FIVE WAYS A LEADERSHIP AWARD WILL BENEFIT YOUR CAREER
The Feel-Good Factor
Winning feels good and that feel good factor will feed through across your business. Everyone enjoys winning and having contributed to the success will boost your staff’s morale and their pride in being a member of the organisation.
That pride and happiness will deliver a return to your bottom line. Research shows that staff who are happy in their jobs are 12% more productive than those who are not. Winning an award, as long as you ensure everyone has ownership of the success, will help your staff feel better about themselves, their work and the company, but most importantly it will probably improve their performance.
Winning also shows that, as individuals, a team and an organisation, you are playing to your strengths and that you’re on the right track. As a company, if you know the strengths of your team and have your employees working towards them, you’ve got a much better chance of being successful in everything you do.
Boosting Your Reputation
Assessing Your Business
Motivation And Recruitment
The Bottom Line
We’ve saved the best (and perhaps most obvious) benefit until last. The biggest reason why businesses are so keen to enter awards is to increase revenue. A study by the British Quality Foundation found that businesses of all sizes could expect to see a significant increase in revenue.
A large corporation could expect to see income rise by 48% and sales increase by 37%. The benefits are even more pronounced for smaller businesses. The report suggested they could see income grow by 63% and sales grow by 39%.