Employee Reward Programs
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Contrary to popular belief among executives and HR professionals, employees that receive compensation, bonuses, profit-sharing and merit benefits as part of their employment experience feel the company is only interested in their basic survival. Employees that are gifted trophies and plaques actually resent the commemoration attempt and describe it as one that is only meant to make the bosses feel good. As customers have become more demanding about being heard by enterprises that they support, employees have become discontented with being treated like a cog in a machine.
Reward and Recognition Programs based on points-based systems are much more appreciated than the reward methods listed above if the points can be redeemed by the employee for items that are not normally available or sold by the company. These points-based rewards programs can be implemented for both individual and team rewards based on your needs. By creating a customizable program, RewardCo allows you to recognize both kinds of efforts effectively, creating momentum for effective collaboration with coworkers as well as excelling on your own. Individuals can also award peer-to-peer points, as well as points to their immediate managers for their assistance, guidance and just making life easier at work.
Likewise, non-competitive points awarded by managers for positive behaviors such as being polite to customers, notifying the sales department of a customer’s interest, and contacting a referral by email or phone within 24-hours.