An employee rewards program fit for a dream team

An employee rewards program helps employers appreciate their star performers and celebrate milestones. Employee rewards can be monetary – for example a store card – or a gesture, such as finishing earlier on a Friday.

To implement a successful rewards program, it’s important to make each reward personal. After all, your staff are individuals. An example of not appreciating an employee well is giving them a gift card to a store they have no intention of shopping at.

If you don’t know a colleague particularly well, it’s worth asking the people in their team what they like so that you can choose the perfect gift. Rewards have a much greater impact on employee motivation and productivity when they’re meaningful.

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When you reward your teams for a job well done, it’ll boost employee engagement and increase productivity. Team members are also unlikely to look for a role elsewhere when managers and peers recognise their efforts and reward them for their hard work.

Rewarding is also something managers can use as part of their continuous performance management processes. Using rewards software is a convenient method of tracking employee performance because it records how often someone is consistently going above and beyond in their current role.

Choosing a rewards program that’s part of an overall employee engagement platform, which includes employee recognition software, is a great choice because you can encourage peer-to-peer recognition. Employee recognition programs not only increase loyalty but also attract other people to your company. 

Rewards and recognition are the foundations of a healthy workplace culture. With our Celebration hub, you can recognise your teams’ achievements in addition to gifting rewards.

Before you consider implementing any reward program it’s important you talk to your teams to understand what they want. The best employee reward programs are user friendly and integrate smoothly into your organisation.

Next, you need to understand what your employees value. Would they favour custom rewards, for example an extra duvet day? Or, would they prefer something monetary, such as a restaurant gift card?

While everybody loves receiving a gift, employee recognition is just as important. You may notice employee satisfaction increases when people receive an employee of the month certificate, for example.

Introducing an employee recognition platform and rewards catalogue at the same time means you can reward employees and celebrate their accomplishments together. This will increase engagement with the platform – and create a strong culture.

Perkbox, for example, is a global benefits and rewards platform that can help you celebrate and connect with your employees on many levels. We can help you introduce a seamless reward and recognition experience, which your employees can access from our app at any time, from anywhere in the world.