BlogTags - employee rewards program

15 September, 2023

Positioning Empathy as a Core Value Using CSR

In the fast-paced world of business, where competition often takes center stage, it’s easy to overlook the value of empathy as a core organizational principle. However, as Tim Cook emphasized in his 2017 MIT commencement address, empathy should not be relegated to the sidelines of our careers. Research consistently shows that empathetic workplaces reap numerous benefits, including stronger collaboration, reduced stress, higher morale, and increased resilience during challenging times. But the question remains: how can organizations truly integrate empathy into their culture, ensuring it’s not just a lofty ideal but a daily practice? The answer lies in understanding the dynamics…

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12 July, 2022

Experiential Rewards in an Employee R&R Program: A Guide

Do you have a rewards and recognition program in place at your organization? If not, are you looking to introduce one? Whether you are in the ideation or implementation phase, it’s important to deliberate upon the types of rewards that you include in your R&R framework. The traditional set of physical products, digital vouchers, and cash payouts are all good choices, but what makes an R&R program stand out? Enter Experiential Rewards, the type of rewards that give your employees something to do, rather than just buying an item off the grocery checklist or paying the electricity bill. This blog…

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14 June, 2022

Digitizing Award Nomination in Your R&R Framework: A Journey Guide

Do you have a teammate that has delivered exceptional performance in this quarter or has contributed in a significant manner to a team project? Do you deem him worthy of being awarded for the same, and if so, how can you materialize your opinion? The answer lies in the most advantageous feature of employee awards- Nominations. An indispensable precursor to disbursing an award is the selection of the most adequate candidate from the shortlisted ones and this selection process can be a scrupulous endeavor. This is why nomination serves as a core prerequisite to the final outcome- a successful employee…

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10 June, 2022

5 Tips to Enhance Your Employee Rewards Program By Leveraging Employee Milestones

Employee rewards programs today look vastly different from those of the era gone by. Traditional R&R programs were highly formal, top-down and impersonal. Perhaps the highlight of one’s career would be a souvenir received after serving 10 or 20 years in the same organization. Needless to say, things have changed today. Newer generations at work, particularly millennials, are highly disengaged and don’t stay beyond a few years with a single organization. According to a Gallup study, 21% millennials have reported switching jobs in the past year and 6 in 10 millennials are open to new job opportunities. In such a…

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22 March, 2022

Purpose: A Key Driver of Employee Engagement

‘The highest challenge inside organizations is to enable each person to contribute his or her unique talents and passion to accomplish the organization’s purpose.’ Building on the words of eminent author/businessman Stephen Covey, cultivating a purpose-driven workforce with mutually beneficial aspirations is a momentous challenge faced by businesses across the globe. It should come as no surprise that employees who feel a sense of purpose in their work tend be happier, healthier, and more productive. Thus, instilling a higher purpose and making employees aware of their contribution to organizational success is crucial to ensuring consistent and substantial employee engagement. The…

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11 March, 2022

How appreciation can reverse the Great Resignation trend

The great resignation is a term used for a massive movement among workers around the world to quit their jobs- 24 million people quit their jobs in the second half of 2021 alone as per the U.S Labor Bureau Statistics. The reasons behind this ongoing trend are multiple, but they all boil down to a single contention- workers are no longer feeling valued and appreciated at their workplaces. Companies are well aware of the cost they pay for attrition. It takes 1.5-2X of an employee’s salary to get a replacement. This is exclusive of the impact on client relationships, team…

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25 January, 2022

Top 5 actionable employee retention trends in 2022

The past year ushered in a plethora of challenges for companies, from steering a remote workforce to operating during a global pandemic. On the parallel, a new challenge has emerged- employee retention. To reiterate, one in four workers quit their job in 2021 amid the wave of great resignation, a pattern that shows no signs of subsiding in 2022. The talent scarcity and supply chain crisis is bound to impact the economic outlook over this year as well, coupled with a fundamental and seismic transposition of power between ‘employee’ and ‘employer’ markets. HR in the past was mostly focused on…

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20 January, 2022

Features to Consider while choosing an Employee Engagement Software

Selecting the right employee engagement software can be pivotal to supporting your retention goals and creating the right digital employee experience in today’s VUCA world. Whether you’re looking for a better way to keep your workforce engaged or searching for a checklist for the right R&R technology vendor, you’ve come to the right place. This blog will help you in identifying your exact problem statement and list the key features offered by a premium technology provider. Problem#1 You want ideas on implementing a new R&R Framework from scratch An engagement technology partner works with multiple firms- often cultural leaders- to…

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