Employee Rewards and Recognition
Employees are an organization’s number one competitive advantage. Employee retention and engagement are two very critical components affecting a company’s bottom line. If you can figure out what drives your employees to work hard and how to reward them for a job well done, you’ll be able to bolster employee retention rates and reduce company turnover. Motivated employees are also likely to be more productive and provide better customer service, improving customer satisfaction.
Employees deal with organizational change, global issues and work stresses very differently. Considering employees’ wellness and mental health is a critical component of employee engagement in the workforce. A few simple strategies organizations can employee to support positive mental and physical health include: adding a wellness program to your company offerings, financial reimbursement for gym memberships, creating walking and jogging committees for lunch time fitness and offering a wide variety of health, recreation and fitness based rewards.
Although a simple “thank you” can go a long way, a study conducted by Rymax found that 69% of employees said that if they were rewarded at work for their efforts, they would feel more appreciated and motivated. However, only 15% of respondents said they feel valued at the end of the workday. By implementing and executing an employee engagement program that effectively rewards participants, companies will show employees that they are valued and appreciated.
Whether they’re foodies that love to cook, fashionistas that love to rock the latest fashions or techies that are constantly looking for the latest innovation in electronics, an employee rewards program offering the latest in merchandise rewards will inspire and empower everyone on your staff to work smarter, strive harder and thrive further.
Rymax’s Employee Appreciation Programs
Rymax’s customized employee rewards programs create recognition moments for all stages of an employee’s career, from onboarding to retirement, including:
- Appreciation programs and reward events
- Peer-to-peer recognition
- Performance-based badges
- Printable certificates
- Retirement gifts
- Sales incentives
- Service awards
- Spot recognition
- Wellness programs
- President’s Clubs and company celebrations