BlogTags - rewards and recognition program

21 February, 2023

7 Fresh Ideas to Make the Most of Employee Appreciation Day

Employee Appreciation Day is round the corner, and it represents a golden opportunity for organizations to express gratitude and give thanks to their most important asset- its’ people. The art of employee appreciation has been practiced since time immemorial; however, it’s importance has come to limelight in recent years amid economic turbulence and professional disruptions, mainly the ‘Great Resignation’. Research shows that companies with a strong recognition framework have 31% lower voluntary turnover and 72% of businesses agree that employee recognition positively impacts engagement. These statistics make a strong case for why your organization needs to double down on employee…

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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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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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6 May, 2022

A Guide to Modern Employee Recognition Programs

The past few years have accelerated digital transformation across sectors, including the HR industry. A crucial subset of HR is rewards and recognition, which has gained immense traction as volatile uncertainty and high turnover grapple the corporate world. The advent of digitization coupled with the fundamental shift in employee mindsets has prompted organizations to rethink and redesign their R&R frameworks so as to accommodate a tech-oriented, people-centric culture. Building an apropos digital R&R program need not be cumbersome; by incorporating a few key elements that amplify the effect of appreciation, organizations can craft meaningful recognition strategies that keep employees engaged…

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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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4 March, 2022

The changing role of CHROs in the brave new world of work

With the news of Leena Nair, CHRO- Unilever, becoming the global CEO of the French luxury brand Chanel, a wave of jubilation ran across the Indian HR fraternity. Have HR leaders finally gained recognition as business leaders critical to organizational strategy? The research points to this truth being known for some time now. Consider the study by Korn Ferry, an executive placement firm responsible for hiring global CHROs, conducted in 2014. It clearly states that apart from COOs, the leadership traits of CHROs match those of CEOs most closely. The rise of Mary Barra from VP-HR to CEO of General…

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23 February, 2022

A Brief Guide on Employee Appreciation for Your Customer Support Teams

Customer support is crucial to customer satisfaction, retention and in turn, loyalty. But often, customer service teams are among the least visible and appreciated part of an organization. With heightened customer expectations and steep targets to live up to, these executives work in a high-pressure, low gratitude environment. Coupled with erratic work hours and the emotional drain associated with accepting criticism and negative feedback, it’s a veritable pool of disaster unless organizations step up to actively mitigate burnout and dissatisfaction among them. Reward and recognition programs targeted towards all employees in an organization often fail to address the special needs…

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