24 September, 2024
Why Integrating a Rewards and Recognition Program is Crucial for Your Business?
According to a recent Gallup/Workhuman survey, organizations that prioritize employee appreciation have workers who are 56% less likely to look for a new job. This statistic underlines the importance of setting up a rewards and recognition program within your company.
This blog will walk you through the advantages of integrating rewards and recognition software applications into your existing systems. Keep reading to know how Gratifi can be your ultimate partner in ensuring your employees don’t go elsewhere to feel valued.
What are Rewards and Recognition Programs?
Employee rewards and recognition programs allow organizations to acknowledge and celebrate employees’ contributions and accomplishments. At their core, these programs are all about cultivating an environment that motivates employees to generate high-quality work.
Here are the key benefits of adopting an employee rewards and recognition program –
- Strengthens Workplace Relationships: A rewards and recognition program increases interactions between the teams, thus fostering genuine friendships. Such a strong foundation can pay off exponentially in the long run, improving retention rates and employee efficiency because employees enjoy coming to work every day.
- Boosts Job Satisfaction: Can you name someone who doesn’t love receiving recognition for doing a good job? When seen in the workplace through rewards and recognition, employees feel that the company has their best interest at heart. Such a powerful motivator increases the overall job satisfaction.
- Cultivates a Positive Company Culture: Teams full of satisfied and appreciated employees are not only more productive but also more positive. Such employees ooze good vibes and are far more likely to spread a positive message about your organization. Putting an employee rewards and recognition program in place creates a beautiful environment for employees to thrive and ensures they don’t pursue other employment options.
Now that we know the significance of having an R&R solution, how do we find the right employee and recognition platform to invest in? Let’s look at the checklist:
→ Seamless Integration
One of the main boxes to tick is – choosing a platform that integrates seamlessly with your existing technology ecosystem and offers a mobile-first solution approach.
But why does a smooth integration matter?
In today’s world, digitization and technology have become integral to managing people. It is safe to assume that your organization may already use an HRMS for various HR functions.
In such a case, you would want to invest in something other than a program that will become a part of your current workflow. A program that doesn’t mesh well with your existing system will add hassles for you and your employees and would be a total waste of money.
An R&R solution like Gratifi makes it easier for HR and employees to connect, recognize, reward, engage, and share feedback in the flow of work. A pop-up notification of an award announcement on MS Teams or Slack would brighten any employee’s day and pump them up with energy for the rest of the week!
→ Easily Customizable
It’s a no-brainer that every organization is different in more than one way. Since you are opting to use a third-party platform rather than building your own, it shouldn’t make the employees feel like they are joining a completely new and unknown program.
Customizable features give you the liberty to tailor the program for your employees. You can choose the number of employees, award titles, badges, point allocation, etc., to fit the rewards and recognition program of your choice.
Gratifi’s R&R platform can create a tailor-made program with your company identity–from the name to the interface. Request a demo to see it in action!
→ Robust Security and Data Privacy
Integrating employee rewards and recognition software is not an easy decision! An R&R platform provider has to guarantee complete security and confidentiality of all employee data, as the smallest data breach can result in an expensive disaster for both parties involved.
- Security: Organizations seeking to invest in R&R software should look for the highest level of encryptionto protect data, including services like SSH keys, SSL certificates, HTTPS, and TLS. Such protection prevents unauthorized access and ensures the highest security across the network and systems.
- Data Privacy: Since the R&R platform you choose will label, handle, store, transmit, retain, and dispose of business-critical data and employee information, it is crucial to integrate rewards and recognition software that follows a published, standard security and privacy procedure.
If you are looking for an employee rewards and recognition platform to check all these boxes, Gratifi is an excellent option. Built for today’s data-driven leaders, our revolutionary cloud-based SaaS solution with a global rewards catalog and last-mile delivery can transform your organizational culture. Don’t wait – schedule a demo today!