How to setup a successful employee rewards scheme?
How to setup a successful employee rewards scheme?
Everyone likes to be recognised for a job well done. Sometimes telling an employee is not enough to be sure they understand how much value they add to your business and how much you appreciate their additional effort. That’s where employee rewards come in. The concept satisfies two business concerns: rewarding employees for exemplary performance and removing the weight of choosing the best reward. It also fosters camaraderie, competitiveness, and positive morale.
Here’s how it works:
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Register your business with Prize Voucher’s employee rewards programme, which offers a wide range of products that employees can purchase, based on your reward budget.
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Select winners based on merit or as part of set preconditioned criteria, for example; high performance, changing behaviour, going above and beyond, living your company values, or sales and target incentives.
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Employees choose from over 5 000 rewards and feel acknowledged and appreciated!
It is that simple!
Tags: Employee Rewards, Reward and Recognition , Staff Incentive, Employee Engagement, Employee Motivation, Rewards Fulfilment