How to Increase the Impact of Your Formal Award Programs

What impact are your formal recognition programs having on your people and their performance? Are you designing your best-of-the-best and above-and-beyond award programs to make a difference?

According to the World at Work 2017 Trends in Employee Recognition Survey, 77% of organizations have above-and-beyond performance programs, and only 17% of them have what they termed as formal programs. They did not delineate or define well what they meant by formal recognition.

The Conference Board of Canada in their 2017 report on recognition found that 50% of corporations have formal company-wide recognition programs in place. Organizations that have these programs recognize outstanding individual achievement as their main purpose and organize large-scale celebration events to accompany these awards.

But neither study pursued whether these formal award programs had achieved their objectives or if they considered the award programs effective or not.

Look at the following seven ideas for building greater impact into your existing formal award programs.

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The Importance of Being Nominated For An Award

Having read and watched the media reports from the 90th Academy of Motion Picture Arts and Sciences, Oscars Awards, it reminded me that being nominated for an award is a pretty big deal.

You may know the Academy is an invitation-only membership of directors and actors. These two groups of 7,258 voting members are the ones who vote and decide upon the winners from their respective branches.

Being nominated by one’s peers means a lot to those who are nominated.

What can we learn from this annual Oscars award event about the importance of being nominated for an award? (more…)

Being Nominated for an Oscar Award is a Really B-I-G Deal

Check out the importance of the nominators behind this prestigious award

Oscar - trofeo dorato

It is a surreal, exhilarating and giggly experience for actors, directors, producers and other movie contributors when they are nominated for an Oscar.

Brie Larson who starred in the movie “Room”, told Good Morning America, “The nominations mean so much because it comes from your peers, it comes from fellow actors. I was home-schooled and I never really felt like I was part of any group. To be included with people that I respected so much since I was a kid is just absolutely incredible.”
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