How to Foster Employee Loyalty
Compensation: Compensating employees can take many forms, and in order to foster employee loyalty compensation should extend beyond a paycheck. Standard payment is important, however finding innovative ways to compensate employees will help maintain loyalty among your workforce. Using spot rewards, like small denomination gift cards to popular retailers like
CVS/Pharmacy,
The Cheesecake Factory and
The Limited is a great way to show employees you noticed extra effort on a specific project, or appreciated them staying late one night.
Environment: Creating a comfortable environment where goals are clearly stated and communication is clear between peers and from managers to their team is key in creating a culture of loyalty. Working hard and having fun as a team will form relationships and camaraderie that foster loyalty, job satisfaction and improved productivity.
Combat Workplace Stress with Health and Wellness Programs
Workplace stress is an increasingly common issue, affecting both employee well-being and company performance. According to the American Institute of Stress, job-related stress is the primary source of stress for American adults, with 83% of U.S. workers reporting stress-related symptoms. This stress not only impacts individual health but also costs American businesses a staggering $300 billion annually due to absenteeism, turnover, and reduced productivity.
Employee Recognition the Right Way
Everyone knows how valuable it can be to practice employee recognition across an organization. The key is to execute an employee recognition program the right way, if your employees don't feel recognized or are not comfortable with the recognition method, your organization is not going to get the ROI it is looking for by way of increased productivity, increased job satisfaction and high retention rates. Here are 3 key ways to make sure your employee recognition program is working for your organization and its employees.
Universities Manage Rising Health Care Costs with Wellness Programs
Big companies, small businesses and even colleges are making necessary changes as they prepare to comply with the Affordable Care Act. Employees at the University of Minnesota are looking for ways to reduce their health care premiums and the university has provided them a way, in the form of their University Wellness Program. When employees participate in the Wellness Program they are awarded points for completing healthy activities and can save up to $400 on their premiums in a single year. But it’s not all about the money. While employees enjoy the lower premiums, the University sees the potential in investing in their employees’ health and wellness as a way to increase morale and retention. Keep reading more about the University Wellness Program in,
As health care costs increase, University employees try to save, from Minnesota Daily. Want to kick start your Wellness Program? Health-focused incentives are a great way to reward healthy behavior in a positive way, gift cards to Whole Foods Market or CVS/pharmacy help keep employees on the right track outside of work.
GiftCard Partners Launches New Service Suite
GiftCard Partners' services help retailers optimize their programs and grow their business.
Wellesley, MA – August 14, 2013 – GiftCard Partners (GCP) has been a trusted source and recognized leader in the gift card industry for more than a dozen years, offering a wide assortment of the finest brands to the B2B marketplace, including CVS/pharmacy, The Limited and The Cheesecake Factory.
GCP’s new services expand their focus into the broader prepaid industry, while diversifying their offerings to retailers. These services were born from GCP’s clients finding gaps that retail organizations often find when looking to audit and optimize many of their key programs.
“Our deep rooted relationship with clients allows us a rich understanding of their needs and pains, finding organizational gaps that are holding back some of their most important and lucrative programs from growth," said Ed Shulkin, GCP’s Co-CEO. "These new solutions will help retailers’ expand their business with our competitive intelligence processes, retail experience, and the sound marketing advice we are known for."
GiftCard Partners’s new programs are designed to fill resource gaps and gain competitive edge by increasing the effectiveness of in-store gift card programs, loyalty programs, 3rd party gift card management, and technology relationships. These services are offered to current GCP clients and retailers at large. The new services include:
