The simple truth is that it’s human nature for people to enjoy being formally recognized for achievement. That’s why award programs for excellence, especially in the business world, can be a powerful motivator for employees and, consequently, stimulate the economy.
Why Awards Work
When individuals are recognized in front of their peers for doing well, it can motivate them to continue going above and beyond. For centuries, soldiers have literally risked their lives in order to earn medals. The same principle stands in the business world, and giving awards often is more of a motivating factor than giving monetary bonuses. It’s also cheaper.
Of course, business awards in London have to be given the right way. They have to truly represent excellence and not just be handed out to those who haven’t earned them.
Not only do people long to be recognized for excellence as individuals, they long to be part of an organization that stands out in the right way. Consider that star professional athletes earning great pay on mediocre team rosters are often willing to take a pay cut to play with organizations more likely to make it all the way to a championship.
There is no better time than today to recognize business excellence in the United Kingdom. The pandemic is ending, and it’s time to kick-start the nation’s economic engine, and awards will help do just that. To learn more about an organization that is giving business awards in London, check out the website of the British Business Excellence Awards at www.britishbusinessexcellenceawards.co.uk.
