BlogTags - employee R&R program

Employee Rewards and Employee Recognition: What’s the Difference?

22 August, 2022

Employee Rewards and Employee Recognition: What’s the Difference?

While offering competitive pay is a crucial part of talent acquisition, recruitment, and retention; a transactional paycheck alone does not suffice. Proactive HR leaders now understand that adequate compensation accompanied by a well-rounded rewards and recognition program with ample employee engagement initiatives is what paves the way to a holistic employee experience. Although, more often than not, the terms ‘rewards’ and ‘recognition’ are used interchangeably, which can be a conundrum when it comes to designing your own R&R framework. For instance, a common question that may arise is- when is a reward appropriate and when is recognition the way to…

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HR Challenges in the Hybrid Era: How Technology can Help

11 August, 2022

HR Challenges in the Hybrid Era: How Technology can Help

A clear trend of employee burnout and attrition has emerged over the past few years, as a result of momentous socio-economic crises and global upheavals. Organizations across the globe have been striving to get their bottom line on track and keep their sustainability in check by adopting flexible working models, initiating people-centric rewards and recognition programs, and focusing on holistic employee engagement. However, HR leaders have been facing the inevitable brunt of these circumstances as they are expected to spearhead workplace transformation, smoothen the shift to hybridity, and tackle the Great Resignation; largely on their own, which has resulted in…

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Supercharge your R&R Framework with Gamification

6 July, 2022

Supercharge your R&R Framework with Gamification

The intersection between game design elements and human psychology is a well-versed narrative. The dopamine rush and the innate desire for accomplishment is deep-rooted in the foundation of games as they tap into our natural competitive spirit. In the modern workplace, this technique translates to gamification, aptly defined by Gartner as “the use of game mechanics and experience design to digitally engage and motivate people to achieve their goals”. However, successful gamification of employee experience requires a careful consideration of the ideal behaviors and performance metrics that need to be promoted among various business departments. Any gamified digital tool must…

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How to Design the Perfect Employee Rewards Catalog

29 June, 2022

How to Design the Perfect Employee Rewards Catalog

Over the years, employee rewards have substantially evolved to include more than just work anniversaries, annual recognition awards, or employee-of-the-month perks. Today, a holistic rewards and recognition strategy is considered indispensable to the overall employee experience, as organizations are focused on attracting, engaging, and retaining their workforce in this talent-led market. Ergo, rewards can no longer work in silos; they need to function in congruence with employee recognition, engagement, and performance. Irrespective of the approach you follow while delivering an R&R strategy, a few fundamental factors that need to be crystallized including: Is your rewards strategy aligned with organizational goals?…

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Three Fundamental Types of Employee Recognition

25 May, 2022

Three Fundamental Types of Employee Recognition

There is no denying that people respond positively to being recognized and rewarded. Appreciation induces a cascading effect on employee engagement, productivity, performance, and loyalty towards the organization that consequently impacts the bottom line with significance. As trivial as it may seem in a larger context, employee recognition is undoubtedly one of the most important drivers of business success. However, recognition is more than just a pat on the back from a manager; its’ horizons go way beyond traditional top-down reviews. With the dynamic power shift taking place in the employee-employer markets, it has been realized that positive reinforcement can…

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Diversity and Inclusion in the Workplace: Best Practices

12 May, 2022

Diversity and Inclusion in the Workplace: Best Practices

The business case for diversity and inclusion has strengthened over time, and its’ positive impact is no longer debatable. SHRM appraises diversity as being similar to selecting people for a chorus who have different musical backgrounds, vocal ranges and abilities. The inclusion piece of D&I means making sure that those different voices are heard and valued and that they contribute to the performance. Furthermore, when employees who are different from their colleagues are allowed to flourish, employee retention significantly increases and the company benefits from their ideas, skills and engagement. However, simply creating a percentage shift in your employee base…

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How to Build a Fairer Workplace

9 March, 2022

How to Build a Fairer Workplace

The onset of March marks two important junctures- International Women’s Day as well as Women’s History Month. Evidently, this presents a significant opportunity in the corporate world to assess Diversity, Equity, and Inclusion (DEI) in the workplace as an effort to strengthen the underrepresented groups that form an integral part of your workforce. Inherent social biases including gender, age, ethnicity, caste, sexual orientation, and economic status often deteriorate cultural health; biased favoritism breeds resentment toward favored individuals including the employer. Thus, fair and consistent treatment of employees in the workplace is rudimentary to build trust, deepen loyalty, and spur productivity.…

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Using Rewards and Recognition to Boost Productivity

17 February, 2022

Using Rewards and Recognition to Boost Productivity

This blog explains the significance of appreciating and recognizing your employees and how it can lead to an improvement in productivity. One Recognition can change a life! The single-most career defining moment for me was when I was working as a data analyst in a project involving spreadsheets and calculations. While I was struggling in the project, there came a day when I had to present my findings to the team. After the meeting, my boss walked up to me and said- your data wasn’t that good, but your presentation and speaking skills were amazing! You should actually be in…

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