Loyal Employees Add Growth, Profitability
Loyal employees who are invested in your organization can make the difference between hitting organizational financial and growth goals, and becoming stagnant and not profitable. When employees are not loyal, and are looking to leave it shows in their work and productivity. No company grew and prospered from a workforce itching to get out the door. Your employees are you organization's greatest asset, so use these tactics to keep them engaged and loyal to their employer.
As Employment Improves, Employee Engagement Decreases
As the recession eases, and companies begin hiring again, there is optimism amongst organizations bringing in fresh faces and growing again. However, as we see employment numbers improve we see employee engagement steadily decreasing.
Gamification: How best to implement and leverage it in your workplace
Gamification is now being used across a wide range of organizations for a wide range of uses. Some organizations are using gamification like a loyalty program, the further employees progress in the game, the more bonus or reward points they earn, which they can then use for real workplace rewards, such as gift cards. Other organizations are using gamification to help employees manage health and wellness programs, placing employees on teams to create a healthy competitive atmosphere where employees can help push each other further down the path to a healthy lifestyle. Some employers are looking to make gamification fun, others are more focused on achieving the goals of the game. However you use gamification in your workplace it is important to offer real rewards to employees as a result of the game, so the motivator actually affects productivity, loyalty to the organization, and long-term retention rates. It is also important to use the metrics gamification systems offer to ensure the goals for your program are being met. There metrics prove the ROI for these employee incentive and rewards programs, and are what will make them sustainable into future years, and budgets.
For more information on maximizing gamification in a number of different ways, check out this article in Venture Beat.
Holiday Rewards: Going Beyond the Christmas Bonus
Although the holidays are still 3 months away now is the time to begin planning your end of year employee rewards. For many companies money is still tight, and often end of year bonuses are still not in the budget. There are still many effective ways to reward your employees at the end of the year. These rewards are the most important rewards you give all year, as they are what will motivate your workforce into 2013. Many companies give out gift cards during the holiday season, often to restaurants like the
Cheesecake Factory. These cards allow employees to enjoy a meal out with their friends and/or family, helping to ease their seasonal financial constraints. Other organizations are giving out gift cards to promote healthy living such as the
CVS/pharmacy Select card, to help employees make good on their New Year’s Resolutions. Other organizations wait until the craziness of the holidays has subsided and throw a big party for employees in January, offering a chance for employees to decompress and enjoy spending time together, outside of the office. However you choose to reward your employees this holiday season, ensure that the rewards you choose are effective in motivating and rewarding your workplace demographic. Give the employees what they want, so they can continue to use their expendable energy on reaching company goals in 2013.
For more information on how best to reward your employees this holiday season check out this article in British Marketing Week.
