BlogTags - Channel Incentive

How Emotional Stamps Influence Employee Engagement & Retention

23 July, 2020

How Emotional Stamps Influence Employee Engagement & Retention

In the previous introductory blog, we had discussed the significance of Behavioral Economics in creating a scientific framework for employee engagement, total rewards and recognition frameworks. Multiple psychological factors are at play when employees think and behave in a certain way in the workplace. We need to harness this knowledge to encourage better performance and improve levels of employee engagement. In this blog post, we will talk about a specific cognitive phenomenon- Emotional Stamps and their significance in creating the right kind of employee rewards program to attain greater ROI. To understand this better, let’s first talk about how human…

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Behavioral Economics: The Science Behind Rewards and Recognition

1 July, 2020

Behavioral Economics: The Science Behind Rewards and Recognition

Behavioral Economics is a fascinating discipline that uses insights from psychology and neuroscience to challenge assumptions made by traditional economists about human behavior. An assumption that human beings always behave ‘rationally’, i.e., in their own best interest, has failed to explain real-life actions of individuals in general. This enhanced understanding of human beings as ‘emotional beings’ is now being extensively used by top organizations around the world to inform policy decisions, business processes and even workplace design. One of its important contributions has been developing a scientific framework for keeping employees, customers and channel partners engaged in the workplace. Connecting…

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Employee Engagement Activities for Remote Employees

12 June, 2020

Employee Engagement Activities for Remote Employees

With increasing market competition and rising attrition, employee engagement has been a central focus of HR leaders globally. In the current context, these problems are exacerbated. With COVID-19 still affecting majority of industries, the doom and gloom of adjusting to social distancing and remote working doesn’t seem to be abating anytime soon.  Many employees are experiencing burnout and managers are struggling to get work done. In fact, recent research conducted by the Harvard Business Review states clearly that productivity is lower when employees work from home and especially when they are forced to work from home. While many organizations have…

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5 Unique Ways to Appreciate Remote Employees During Times of Crisis

27 May, 2020

5 Unique Ways to Appreciate Remote Employees During Times of Crisis

We are living through an unprecedented social era- a time when the busiest streets are deserted, the grandest establishments look dim and the most ambitious businesses are downsizing. Parents are stretched between chasing work deadlines and homeschooling their children. It is during challenging times like these that the mettle of an organization is put to test. With stress and anxiety at an all-time high, appreciating and recognizing your employees is of greater importance than ever before. With a largely remote workforce, organizations need the ability to perform these recognitions with the help of a robust digital employee recognition platform. Keeping…

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Employee Retention in the Modern Age

7 October, 2019

Employee Retention in the Modern Age

Just the other day, I met a senior HR executive at an HR Tech conference. He was one of the first delegates to visit our stall. He said with a warm smile – “I appreciate the work you guys are doing. After all, it’s very difficult to retain employees nowadays. No one is willing to be loyal to their companies!” I smiled and nodded at him, feeling almost pitiful for him, who was lamenting the passing of a bygone era, one of the limited employment opportunities and doing the same work till his retirement, with no technology to replace his…

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How to measure the impact of your employee rewards and recognition program?

23 September, 2019

How to measure the impact of your employee rewards and recognition program?

Employee Reward and Recognition programs help you make data-driven decisions for your engagement strategy. However, you must define and measure your employee engagement program. Do you consider the total number of handshakes between employees on your R&R platform and is it important? What about participation in company events and CSR activities? An efficient R&R platform should produce analytics and data that will help you define the following:

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Why Digital Employee Recognition is critical for Quick Service Restaurants

23 August, 2019

Why Digital Employee Recognition is critical for Quick Service Restaurants

Quick Service Restaurants or QSRs, plainly referred to as fast food chains, is a massive and competitive industry. Along with standardized product quality, it is the quick and friendly customer service they provide that attracts a heavy footfall to their stores. The employees in these restaurants work in a fast-paced, high stress environment where the company’s reputation and customer retention rate rests on their shoulders. They need to be alert, responsible and creative when it comes to customer service. QSR giants have understood this and have adopted Rewards and Recognition (R&R) practices for keeping their employees motivated; these can range…

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Inculcating the core values in your workplace

12 July, 2019

Inculcating the core values in your workplace

Organizations that follow their core values and principles build a strong team foundation and an even stronger organizational culture. However, the moral value of an organization can be easily lost in the hustle of a busy workday. Imbibe core values by converting them into a specific, behavioral example. In addition to this, create a model of values for the organization and rewarding behaviors that demonstrate each value. Thus, constantly reminding employees about the core values of the organization and how to work towards those principles. It helps employers to observe behaviors and manage the organization’s brand and standards. Let’s discuss…

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