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Successful business leaders today understand the importance of acknowledging employees' contributions. However, giving a recognition speech can be daunting. This tutorial provides tips on how to give a recognition speech that will make a lasting impact. Whether formal or informal, the words you choose can leave a lasting impression. Recognition is most effective when given soon after the achievement. Take advantage of events where awards are presented to celebrate achievements as a team and make a point to congratulate recipients shortly after their success.