Employee recognition programs are a must for any business. Recognizing the contributions of your employees is not only the right thing to do, but it’s also a business imperative.
Nationwide, employers are struggling to create workplaces in which employees feel engaged with their work. Only 32% of employees say they are engaged with their work. Even worse, 18% of employees are actively disengaged with their work. Too often, this apathy can be traced back to employees feeling as though their employer views them as replaceable.
If companies do not act soon and put comprehensive employee recognition systems in place, they will pay a serious price. Employees who feel their efforts are wasted will depart for companies with generous employee recognition programs, which will drive up recruiting, hiring, and onboarding costs for your business. Those who remain with the company will feel increasingly isolated, and their performance will decline. Customer service will also worsen as employees struggle to see a reason why they should go above and beyond at work.
To attract and retain top talent, your company needs to invest in programming that demonstrates to your employees your appreciation for the work they do every day. This includes custom employee recognition programs offering prizes that suit their interests and aspirations rather than using a one-size-fits-all approach.
Perhaps most importantly, great employee recognition systems produce measurable outcomes that your team can monitor in real-time. You should be able to get insight into your ROI and have all of the data you need to adjust the prizes your company offers, as well as the criteria employees must meet to earn them.
Instead of trying to run all of your company’s employee recognition programs on your own, offer your teammates an unmatched employee experience with All Digital Rewards. It’s as simple as earning points. Employees love earning points and other types of rewards in incentive programs they can spend on a wide range of prizes such as gift cards, corporate merchandise, or other products or services such as cash bonuses, profit sharing, or additional paid vacation time. They respond enthusiastically and are well acquainted with what is required to participate in points-based reward models.
All Digital Rewards’ extensive offerings of rewards and incentives supported by our proprietary SaaS STACK™ solutions provide clients with a true turnkey reward management solution to fit small and large-scale employee recognition incentive programs.
As your employees earn points for doing what they do best, you receive unmatched visibility into how your reward campaigns are performing. If you find one of your campaigns isn’t having its expected impact, our team can work with you to build a reward mix that enables your company to meet its strategic workforce goals.
Performance Incentive Benefits:
- Motivational Tool
- Promotes Teamwork
- Retain Top Talent
- Boosts Morale
- Measurable Results
- Increases Service Levels
If you’re looking to upgrade your company’s employee recognition programs, call to talk with a rewards program expert today!