What Are Employee Rewards?
These rewards can take many forms such as monetary and non-monetary incentives. With over 30 years of experience in this field, we understand that the success of a company depends on attracting, engaging and retaining the best people.
In this blog, we’ll look at how you can show your talented employees that they are appreciated, keep them motivated and drive your business further.
What Can You Reward Your Employees For?
Celebrate the important milestones in the careers of your staff and express your gratitude for their commitment and achievements.
All of the latest research into this points one way. Employees who are made to feel valued at work, both professionally and personally, are more likely to be engaged, think innovatively and go the extra mile in their role.
Establishing a culture of recognition within your company empowers you as an organisation to achieve business success, creating happier and more motivated higher-performing employees.
By recognising these, you could allow your business to:
- Improve staff retention
- Attract new talented staff
- Reduce absences
- Increase motivation
- Improve engagement
- Achieve greater employee satisfaction
- Improve customer loyalty
- Improve your team culture
Having goals is key to driving your business forward. But as important as these goals are, keeping your employees motivated to hit these plays a huge role in this. Rewarding your employees for hitting these goals can:
- Engage your team
- Boost performance
- Increase retention
- Accelerate business goals
- Promote workplace culture
Whatever your business, employee rewards can be customisable to your industry. You can set up rewards against KPIs, monthly, quarterly and annual incentives, prize drawers and top performers clubs.
What Can You Reward Your Employees With?
Rewards don’t always need to be a physical thing that they win, but they could also be something that enhances their overall package with your company. Options such as flexible work hours, buying more holidays, Cycle to Work Scheme, Car Finance deals and gym memberships, just to name a few are all things that can make an employee feel valued in their role.
Letting your employees know that you care about their well-being and your desire to promote a healthy work-life balance goes a long way. Employees being able to access unique well-being benefits such as fitness classes, sports equipment, healthy nutrition, health benefits and more can promote a more productive and balanced culture.
Offering discounts across major retailers, including money off health and beauty products, attractions, theatre tickets and dining out.
Just another way of helping your employees salaries go further with discounts on everyday items as well as special treats.
By offering a choice of rewards your employees can find the reward that suits them from a selection of thousands.
E-Gift Card -You can offer the choice of e-Gift Cards which provide the ultimate flexibility for your employees to redeem in-store or online.
Physical Gifts – A huge selection of the very best gifts. From designer accessories to the latest technology and must-have items for the home.
Experiences – A reward to remember, whether it’s for the adrenaline-fuelled or just a bit of pampering, an experience gift is a great way to make new memories.
Short Breaks & Holidays – Give the gift of time-out with the option for short breaks and holidays in the UK or overseas.
If you want your employees to feel appreciated, recognised and valued, as research shows, employee rewards are a great way to thank them for their hard work. You’ll find a workforce that feels valued, appreciated and motivated to achieve new targets and goals.
We understand that your business is unique. We will listen to your values and your commercial objective to create a tailor-made reward and recognition strategy that delivers.