The discretionary effort and high performance of an organization’s workforce must be rewarded and it is essential for incentive programs to be structured in such a way as to properly link the achievement with the reward. But traditional compensation models have their limitations; particularly in their failure to maximize employee potential. Over the course of an employee's lifecycle there may be a tendency to take for granted the basic compensation packages they were offered at the time of hire. Therefore it becomes necessary for the organization to provide the extra incentives for those that demonstrate a willingness to go the extra mile.
To this end, having the right type of incentives is just as important as having incentives in the first place. The use of gift cards in rewards and recognition is a proven method of providing an array of incentives and instills a greater intrinsic motivation to continue the hard work when it is clearly paying off.
You will learn:
To understand the research behind what makes non-cash awards effective
How to apply recent studies to your rewards program to improve its impact
Tools to benchmark your program against other R&R programs
Employee engagement is broadly recognized as a key driver for higher performance and bottom line growth in organizations. And yet, many struggle to make progress in this area. This HCI Solution Suite is based on ...