Champion your team’s achievements
Rewarding your employees’ great work creates a winning company culture, which increases motivation and productivity.
Companies that recognise and reward their employees’ efforts enjoy 31% lower staff turnover rates.¹
Businesses that use incentive programmes to reach their goals benefit from a 79% success rate²
of employees said rewards increased their motivation³
Celebrating success with Perkbox
Whether you want to incentivise a specific goal, or just want to reward success, Perkbox is a versatile employee engagement platform that helps you personalise rewards for each individual.
Because we’ve partnered with the biggest online and high street retailers, giving back to your teams has never been simpler.
With Perkbox you can easily track your star employees and choose a reward they’ll love. Not only that, but you can also leave a note and make their achievement public on your company-wide feed if you wish.
But employee reward schemes aren’t just about vouchers and reward cards. Introducing a wider rewards programme that addresses your teams’ physical and mental wellbeing also improves motivation and loyalty.
Catalogue of rewards
No two employees are the same and most employees want rewards that are unique to them.
That’s where Reward points and Global Reward come in. Our rewards platform allows you to reward your team with points, giving them the flexibility to choose the reward they want – when they want.
Purchase Reward points as and when you need and provide them to managers and team leads so that they can reward their teams. You supply the points, we supply the choice. There really is something for everyone!
Physical wellness rewards
Rewarding your employees with a comprehensive physical wellbeing package boosts morale and helps relieve stress.
Most companies offer discounted local gym memberships, but Perkbox offers much more.
- Reduced membership pricing at the biggest gyms, including Virgin Active, Gymbox, PureGym, and many more
- Discounted healthy recipe boxes and money off supplements
- Unlimited access to the Wellness hub, which includes guided mediation and yoga classes
And that’s not all. Your employees can also save money on gym apparel and wearables!
Mental wellbeing incentives
Let your teams know you care with a 24/7 Employee Assistance Programme (EAP), which gives them:
- Access to accredited British Association for Counselling and Psychotherapy (BACP) counsellors and four therapy sessions with our enhanced EAP
- A vast online library of mental health resources
- Mental health first aid training
Employees can also call a confidential helpline that’s available all day, every day, if they need support.
What's the difference between reward and recognition?
Employee rewards involve a gift and cost money. Employee recognition, on the other hand, is free. An example of recognition is telling someone they’ve done a great job. Peer recognition is typically done in the moment and is an easy way to show a colleague you appreciate their efforts.
Recognition systems complement reward systems and are a useful method to measure employee engagement. When delivering recognition it’s important to be sincere. Don’t use copy and paste email templates - make the message personal. When a team member receives a templated response this could negatively influence their opinion of senior management and damage their employee experience. Remember the purpose of employee recognition is to increase the number of engaged employees.
On a related note, try not to send messages when you are busy, to avoid rushing it.
Rewards systems don't need to be flashy either. Sometimes, buying a colleague coffee is enough to let them know you value them as a team member.
Rewarding people on a regular basis doesn’t mean you have to incur additional costs. Offering incentives like half day holidays can also increase employee engagement, at no cost to you. It’s also important to note that simple actions with little monetary value are sometimes as effective as bigger rewards.
To learn more about how Perkbox can help you celebrate hard work, request a demo today.
What are the best ways to reward employees?
Employee reward systems are complex, but the simplest way to reward employees is to understand what they value. A little competition is healthy, and creating polls that enable people to champion others is a great way to bring teams together.
When designing a poll as part of a reward system, it’s good to think about what your organisation values, for example innovation or collaboration. Endorsing specific contributions or values will shift company culture in that direction, so it’s important to think about the types of behaviours you want to encourage.
When choosing monetary rewards, it’s important to know what your staff like. If you want the reward to be a surprise you can ask managers what their teams prefer. Incentivising employee achievements makes people feel appreciated, and choosing a recognition programme that rewards top employees not only encourages peer recognition but increases productivity.
Employee rewards can also be holistic and include benefits that promote wellbeing. Many successful rewards platforms incentivise people to look after themselves both physically and mentally.
To learn more about how you can reward employees with Perkbox, request a demo today.
What are the benefits of an employee reward system?
An employee reward system is an incredibly cost-effective solution to improve employee performance. When team members feel valued, they are more productive, motivated, and happy. Rewarding people for working towards a common goal increases the success of that particular goal, as it incentivises them to put their best work forward.
When choosing an employee reward and recognition programme, keep in mind that a little goes a long way. Introducing birthday hampers and free thank you coffees boosts morale and reduces the number of disengaged employees.
People who enjoy where they work are more likely to talk about their positive experience with friends and family, which not only demonstrates loyalty but also promotes your business to potential customers and employees.
Overall, employee rewards are a highly effective way of encouraging the behaviours and values you wish to see in your company.
To learn more about how Perkbox can help you with your people engagement strategy, request a demo today.
How do I create an employee reward system?
When creating an employee reward system, the two main goals are to increase employee engagement and improve the employee experience. There may also be others, depending on your company values and working environment.
When you have approval from upper management, think about the employee reward system you want to build. In some workplaces, many employees value monetary rewards while others prefer health and wellbeing incentives. It’s important to take these preferences into account.
Use Perkbox to help you create your employee reward system for your team – request a demo to learn how.
How can I launch my employee reward system with Perkbox?
Rewarding employees with Perkbox is easy. All you have to do is book a demo and we’ll give you a call to understand your business needs. We will tailor the demo of Perkbox based on the specific needs of you and your team. If you’re ready to take the next step, we’ll get you signed up and create a launch plan for your new reward system.
To ensure that the launch of Perkbox is successful within your business, we’ll also give you all the marketing materials needed to promote the programme.