Monday, December 5, 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 instances, one of many largest alternatives for enchancment is thru worker rewards as a method to present appreciation to your individuals. Whereas most firms have some rewards in place, they possible aren’t assembly the wants of all workers.

For instance, again within the day I used to be a Hole woman and for my one-year anniversary, I acquired a pin. As a 19-year-old lady who misplaced just about all the things, I thanked the group after which promptly misplaced it someplace between the journey from the break room to my automotive out again. I’d’ve fairly had one thing that wasn’t bodily, possibly a fair greater low cost or some form of specialty merchandise that match my model and was out of my regular (learn: naked) finances. 

We all know that blanket rewards don’t work – every worker has completely different wants and what’s significant to at least one individual isn’t essentially necessary to a different. 

Working for a corporation that actually does stay 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 in a position to get a large present card to Wayfair. I’d been which means to replace my work-from-home house to incorporate a foldable desk on my patio for a sunny afternoon of modifying … and with the assistance of my rewards, I solely needed to pay $15 for it. Now that was cash effectively spent. 

With the intention to be certain that your rewards are hitting the mark, they have to embody selection and adaptability in how workers can redeem them. That’s why our personal reward and recognition program, Reward Market, affords actually hundreds (thousands and thousands, even) of reward redemptions choices from the likes of Amazon, retailers that assist on a regular basis procuring or luxe gadgets and a lot extra. 

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

example of rewards spend

example of rewards spend

example of rewards spend

When you’re curious about studying extra about reward and recognition for your small business, get in contact with us and a member of our group will stroll you thru our resolution.

Talk to an Engagement Consultant »


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