How to Reward Employees without Breaking the Bank
Rewarding employees within a tight budget is a common challenge in today’s HR climate. Employees want perks and employers want to maintain employee satisfaction and loyalty without going over budget on those employee perks. Here are three ways to reward employees without breaking the bank.
The Return On Employee Recognition
Employee recognition programs typically make up just 1 to 2 percent of the total payroll budget on average. The return on employee recognition can be much higher and you don’t need a large budget for your program to make it best-in-class. Employee recognition can improve engagement, retention, and create a stable staff environment, according to Katie Scott of Globoforce. Discover 3 ways to see a return with your employee recognition programs.
How True Leaders Celebrate Employee Recognition
A recent SHRM study shows that employee recognition is not just a theory; it's a key part of any company culture-building exercise. Employee recognition is something that HR teams should be looking at as a retention strategy to reduce employee turnover year-over-year at their organization. Here are three ways to celebrate employee recognition:
3 Tips To Increase Employee Loyalty
Employee loyalty can be considered a dying principle in today’s professional environment. However, all organizations are looking to increase employee loyalty and lower their turnover rate.
How to Motivate Your Sales Team with Gift Card Rewards
Motivating your sales team is an essential component of your organization’s overall success. A highly motivated sales team is more engaged, experiences lower levels of absenteeism, and is better equipped to acquire and maintain loyal clients. However, motivation isn’t a one-size-fits-all approach; it requires a combination of recognition and appreciation tailored to the unique preferences of each salesperson.
