Employee recognition has been around for a long time. We have all signed cards that circulate around the office for birthdays or service anniversaries every so often, and we all understand the power of a simple “thank you.” That kind of recognition is valuable, needed, and good, but recognition is much more than just a carrot to dangle in front of employees—it is the engine that drives engagement. This engine of rewards and recognition has the power to drive results in every facet of your organization from sales productivity right down to the resiliency of individual employees. (And if we are being honest, resiliency to changing dynamics is something that we all need in 2020, right?)
The impact of value-driven recognition is vast, and is much more than just a carrot to dangle in front of your employees. Value-driven recognition encourages your employees to live and celebrate your company values in all aspects of their work. Employees that are recognized in valuable, appropriate, and timely ways are more productive and loyal, and share the benefits with those around them. Value-driven recognition is the difference between a horse-drawn carriage and a finely-tuned engagement race car.
Join Awardco’s CEO Steve Sonnenberg as he dives deep into the many facets of employee recognition, including how to build the foundation of rewarding recognition, the psychology behind rewards and engagement, the key role of recognition in remote work, best practices of recognizing your employees, and the impact of value-driven recognition on your company’s bottom line.
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Awardco’s founder and CEO, Steve Sonnenberg, learned a great deal from his father’s lifelong career helping McDonald’s build a strong employee recognition program. Steve even daydreamed about making a difference in the same industry one day. Those dreams pushed him to pursue an education in computer science and were never far from his thoughts as he developed software for several different companies early in his career.
In 2011, Steve recognized the critical need for new, innovative technology in the recognition industry, so he gave his cousin Mike a call. They set to work developing a platform to solve the pitfalls in the employee recognition industry: burdensome recognition processes, exorbitant markups on redemptions, and limited redemption options. After four long years of trial, error, and testing, our team officially took Awardco out of beta in 2015 and started solving employee recognition problems for an industry in serious need of improvement.
Steve’s vision resonated deeply within an industry in desperate need of change. Awardco has grown over 7,000% since 2015 as more and more clients have experienced a better way to recognize. It’s been particularly gratifying for Steve to see Awardco go from promising startup to a recognition industry disrupter, most recently landing at #25 on Inc. 5000’s 2019 List of America’s Fastest-Growing Private Companies.