BlogTags - employee R&R program

Tailor your R&R Platform to Reflect your Organizational Culture

15 February, 2022

Tailor your R&R Platform to Reflect your Organizational Culture

Your organizational culture is the formula, the DNA that dispenses guidelines, boundaries, and expectations for all your stakeholders. It is also the most powerful resource you have at your disposal, to attract, recruit, and retain top talent for your business. A positive company culture today is unfortunately the exception rather than the norm, but progressive organizations realize the pivotal role it plays in clearly differentiating a business from its competitors. One can make the most of company values and ethics only when they are ingrained to the core of every business facet- especially the ones that cater to workforce development.…

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The Synergy between Organizational Culture and Employee Retention

28 January, 2022

The Synergy between Organizational Culture and Employee Retention

‘No company, small or large can win over the long run without energized employees who believe in the mission and understand how to achieve it.’ Building on the words of business tycoon Jack Welch, this blog navigates through the profound synergy between Organizational Culture and Employee Retention. Corporate culture is widely considered a simple, straightforward component of an organization which often leads to core values being understated or even ignored. However, the inevitable truth of the matter is- Company values can be a powerful tool for employee commitment when nurtured into the guideposts of the organization. The Impact of Company…

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The importance of kindness in the workplace

30 December, 2021

The importance of kindness in the workplace

“An act of kindness, however small, is never wasted.” A simple gesture of warmth and goodwill is by far the most underrated means of creating a well-functioning workplace. Employee engagement has rightly become a complex endeavor in leading organizations. However, it is useful to remember why it all began in the first place- to help human beings feel cared for, valued and feel like they belong. In other words, even the best made management plans can fail if robbed of kindness. This applies to dealings with customers, employees or channel partners. Traditional management theories have hardwired the importance of short-term…

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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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What categories do you need in your RnR framework?

19 October, 2021

What categories do you need in your RnR framework?

Digitizing R&R processes has almost become a default in the Indian corporate landscape over the past year. Each organization, however, has unique R&R requirements based on its’ industry, size, geographical spread, workforce demographics, organizational culture and so on. This makes it imperative to customize any R&R software to not only fit but enhance the firm’s unique work culture. This blog is a general guide on one of the first steps in creating a digital R&R platform, that is, building a framework of reward and recognition categories. Types of Recognition Categories When deciding on recognition categories, multiple lenses must be used…

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Using Nudges to Boost RnR Platform Adoption

5 October, 2021

Using Nudges to Boost RnR Platform Adoption

Nudges are ways to rearrange one’s environment to encourage a particular response. According to the revolutionary founders of the Nudge theory, a ‘choice architecture’ can influence us to pick a better choice for ourselves, thereby forming healthy habits. We already know through behavioral science that humans are primarily emotional beings and often make irrational decisions based on their subconscious mind. Decision-making is a tedious process, right from what to eat to which email to respond to. Therefore, to ensure our survival, our brains have developed ‘instinctive shortcuts’ to help us take micro-decisions faster. In other words, if there’s an easier…

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Using Positive Reinforcement to Boost Organizational Values

17 September, 2021

Using Positive Reinforcement to Boost Organizational Values

Positive reinforcement is a time-tested behavior modification technique that has been known to promote desirable behavior, especially among young adults and learners. It is based on the concept of operant conditioning in psychology- which dictates that behavior is influenced by the external consequences to one’s actions. In other words, rewards or punishments determine whether or not one is going to perform an action. This simple concept is the reason why children complete their homework, for example (to prevent a note from the teacher) or perform well in exams (to get a treat of their choice from parents). While the former…

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Why a One-Size-Fits-All Employee Rewards Program Won’t Work

14 September, 2021

Why a One-Size-Fits-All Employee Rewards Program Won’t Work

In today’s times, our workforces are more diverse and distributed while the talent market is more competitive than ever before. An employee rewards program thus needs to be more dynamic and employee-centric if it hopes to meet the firm’s engagement and retention goals. Traditionally, HR and admin teams from businesses have made decisions on benefits packages, corporate gifts, performance incentives and the like. However, this approach is redundant for the following key reasons: Multigenerational Workforce From 2020 onwards, there are officially 5 generations that have been working together in the workplace. This statistic is mind-boggling. Different age groups naturally desire…

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