Rewarding at Perkbox
Many businesses that use Perkbox are big on recognising employees and rewarding them accordingly. As a company that’s all about creating a culture of appreciation, this is music to our ears!
But some businesses who are near the start of their journey, often have the question: “What should I be rewarding people for?”
Now, this is down to each individual business — you know your people, your objectives and your values better than anyone else.
At the same time, we’re very open about what we do at Perkbox.
This blog will look at some of the things we tend to give rewards for, along with insight from our people.
This can be on an individual level — for example somebody completing a big project — or a company level, for example if you met your quarterly objectives.
The former boosts the morale of the person being rewarded and motivates others to smash their targets. Meanwhile, the company-wide approach helps everybody feel connected and aware they’re working together towards a common goal.
Here at Perkbox, we take both options! Managers are given a budget of Reward points to send to their team members as and when they want. At the same time, our People team can also send points directly to employees to celebrate major results.
There is also the ability to view detailed reporting, something the People team use to monitor how managers are rewarding their teams and what for. After all, the theory of rewarding is well and good, but it’s nice to see how it’s practically happening within an organisation.
It’s not always about good work and completed projects. Rewarding for milestones is also important — especially if your business works on really lengthy projects or in an area where you don’t see success straight away.
There are so many milestones you can celebrate. Things like work anniversaries, promotions or new starters joining — these are great quick wins which have a big impact. Personal milestones such as birthdays, engagements and buying a house can also be celebrated.
Put yourself in the shoes of an employee who’s celebrating a year in the job, or perhaps coming back from maternity leave. Imagine opening your emails to see that you’ve been given Reward points you can spend on something of your choice. It’s a small touch that can have a big impact on their happiness and motivation levels.
The great thing with celebrating milestones is that it allows you to celebrate everyone equally. After all, you may have certain offices or sites where a lot of the work gets done — but people in every location will have some sort of individual milestones.
"I’ve recently celebrated five years at Perkbox and I was sent my ‘Perkiversary’ Reward points. This made me feel appreciated and also allows me to choose what to spend the reward on!"
Hannah Dizenzo, Marketing Programme Manager