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Four Reasons to Emphasize Employee Recognition

Thursday, April 7, 2016

Published by: Online Rewards Employee Recognition

Companies are consistently looking for ways to improve their bottom line in innovative ways, and businesses are beginning to see the growing return on investing in their employees. There are many ways to incentivize employees, but one of the most popular strategies is employee recognition programs. These programs work to spotlight accomplishments and hard work within the company. There are four ways these programs benefit your company's bottom line.

Employee Recognition

Improved Customer Service

No matter if you run a retail business, restaurant chain, a B2C business, or B2B business, customer service is essential to any company's success. Performance-based employee recognition programs help employees see that you reward those who provide superior service to clients and customers. This gives them more reason to go the extra mile and provide top-of-the-line service for all. Better service often leads to more sales, and employees that are recognized feel a stronger connection to the company goals.

Reduced Errors

On the flip side, employees that know you are focusing on quality products and services for clients will be more aware of their own performance. Not only because they want to be recognized, but also not to fail or cause errors.

Increased Loyalty

If employees are receiving positive feedback and incentives for their performance, they are likely to form a connection with your company that can last for years to come. This reduces employee turnover and guarantees that you have more experienced employees working for you, providing superior services and products.

Increased Quality Talent

If your recognition program is successful, it is likely that word will get around fairly quickly among the employee pool. Employees will be more likely to tell family and friends about their experience working at your business and potentially attract other skilled workers to you to add to your team. It is like having your own virtual recruiter working for you!

Taking a good hard look at improving employee recognition is the first step towards providing your business with the boost it needs in the human resources department to increase engagement, productivity, and profitability.

Benefits of Promoting Employee Health

Wednesday, March 30, 2016

Published by: Online Rewards Health & Wellness

Businesses are continuously looking for the best and brightest employees to add to their team. Finding these employees is one thing, but retaining them and continuing a mutually beneficial relationship can be another. Work can be tiring and stressful, but business owners are looking for new ways to reward employees for good work in innovative ways. Today, companies now know a healthy employee is a better employee, and are integrating employee wellness programs into their rewards structure. A business that promotes healthier employees also has a greater chance of retaining those employees.

Customer Loyalty

More Energy At Work

Employees that are more active and adhere to healthy dietary choices tend to have more energy and motivation. This energy can help your employees be more productive and stay focused for longer periods of time, improving your bottom line. Setting up wellness plans that hold employees accountable for their health choices and reward good behavior can help boost their health and provide a more functional employee on a day to day basis.

Less Sick Days

Many studies have shown that people with poor diets, who don't exercise, or overuse alcohol are consistently sicker than those who try for a healthier diet. This increases the number of sick days that an employee is likely to use while working at your business. Promoting better health choices in a positive manner through virtual rewards programs keeps your employee healthy and helps him or her see their improved health as positive to the business.

Reduced Insurance Costs

If your business offers any type of healthcare, your employee's health affects the premium paid by not only you, but your employee. Pre-existing conditions and health checks of your staff can cause insurance companies to see your employees as high risk, increasing your premiums and taking away from your bottom line.

Happier Employees

Work as a team to complete goals that make positive life changes for your employees. Implementing programs focused on health and wellness will help your employees see that you care about their well-being and not just revenue - likely improving their happiness at work. Improved happiness results in better work and an improved workforce overall.

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