Hi Hina,
You can implement some specifications like different departments having different awards. In sales, recognize consistent performers on a quarterly basis and acknowledge the top performer for the month, etc. In HR, highlight extraordinary performers by mentioning their achievements such as reducing the attrition level from 46% to 20% throughout the year compared to 2005, along with the best hiring manager who possesses good analytical skills, etc.
Similarly, in Finance, IT, Marketing, Customer Care Service, and other departments, establish unique recognition programs. For example, introduce the Platinum Award for the best Sales employee who contributes uniquely across departments on a yearly basis, recognize the Best Employee of the Year, and present Long Service Awards for 5 years, 10 years, etc. All these awards are designed for the long term appreciation of employees.
For short-term productivity boosts, consider offering incentives such as gift vouchers, movie tickets, lifestyle coupons, etc., for a one-month duration to motivate employees.
Regards,
Prativa