How to get started with Employee Benefits and Rewards
Now more than ever it is of the utmost importance to reward, motivate and retain. Attracting, retaining, and motivating employees is on the top of the list for organisations in terms of factors that affect challenge and success, with the number one focus for investment being people!
Make sure your people feel appreciated, motivated to stay, and grow with your organisation, and ensure people are attracted to a career with you. One way to do this is through an employee benefits and rewards programme that recognises their hard work and contribution.
Recognition and rewards have a real impact on staff retention, but they need to be aligned with your organisation and employees to make a difference, which is why involving your employees is vital.
If you want to avoid losing high-performing staff, saying goodbye to years of business knowledge and paying through the nose to recruit new people, you need to create an employee benefits and rewards programme that works.
Here’s how to get started:
Motivation comes in many forms, so it’s important to build a benefits programme that fits your employees. Create a model that works for your people – here’s what that might look like:
Planning – Work with your staff to create a programme plan that aligns with your brand values and staff preferences.
Development – Build in tiers of recognition, including rewards for performance, values, anniversaries and tenure.
Rewards – Source rewards and incentives to fit your plan. Work with brand partners if there is alignment. You can find some examples to spark inspiration in our blog Creative Ways To Boost Your Brand With Rewards And Incentives.
Delivery – Find a tech solution to suit your programme, either our own platform or a bespoke build.
Communication – Communicate the programme to staff and use their feedback to tweak the details as needed.
For more tips, visit our blog Top Tips For Creating Your Own Employee Engagement Programme.
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