The new year is a perfect time to introduce new ways to drive employee engagement. More so, introducing an employee rewards program creates an engaging foundation for your company’s workplace culture for the year ahead.
‘Rewarding and recognising employees leads to greater employee engagement, which increases retention and helps create a more positive overall workplace. Incorporating a rewards and recognition program helps increase employee engagement, leading to many benefits for the company, like increased productivity and retention.’
While many of us agree that consistent rewarding plays a key role in driving employee engagement, there are many options to choose from when it comes to staff rewards. Here are some key things you should consider when deciding what rewards program is right for your business.
1. Personalise staff rewards
An incentive survey found that 47% of employees want to receive a personalised reward spontaneously. Personalising rewards means the reward is something more individually suited for each employee. Providing a reward addressed to a specific person helps staff to feel like they are understood and valued on a much more personal level by their employer.
MicroGifts allows you to personalise messages, headlines and images, while including your company’s logo and branding.
2. Reward your team how they want to be rewarded
We have all been there… you’re given a gift card for your hard efforts at work, only to discover it’s for a store you have never stepped foot in. A key ingredient to a successful rewards program is rewarding employees how they want to be rewarded. A lot of the time, this comes down to giving the gift of choice.
Open loop gift cards are gift cards that are not restricted to being used under one business or business group. They offer freedom, flexibility and choice for all recipients to spend how they choose. To learn more about how open-loop digital gift cards work, click here.
3. Be flexible with your approach to recognition
When it comes to recognition, timing is vital. The recognition process needs to happen when the desired performance is still at the forefront of both your mind and the employee’s mind.
The MicroGifts app allows you to send MicroGifts to staff instantly, via email or mobile. This instant recognition is vital to enhancing the meaning of the reward and often will seem less robotic.
4. Reporting is essential
The issue of many offline reward programs lies in their inability to reward employees with the rewards they choose and will therefore use. More so, this data becomes hard to track and measure without the aid of a fully online platform.
The MicroGifts platform facilitates function reporting by program, user & cost centre. Easily compare spend over a period against budgets and remaining balances.
MicroGifts Rewards Program
A MicroGifts account holds product templates ready for sending to 1 or many by email or SMS. 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. All future MicroGifts are stored on the one digital Mastercard, where card balance and transactions can be accessed via the MicroGifts app.