Tuesday, October 4, 2022
HomeEmployee EngagementStrategic Worker Reward Concepts | Reward Gateway

Strategic Worker Reward Concepts | Reward Gateway

15 concepts to maximise worker rewards 

As firms search for new methods to increase morale and motivation throughout difficult occasions, one of many largest alternatives for enchancment is thru worker rewards as a solution to present appreciation in your folks. Whereas most firms have some rewards in place, they doubtless aren’t assembly the wants of all workers.

For instance, again within the day I used to be a Hole lady and for my one-year anniversary, I acquired a pin. As a 19-year-old girl who misplaced just about every little thing, I thanked the crew after which promptly misplaced it someplace between the journey from the break room to my automobile out again. I might’ve slightly had one thing that wasn’t bodily, possibly a good larger low cost or some type of specialty merchandise that match my type and was out of my regular (learn: naked) funds. 

We all know that blanket rewards don’t work – every worker has totally different wants and what’s significant to 1 particular person isn’t essentially vital to a different. 

Working for an organization that really does dwell and breathe its mission, I’ve had loads of alternatives to obtain higher rewards that maintain a reminiscence for me. Simply final week, I redeemed a reward I acquired from our UK Gross sales Director along with a peer-led reward from considered one of my different colleagues and I used to be capable of get a large reward card to Wayfair. I’d been that means to replace my work-from-home area to incorporate a foldable desk on my patio for a sunny afternoon of enhancing … and with the assistance of my rewards, I solely needed to pay $15 for it. Now that was cash nicely spent. 

With a view to make sure that your rewards are hitting the mark, they have to embrace selection and suppleness in how workers can redeem them. That’s why our personal reward and recognition program, Reward Market, affords actually 1000’s (tens of millions, even) of reward redemptions choices from the likes of Amazon, retailers that assist on a regular basis buying or luxe gadgets and a lot extra. 

Right here’s a take a look at a few of the some ways your workers may need to spend their rewards:

example of rewards spend

example of rewards spend

example of rewards spend

If you happen to’re fascinated with studying extra about reward and recognition for your small business, get in contact with us and a member of our crew will stroll you thru our resolution.

Talk to an Engagement Consultant »



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