BlogTags - rewards and recognition program

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…

Read More
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…

Read More
Engaging Off-roll Workers Effectively Through R&R programs

5 August, 2021

Engaging Off-roll Workers Effectively Through R&R programs

Off-roll employees form a major part of today’s workforce, be it offshore engineering teams, factory workers, agents, secondary sales channel partners or dealers and distributors. However, in recent years, it has become crucial to engage this cohort of employees owing to high attrition rates and the often challenging nature of work. In particular, industries like manufacturing, construction, automotive, logistics and pharmaceuticals are labor intensive and need their contractual workers to do the same type of monotonous labor day in and day out. While wages are an important factor for their job satisfaction, there are multiple other reasons they remain loyal…

Read More
Digital Engagement Tools to Create a Collaborative Work Culture

22 July, 2021

Digital Engagement Tools to Create a Collaborative Work Culture

Collaboration is a highly regarded virtue for business success, especially in today’s times when the very definition of working together has changed. There are no more shouts across cubicles, conference calls don’t involve a conference room and onboarding just means logging into multiple applications and tools. Having said so, collaboration tools are the fulcrum of modern work culture and help facilitate connection, establish transparency, boost productivity and enhance employee engagement. This blog talks about the importance of a connected culture and the role of digital engagement tools in bringing such a culture to life. Transparency and Trust An organization which…

Read More

  • Category

  • Tags

  • Category