Reflecting on his nomination for SME National Business Awards Young Business Person of the Year 2018, Tom Harris has commented on the importance of recognition and has revealed how Live Innovations are committed to recognising and rewarding their top performers.
Live Innovations are proud of their recognition and reward culture and Managing Director, Tom Harris believes that it has played an integral role in the firm’s continued success.
After the firm’s most testing period, Mr Harris was the recipient of the ‘Business Owner of the Year’ Award at the 2018 UK Sales & Marketing Awards. Just a couple of months later, Mr Harris received notification that he was a finalist for the 2018 SME National Business Awards Young Business Person of the Year.
‘Awards and nominations are recognition from my peers, and it’s a great feeling. They reinforced the importance of the recognition and reward culture that we have developed at Live Innovations,’ commented Mr Harris.
Figures show that 8 out of 10 millennials think they deserve to be recognised more for their work. By 2025, millennials will make up three-quarters of the global workforce. Therefore, Mr Harris believes that it is pivotal for all companies to implement a recognition programme.
The business owner has revealed the three advantages of recognition.
- Happiness levels
When people feel appreciated for their hard work and efforts, people feel good about what they do, and that simultaneously elevates happiness levels. At Live Innovations, they believe that happiness and success are linked. Award-winning entrepreneur, Tom Harris has worked hard to develop a company culture that is fun, friendly and nurturing.
A survey found that on average, happy employees are 12% more productive. At Live Innovations, they strive to develop an environment where their workforce is motivated and inspired to allow them to achieve optimum productivity levels. Research found that 69% of employees say they would work harder if they felt their efforts were better appreciated. Mr Harris continuously examines productivity levels, and there has been a direct correlation with productivity levels when incentives are on offer.
People who feel appreciated remain loyal to a company, and that is extremely valuable. At Live Innovations, they believe that their recognition and reward culture has played an integral role in their ability to retain top talent.
“Every company is going to experience some level of turnover. However, implementing a recognition programme can be the difference in retaining people,” commented Mr Harris.
Live Innovations is London’s premier outsourced sales and marketing company. The firm offer brands bespoke marketing campaigns, designed to suit individual business needs. They are proud to have developed a working environment where people feel appreciated. Managing Director Tom Harris is urging industry leaders to implement a recognition program to improve performance.