05 Feb 2020
Employee reward and recognition (R&R) has come a long way! In the “good old days”, companies would usually award employees with a pat on the back and an envelope stuffed with cash. Oh boy, how times have changed!
According to the Harvard Business School, companies based in the United States roughly spend in excess of R1 trillion on cash and non-cash rewards each year. Simply put, R&R is BIG BUSINESS!
However, is throwing money at employees enough these days to keep them happy? Does it help with staff retention, especially in this tough economic climate? The simple answer is no. According to the same report, despite this huge spend, over 80% of American employees feel they are not adequately recognised or rewarded.
As a business owner, can you seriously run a successful company and keep your best staff without an effective R&R programme? Nope, don’t even think about it!
A successful R&R programme must include the following elements:
-Visible recognition to create excitement amongst staff
-Generates a culture competitiveness
At WOW Enterprise Performance Solutions, we believe that a motivated employee is a productive one. Therefore, we provide our customers with the best and most cost-effective R&R programmes. These are tailor-made to meet needs of any business, and specifically designed to successfully motivate staff and change their behaviour.
We also have frequent communication about what needs to be done to be recognised on the programme simple motivational messages enhance engagement and behaviour change.
Here are some of tried and trusted R&R modules we can offer you:
-BACK-PAT: This is staff recognition straight from management. It results in superb and instant trust and is a remarkable morale booster that results in incremental improvements in performance.
-DESKDROPS: Instant engagement via an attention grabbing deskdrop-gift that helps build a specific team value ethos or target and ensures that programme participants internalise company or brand values.
-TROLLEY DASH: This focuses on creating excitement at the end of a quarter. A selected number of top performers dash around a retail outlet for a short period of time filling their trolley with desired items.
-CELEBRATE: Great for driving steady incremental improvement. Teams win celebrations when they consistently achieve selected short-term goals. Winning teams decide how they want to celebrate.
-SCRATCHCARDS: Simple but powerful, Scratchcards are a largely admin-free solution that give low-cost, but significant and tangible recognition to winners. Instant rewards are given for great behaviour.
Contact us today to see how we can help your business thrive!