The Great Resignation is expected to hit Australia as COVID-19 restrictions ease, with almost 40% of workers planning to change jobs in the next 12 months. For businesses to retain the best talent, employers need to elevate their rewards incentives and give personal recognition to their staff.
There are several reasons people are seeking a change. For some workers, the pandemic caused a shift in priorities, encouraging them to pursue a ‘dream job’, or transition to being a stay-at-home parent. But for the vast majority of employees, the decision to leave was based on how they were treated by their workplace.
Labelled as the ‘post – pandemic mindset’, employees are re-valuing what work means to them, how they are valued and how they spend their time.
Appreciation and personal recognition will go a long way towards taming attrition in the workplace. To help retrain and hire the best talent during the ‘Great Resignation,’ it’s important to refocus not just on the business itself, but the people who drive it.
Personally recognising employees for their individual or team efforts can instantly transform your team’s perception of their workplace. What employers need to recognise is that simply buying a bulk load of physical gift cards to give to staff members for a job well done isn’t enough. This means it’s time to ditch a one-size-fits-all approach to rewards and take an approach that is likely to be relevant to each individual.
Employee’s want to feel individually recognised and appreciated for the valuable role that they play in the workplace. Staff who felt personally appreciated by their employer were 4.6 times more likely to feel empowered to perform their best work. During these times where retention is low, it’s important to employ a rewards program for your business that individually recognises your staff for their efforts.
MicroGifts digital gift cards are customised to suit individual business needs and foster staff engagement. The Mastercard e-Gifts are branded and themed with multiple images and messages to maximise effectiveness with your staff.
As a Platform as a Service, the client business has an online MicroGifts account that holds the templates ready for sending to 1 or many by email. Sent instantly or scheduled for later, MicroGifts are digital Mastercard’s that are held in Apple or Google Pay wallets on the recipient’s mobile phone.