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A Time For Companies To Recognize Their Best Talents

BY Soko Directory Team · December 10, 2022 11:12 am

Companies from across the country now have an opportunity to recognize the outstanding performance, contributions, and achievements of stellar employees through the Employee of the Year Awards in Kenya.

The Employee of the Year Award is an annual event that seeks to identify and honor employee excellence in their respective organizations.

Nominees will be judged by a panel through a rigorous process and the public will also have an opportunity to vote for their preferred “Employee of the Year.

Recipients of the award will be recognized for their commitment, dedication, and exceptional involvement toward growth in the workplace.

The Great Resignation is a phenomenon that has swept across the globe since the pandemic hit. More people realize they have options when it comes to where and how they work.

As more people voluntarily leave their jobs, it’s becoming evident that the value of a job is beyond just the compensation; particularly now as the younger generation is entering the workforce. Losing the workforce costs companies billions of dollars every year, and it’s essential for employers to nurture and grow a vibrant workforce.

“More people are becoming aware that they have choices about where and how they work. As more people leave their jobs voluntarily, it becomes clear that the value of a job extends beyond monetary compensation, especially as the younger generation enters the labor force.

Consequently, companies lose billions of dollars annually due to workforce turnover, so it’s critical to understand how to keep employees happy. Employees are the people who get things done. They come first. They will take care of your business if you take care of them. At WorkPay, we continue to create tools to empower businesses to manage their employees effectively.” Said Paul Kimani, Chief Executive Officer, Work Pay.

Employers must consider this shift in values along with the changing landscape of the workplace as they strive for employee retention. While a period of upheaval such as the Great Resignation might feel like a challenge, it can also present great opportunities for organizations to attract and retain top talent. One such opportunity is the 2022 Employee of the Year Awards an initiative spearheaded by WorkPay.

The initiative provides a platform for Human Resource Managers and leaders to recognize employee efforts on a day-to-day basis ensuring that companies run smoothly by fostering best practices. The practices increase strong team dynamics and form, increasing their satisfaction level and easing their level of satisfaction. According to research, every organization needs a reward and recognition system which exhaustively addresses four main areas. They are compensation, benefits, recognition, and appreciation.

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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