How to Get Gifts and Rewards Offered Through an Employee Reward System
So, you've decided to open an employee rewards programme... or perhaps you're just starting a rewards programme (for example, if you run a hotel or restaurant). Whatever the case, it's crucial that you set aside some time to make things as easy as possible for your employees. This isn't just about efficiency - after all, if you're paying people to do extra work, then you want them to be able to bestow their rewards on you in the most effective way possible. Employee reward programmes are no different. They can really help to increase productivity and profitability, but the trick is in their design. In this article, we'll go through some of the key things to look out for when opening such a programme. Check out the Axomo website for more details.
Cost is one of the things that you'll need to think about when choosing an employee rewards platform; depending on which one you choose, costs might vary greatly. The most cost-effective method of payment is pay as you go scheme, where you pay for usage over a period of time. The other option is a global platform, which would allow you to pay a flat fee for unlimited users; however, the former is often seen as more convenient for larger businesses that have more than a few people on board.
In addition to the cost of providing incentives to your staff, you also need to take care of the actual processes involved in administering the scheme itself. One of the most common mistakes with such schemes is the "greenwash" that many companies engage in - using supposedly independent third-party companies to implement your employee rewards programme. While this may seem like a good idea on paper, it can actually have a detrimental effect on your reputation. This is because if your company uses a third-party to implement a reward system, you're likely to receive bad publicity from the "bad guys": the other employees. This can seriously damage your company's reputation, especially if you've signed up for a pay as you go scheme. This surely makes it easy.
An employee recognition platform offers you a great way to effectively manage the actual rewards programme itself. For example, instead of having to deal with a whole array of people who will be reporting their results, each employee recognition system will keep track of the awards themselves in real-time. This means that all you need to do is get your team to submit their results - and then you'll be able to view their statuses immediately! Not only is this a more efficient way of rewarding your workers, but it also means that your employees will be far more likely to work properly and try their best, as they won't have to worry about whether they've performed well just to get a reward! (On the other hand, social recognition platforms will require your employees to log in with their personal details.)
Another benefit of an employee rewards platform is that it offers you far greater flexibility. There are a huge number of different options out there, which means that your strategy can change as much as you like, or perhaps as infrequently as you want. So many different things can change in a week as you work through the whole range of possibilities - and many of these options involve things like loyalty rewards, plaques and trophies, or even incentives based on how much hard work your team has put in during a specific period. The possibilities really are endless!
But all of these benefits aside, there's another big one: you can use your employee reward system as a perfect platform to introduce some fun and competitions into your workplace. If you're running a Christmas promotion, for example, you might want to give those hard-working team members prizes and gifts to show them that their efforts are appreciated. Likewise, if you're trying to motivate your staff to sign up to a new newsletter or volunteer programme, a great employee reward system will make people feel special, thus wanting to join. And who knows - once you start adding prizes to your employee reward system, your business could be on the road to more promotional activity!
Find more information at http://www.huffingtonpost.in/entry/5-best-hr-tools-for-small_b_9446950.