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Identifying Rewards and Recognition with Gen Z and Millennials

1 June, 2023

Identifying Rewards and Recognition with Gen Z and Millennials

As organizations adapt to the changing workforce dynamics, understanding how to effectively reward and recognize Gen Z and Millennials becomes crucial. Gen Z is the most diverse generation yet, and for that reason, one may find that Gen Z employees have a wide range of backgrounds, experiences, and perspectives. The future of organizations depends on Gen Z employees, who are the newest generation of employees and managers. With their help and involvement, organizations may develop, and recognition programs can thrive. For perspective, Baby Boomers (those born between 1946 and 1964) preferred financial security and, consequently, monetary advantages, but Millennials (those…

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Employee Engagement Strategies to Foster Psychological Safety at the Workplace

7 April, 2023

Employee Engagement Strategies to Foster Psychological Safety at the Workplace

Your workplace should be a place where staff members feel free to communicate their ideas and where those ideas are recognised, valued, and most importantly, heard. You should never be afraid to express your opinions out of concern for how they may be received. This is why every workplace needs to have a conversation about and promote the idea of psychological safety. Through honest and open communication, employee engagement tactics encourage greater productivity, creativity, and a welcoming environment for the exploration of new concepts and ideas.  What does psychological safety mean? According to the Centre for Creative Leadership, Psychological safety…

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Creating and Managing an R&R budget on a digital platform

29 October, 2021

Creating and Managing an R&R budget on a digital platform

When building a case for digitizing your firm’s R&R initiatives, an important question that always arises is- how do you ensure that your R&R budget is not exceeded? Or maybe, how can you optimize your R&R spend for maximum efficacy? Or- is my rewards budget framework in line with the industry best practices? This blog helps you answer these questions and ensure effective budgeting using your R&R or engagement digital platform. Step 1- Creating a Budget Framework When creating a budget for a digital rewards platform, keep in mind that unlike traditional methods, digital mediums offer the advantage of instant…

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Combatting Cognitive Human Biases with a Digital Engagement Platform

12 October, 2021

Combatting Cognitive Human Biases with a Digital Engagement Platform

Behavioral science has revealed that the human mind is wired to take shortcuts to make quick analyses, conclusions, or decisions about people. This often results in what is called ‘cognitive bias’. While these mental shortcuts or ‘heuristics’ save us a lot of effort in everyday decision-making, they can often trip us up, especially in a work environment. This can result in a compromised workplace culture and inefficient people management. This blog will discuss the various types of biases and how an effective employee engagement platform can be leveraged to keep them at bay. Recency Bias: Challenge- Simply put, this bias…

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People Focused Leadership in Times of Crisis

29 April, 2021

People Focused Leadership in Times of Crisis

The pandemic has resulted in a major upheaval within the world of work. With a fresh rise of cases and mortalities, it is a tumultuous time for us all, whether through exposure on the field or juggling priorities while working from home.

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The Art of Employee Retention Through Data Science

11 February, 2021

The Art of Employee Retention Through Data Science

A majority of firms today already have fairly robust offline rewards programs that help them navigate the needs of evolving workforces. However, in today’s competitive world, having a manual total rewards program is not enough. Lending measurability to the same is essential and something that can only be accomplished with the help of a digital platform. The C-suite wants to see returns on investment and impact of employee engagement on the bottom line. McK­in­sey found that ​‘CEOs who insist on rig­or­ous­ly mea­sur­ing and man­ag­ing all cul­tur­al ele­ments that dri­ve per­for­mance more than dou­ble the odds that their strate­gies will be exe­cut­ed,…

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Using Nominations to Boost Holistic Recognition

28 January, 2021

Using Nominations to Boost Holistic Recognition

The process of inviting nominations is a formal, time-tested method to recognize employee contributions and reward top-performers. Typically, firms encourage nominations for outstanding achievements which result in awards for employee of the month, quarter or year. Nominations in recognition programs serve as a signal to employees across levels on the kind of behaviors and organizational alignment that the executive management of a firm is looking for. Having a well-structured nominations module integrated with your total rewards program comes with significant advantages: 360 Degree Evaluation: Nominations can be top-down, bottom-up or peer-based. Earlier, corporations would allow for only senior management or…

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Improving Employee Engagement Using Maslow’s Hierarchy of Needs Framework

11 January, 2021

Improving Employee Engagement Using Maslow’s Hierarchy of Needs Framework

Maslow’s Needs Hierarchy is a powerful, holistic roadmap from which one can understand the needs of the modern workforce. With the post-COVID economic slowdown, talent optimization has been a business priority. Maslow’s theory helps with just that- it helps organizations hone talent and improve employee engagement through the right kind of gratification. Maslow’s theory comprises of a pyramid with 5 levels- Levels 1 and 2 comprise what we call the bare minimum or basic needs of a human being like water, food, shelter, financial security and stability. Levels 3 and 4 are higher-order needs which are more psychological in nature…

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