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While most companies talk about employee perks, benefits, incentives, gifts, awards, and rewards in the same breath, the truth is, they each have their distinct characteristics and impact people in different ways. But not recognizing or rewarding your employees at all will make you lose your credibility as an employer.
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Basically, we introduced a new reward system for employees. This corporate initiative marked a transformative shift in recognizing and rewarding our team for their hard work and achievements. A meta-analysis of employee reward programs found that competitive reward programs produced a 27% gain in employee performance.
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25 Custom Reward Ideas for the Remote Employee. Online platforms like Elfster and DrawNames make it easy to do Secret Santa no matter where your team is working. This is a great activity that can include the entire team. This year, consider using your holiday party budget to buy your employees a high-end gift.
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This blog is to discuss gift vouchers for employees. What we’re going to talk about is how to make gift vouchers work for employee recognition and, in general, how to do a bonus and acknowledgement system in the right way that increases employee engagement. Aren’t sure? Well, ask them already!
National Employee Appreciation Day: Friday, 3 March, 2023. Do you want to boost your employee retention and overall productivity? One of the best practices is employee appreciation for inspiring your team and making them feel valued. Why it is important to make employees feel appreciated.
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As the job market continues to evolve and employees seek companies that align with their values, companies must implement effective strategies to keep top talent engaged and loyal. Lets get started with actionable, real-world solutions you can start implementing today. Gone are the days when employees only cared about their salary.
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