Team award is one of the types of recognition often offered by organizations. They are significant because they aim to recognize the collective efforts and achievements of a group of employees rather than those of individual employees.
A Team Award is usually given to a group of employees working together as a unit to accomplish common business objectives.
Team awards are a great way to promote collaboration at the workplace and highlight the importance of team effort across the organization.
Here are the key benefits for organizations for including team recognition as part of their employee rewards and recognition programs:
1. Promotes Teamwork and Collaboration
2. Builds Relationships and Mutual Trust
3. Align Workforce to Business Goals
Team Awards are great for encouraging teamwork and collaboration in the workforce, as employees feel motivated to work together towards a common purpose.
Team awards help to strengthen relationships between employees and create stronger connections among them.
This helps in building a better work environment.
Recognizing teams for their achievements is also an effective way to align their efforts with the organization’s business goals.
While including team rewards and recognition as part of an employee recognition program might be a no-brainer; making them effective requires some consideration.
Here are a few best practices that can help enhance the effectiveness of these awards:
1. Choose Team Awards over Individual ones
2. Ensure Fairness while giving the awards
3. Reward Project Teams
4. Reward Cross-Functional Teams
5. Create Visibility for Team Awards
Organizations should look at opportunities to reward and recognize teams over individuals wherever possible.
This will encourage employees to collaborate more effectively to achieve greater results.
Members of a team should be chosen based on their contribution to the overall achievements of the team.
Efforts must be made by the organization to include all significant contributors and exclude ‘freeloaders’, even if they might be part of the same function or group.
Rewarding teams that have made significant achievements working on projects, initiatives, or business challenges is a great way to encourage effective teamwork and collaboration.
Organizations should look at promoting seamless and cross-functional collaboration by rewarding teams that are working on cross-functional initiatives and special projects across the organization.
Organizations should leverage digital recognition platforms, internal collaboration apps, and external social media integration to communicate team awards effectively.
Virtual or offline forums such as town halls, ‘all hands meet’, etc., with the presence of the senior management, can also enhance the social visibility of such awards.
Read Comprehensive Guide to Different Types of Employee Awards
Team Awards can be a powerful tool for organizations to motivate their employees to work together effectively and to build a highly committed and engaged workforce for higher business growth.
Lead author: Sagar Chaudhuri, the Co-Founder and CEO of HiFives. He is an HR Tech Evangelist with over 25 years of experience in the corporate world and entrepreneurship. In the past, Sagar has worked with companies such as Genpact, Infosys, and ICICI Bank, in leadership roles. He has an engineering degree from IIT Kharagpur and an MBA from IIM Lucknow. Connect on LinkedIn
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