Creative Ideas for Employee Rewards ProgramsMay 5, 2021
Employee perks are becoming ever-more important when it comes to attracting and retaining the best talent. Indeed, a good rewards program can be essential to Boosting Employee Engagement and increasing productivity. But how do you make your benefits system stand out from the rest?
Well, today, we’re going to discuss some creative ideas for your Employee Rewards Program that could revolutionise the benefits that your company offers!
1. Travel Opportunities
Whilst it’s been more challenging in the age of Covid-19, offering travel opportunities as a result of good work can be a great way of keeping things fresh for your staff. This can also be a solution that offers a lot of variety to companies. Short-term business trips to clients or other branches can be a hugely positive experience. Meanwhile, long-term rewards such as a sabbatical program, or options to move abroad if you’re a multinational corporation, also have a significant impact on Employee Retention.
2. Discount Systems
Many companies offer discounts to their employees, so how can you reinvent this aspect of an employee rewards program? Some creative solutions could include a mystery reward each month for staff to work towards, or offering tangible items from your discount program such as movie tickets or day activities.
Of course, another option could be expanding your system with Access to the Largest Employee Discount Scheme in the World.
3. Flexible Working
Covid-19 opened the floodgates to a remote working revolution and, whilst many are ready to return to the office, some may prefer doing their job from home. Meanwhile, others understandably want more balance between the two.
Thus, having flexible working programs as part of your rewards system will likely be an innovative step moving forward. We’ve even argued that it’s part of the Future of Employee Benefits, highlighting how significant it could be for your company.
4. Reinvent Recognition
It’s easy to overlook this, but employee recognition can have a huge impact on staff wellbeing and the effectiveness of an employee rewards program. So, getting creative with how you reward this can seriously improve company morale.
You could set up an e-card recognition system to say thank-you to employees, and you can show appreciation for good work by rewarding a whole department or team as opposed to individuals. This should encourage co-operation within your workforce, whilst also creating a feeling of value amongst your employees.
To put it simply, Employee Training is an Integral Part of any Rewards Program. It can open your staff up to new experiences, make them feel wanted in your company, and increase overall productivity. Having in-house promotion systems within your benefits system can be a good solution here, as can making the most of Skills Academy Platforms. The more extensive and accessible your training opportunities are, the more that they’ll improve the effectiveness of your employee rewards program!
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