Rewarding employees for their contributions to the organization goes a long way in improving their productivity. When employees are recognized, they feel valued and it improves their morale, besides creating a positive workplace culture. Companies are realizing the benefits of having an employee rewards program like enhanced employee engagement, better attrition rate, and improved efficiency.
As per OC Tanner’s report, nearly 37% of employees claimed that personal recognition motivated them to produce great work. Yet, most organizations are hesitant to design an effective employee rewards and recognition program.
Some of the significant challenges in implementing an employee rewards program are operational overhead, manager bias, and workplace disruption during the period. Companies can overcome this by digitalizing employee rewards and recognition programs through a solution like Zaggle Propel.
Significance of Employee Rewards Platform
Employee rewards program involves a long list of tasks from determining eligibility, selection criteria, employee communication, organizing the program, distributing the rewards, and seeking feedback. Doing all this manually can make rewards program resource-intensive and time-consuming. Companies can avoid this using an employee rewards platform. Some of the benefits are listed below:
- Automating employee rewards and recognition
Using a digital solution allows you to automate almost every phase of the employee rewards program through the customization of criteria and conditions. It can cut down administrative burdens on the HR leaders and senior management while creating a streamlined workflow.
- Access to data and insights
A rewards platform allows managers to assess the success of their employee rewards programs by generating reports and insights into the program. This data can be used to make data-driven decisions and improve the benefits of employee rewards and recognition programs.
- Communicate program details effectively
The success of your employee rewards program depends on how well your team understands its details. The automation platform will form a repository of all the program details. It will also allow you to trigger reminders and notifications to keep them apprised of all the updates.
Automating employee rewards program
Maximizing employee productivity with a robust employee rewards program is important for businesses. It is only when your team’s morale is high that they produce quality work that translates into your business growth. Therefore follow the below steps to automate employee rewards and recognition.
- Offer enhanced employee experience through a seamless onboarding process. Zaggle Propel automates credential verification to reduce operational hassle.
- Configure the policies of your employee rewards program within the platform to create a frictionless process. Employees can easily access the program details, which reduces confusion.
- You will have increased participation if the participation process is easy. For this, you must use the platform to make employee rewards programs a part of their daily operations instead of disrupting their work.
- Using the platform must help you apprise employees of the program objectives and criteria for improved participation. Zaggle Propel allows you to conduct polls, and surveys and make announcements with just a few clicks.
- Ensure that your rewards and recognition program is rooted in your core values, vision, and mission so that employees don’t feel disconnected from the company roadmap.
- Instead of having a singular top-to-down employee rewards program, plan for recognition that creates a culture of appreciation at all levels. With Zaggle Propel, you can implement peer nomination and recognition, which will add to your workplace culture.
- Work on improving the employee rewards and recognition program continuously, so that you can create a program that fosters excellence or the pursuit of it. Zaggle Propel provides you with deep insights and reports that you can use to enhance your recognition program by eliminating any frills or friction.
- Take note of your team’s expectations from the employee rewards program so that your efforts are in line with what they want. For this, you can use Zaggle Propel’s poll and survey features to invite feedback.
Conclusion
Employee rewards program is a potent arsenal for companies to ensure they retain top talent while keeping them engaged and satisfied. It means companies must set a rewarding culture and command trust and loyalty from their workforce. Most organizations want to leverage employee rewards and recognition programs to improve their attrition numbers. However, they need to meet the expectations due to a consistent recognition program. It can be solved by using an employee rewards platform like Zaggle Propel. It is built to help SMEs automate their rewards program in order to maximize their efforts in improving employee morale.
Check out Zaggle Propel today.
