This past weekend, we made it through another Oscar Awards Ceremony, where some of the most famous people in the world were provided with some additional recognition to make them even more famous. But what about the rest of us who toil anonymously day in and day out? What is the value of receiving an award for us?
The intrinsic value of receiving an award plaque can vary depending on the individual and the context in which it is received, but generally, there are several potential non-monetary benefits:
- Sense of accomplishment: Receiving a plaque or award can provide a sense of accomplishment and validation for one’s hard work and achievements.
- Boost in self-esteem: Recognition for one’s efforts can boost self-esteem and confidence, leading to increased motivation and satisfaction.
- Feeling valued: Receiving a plaque or award can make individuals feel valued and appreciated for their contributions, which can lead to increased loyalty and commitment. Surveys often site feeling valued as a key to employee retention.
- Motivation: Recognition and rewards can serve as motivation to continue to work hard and achieve even greater success.
- Sense of pride: Receiving a plaque or award can create a sense of pride in one’s work and accomplishments.
- Enhanced reputation: Receiving a plaque or award can enhance one’s reputation in their field or industry, which can lead to increased opportunities and recognition. This is why you see awards planted on shelves of so many zoom call participants.
Overall, receiving a plaque or award can have intrinsic value by providing individuals with a sense of accomplishment, boosting self-esteem, feeling valued, motivation, a sense of pride, and enhancing reputation, which can all contribute to personal and professional growth and satisfaction. The intrinsic value of awards is far greater than the relatively small price.
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