRIT Awards.More items…

What are performance awards?

A. A performance award is a grant of company shares or units in which the recipient’s rights in the shares or units are contingent on the achievement of pre-established performance goals, and restricted until the end of a set performance period.

How do you recognize employees for good work?

Here are 8 small but powerful ways to recognize employees who are doing a great job.Give Shout-Outs. … Offer fun projects or professional/personal development opportunities. … Take them to lunch. … Distribute non-cash rewards. … Loosen the reins. … Throw a competition, party, or potluck. … Encourage peer-to-peer recognition.More items…

What are the best employee recognition programs?

Some of the best employee recognition programs, like Bonusly, allow meaningful praise from peers in the form of small bonuses.

How do you show your employees you appreciate them?

We also rounded up a few of the best tips for employee appreciation from top HR blogs.Use a corporate gamification system. … Let employees give and receive ‘props.’ … Feed them. … Express your gratitude on social media. … Connect rewards to your company. … Delegate a team award. … Offer fitness opportunities.More items…•