--- title: The importance of rewarding and recognising employees description: Rewarding and recognising employees is vital in an organisation. It increases engagement, employee retention, raises productivity and also morale. Theses benefits can be achieved with a carefully structured employee reward and recognition program. Read the blog to find out more. image: https://www.penguins.co.uk/hubfs/Penguins/Design_By_Blend/Reward%20and%20Recognition/reward-recognition-hero.jpg --- Want to talk about your event? give us a call on: [+44 (0)1753 833 811](tel:+441753833811) *x* [![Penguins Events Ltd](https://www.penguins.co.uk/hs-fs/hubfs/Penguins-sep16/images/logo.png?width=193&height=40&name=logo.png "Penguins Events Ltd")](https://www.penguins.co.uk/) ** ** ### Contact us ** ### Subscribe # The importance of rewarding and recognising employees 7 Nov 2018 | by [Sophie Darbon](https://www.penguins.co.uk/incentive-travel-blog/author/sophie-darbon) Employee recognition is the act of letting your employees know that their hard work is valued, this can be achieved by rewarding employees. A reward can come in all shapes and sizes, from something as small as a day off on your birthday, or something as extravagant as an incentive trip. ### **Benefits achieved through employee reward and recognition:** **Engaged employees** – An [engaged employee](https://www.penguins.co.uk/blog/what-is-employee-engagement) has an emotional commitment or alignment to the values and goals of the company they work for. Reward and recognition is one of the [9 key factors](https://www.penguins.co.uk/blog/what-is-employee-engagement) of achieving engaged employees.  **Increased productivity** – A study by Globoforce found that [78 percent of employees](https://www.inc.com/ben-peterson/how-to-build-productivity-through-rewards-and-recognition.html) would work harder if they were better recognised by their employers. Employees that are being equally rewarded and recognised for their efforts, are more likely to be happier and engaged, thus resulting in increased [productivity](https://www.penguins.co.uk/blog/how-employee-engagement-drives-productivity). **Employee retention** – Qualtrics have found that employees whose managers consistently acknowledge them for good work are [5x more likely](https://www.qualtrics.com/blog/employee-experience-stats/) to stay at the company. If organisations implement a culture of recognition they are more likely to retain staff. **Increased revenue** – This is a by-product of the above benefits. Increased productivity, employee retention and employee engagement all work to create operational efficiencies within organisations. [56% of managers](https://www.hrtechnologist.com/news/employee-engagement/are-employee-recognition-programs-good-investments/) consider reward and recognition programs as an investment rather than an expense. Rewards don’t have to cost the world, a simple ‘well done’ can instil a huge sense of pride in an employee. However a carefully structured reward and recognition program that is designed to suit specific teams will have a positive effect on an organisation. Employers should look at a reward and recognition program as an investment rather than a drain on resource. [![Incentive Insight Issue 2 Website Ad](https://hubspot-no-cache-eu1-prod.s3.amazonaws.com/cta/default/2503545/interactive-139324206990.png) ](https://www.penguins.co.uk/hs/cta/wi/redirect?encryptedPayload=AVxigLLfwUegxenmKcs%2BHDTkUoqGPR%2F6AszFr8ddiOHuKCQaQI7ovP3t7%2FAAYBW3HHPUn%2BSJd9%2Ba5cJeczji%2BtBoUq2yj9ZcPRSSZ%2FhhgYzNdv8EOri2hCTy7KJ641SxNCNTJNATv52umeMtaocTxNABuwDDM%2Fr4m18FwyiqnUTNNJZ3QF%2F9oHGTTV5aNqXE4rgfqWF6cJEA3I4INfU%3D&webInteractiveContentId=139324206990&portalId=2503545) ![Sophie Darbon](https://www.penguins.co.uk/hubfs/Design_By_Blend/About%20Us/Team/Sophie.png) #### By Sophie Darbon Sophie began her career in events back in 2010 after graduating from Bournemouth University with a BA in Events Management. Sophie is passionate about all events but particularly loves working in incentive travel.[More articles](https://www.penguins.co.uk/blog/author/sophie-darbon) by Sophie Darbon [< back to blog](https://www.penguins.co.uk/blog) - [Reward and Recognition, Incentives](https://www.penguins.co.uk/incentive-travel-blog/topic/reward-and-recognition-incentives) - [Employee Engagement](https://www.penguins.co.uk/incentive-travel-blog/topic/employee-engagement) - [Employee Motivation](https://www.penguins.co.uk/incentive-travel-blog/topic/employee-motivation) - [Productivity](https://www.penguins.co.uk/incentive-travel-blog/topic/productivity) #### RECOMMENDED POSTS [How To Get Your CEO To Take Reward And Recognition Seriously](https://www.penguins.co.uk/incentive-travel-blog/how-to-get-your-ceo-to-take-reward-and-recognition-seriously) [How To Make Your Incentive Sustainable](https://www.penguins.co.uk/incentive-travel-blog/how-to-make-your-incentive-sustainable) [Travel incentives: looking to the past to predict the future](https://www.penguins.co.uk/incentive-travel-blog/travel-incentives-looking-to-the-past-to-predict-the-future) [Conscious incentive travel in a post-pandemic landscape](https://www.penguins.co.uk/incentive-travel-blog/conscious-incentive-travel-in-a-post-pandemic-landscape) [Are people more incentivised for trips when they can bring a partner?](https://www.penguins.co.uk/incentive-travel-blog/are-people-more-incentivised-for-trips-when-they-can-bring-a-partner) #### SHARE THIS BLOG POST: [![Share on LinkedIn](https://static.hubspot.com/final/img/common/icons/social/linkedin-24x24.png)](http://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Fwww.penguins.co.uk%2Fincentive-travel-blog%2Fthe-importance-of-rewarding-and-recognising-employees%3Futm_medium%3Dsocial%26utm_source%3Dlinkedin) [![Share on Twitter](https://static.hubspot.com/final/img/common/icons/social/twitter-24x24.png)](https://twitter.com/intent/tweet?original_referer=https%3A%2F%2Fwww.penguins.co.uk%2Fincentive-travel-blog%2Fthe-importance-of-rewarding-and-recognising-employees%3Futm_medium%3Dsocial%26utm_source%3Dtwitter&url=https%3A%2F%2Fwww.penguins.co.uk%2Fincentive-travel-blog%2Fthe-importance-of-rewarding-and-recognising-employees%3Futm_medium%3Dsocial%26utm_source%3Dtwitter&source=tweetbutton&text=The%20importance%20of%20rewarding%20and%20recognising%20employees) ### Like what you've read? 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