Best Software Product – Enterprise Solutions at 27th Annual HYSEA Innovation Summit
Best Prepaid Card Solutions at IAMAI India Digital Summit, 2019
Best Prepaid Card of the Year At the 7th Edition of Payments & Cards Summit 2019
  • Redeem Zaggle Propel Card
  • Manage Zaggle Cards
  • Buy Gift Cards
  • We are Hiring!
company_logo
  • no_image Login/Sign Up
  • Gift Card Deals Gift Card Deals
  • Redeem Zaggle Propel Card Redeem Zaggle Propel Card
  • Manage Zaggle Cards Manage Zaggle Cards
  • Propel Propel
    • Overview
    • Solution
    • Pricing
    • Support
  • Edge Edge
  • Save Save
    • Overview
    • About
    • Contact Us
  • Select Select
  • Corporate Corporate
  • Contact Us Contact Us
  • Contact Us Blog
  • Products
    • Zaggle Propel
    • Zaggle Edge
    • Zaggle Save
    • Zaggle Select
  • Company
    • About Us
    • Team
    • Careers
    • Press
    • Contact Us
  • Blog
  • Gift Card Deals
  • Corporate Solutions

  • Cart
  • Login/Sign Up
Menu
Zaggle Blog
  • Sample Page
Zaggle Blog

How to plan reward programs to improve employee engagement at work?

Posted on July 5, 2019November 19, 2020

Employers do not have to wait until appraisal season to reward their employees & channel partners. Employees are one of the most valuable assets of any organisation, and hence there is no harm in taking the time to show that you truly care, especially in the new age competitive business climate.

Several factors influence the organisation’s spending pattern on employee rewards and recognition programs. These include:

Diverse Workforce:

As the millennial’s entering the workforce, their retention is a big problem to the companies right now. Employee reward & recognition programs have demonstrated a positive impact on retention rates.

Employee Engagement:

In the information driven economy, companies depend on employees to do more than their 9 to 5 jobs and engage in non-core functions that ultimately determine the success of key strategic initiatives related to productivity, customer satisfaction and innovation. Maintaining a healthy employee-employer relationship will drive mutual respect and open communication, which helps in overall development of the employee loyalty and engagement.

Each year, according to the Incentive Research Foundation, U.S. companies spend $77 billion to motivate and engage their workforce.

Corporate Spending For Non-Cash Rewards:

Indian Multi National Companies are now eyeing to recruit a huge talent pool and retain them using world class reward programs and continuously motivate and engage them.

Analytics-Driven Decision Making:

Human Resource departments are now using analytics driven decisions that have significantly helped to improve end to end performance of the business. Today, companies can have multiple reward & recognition programs to continuously engage the workforce.

Success of any employee rewards and recognition program requires HR department to answer a few questions because there is no such thing as a one-size fits all approach to developing a successful reward program.

For HR managers to be sure about the success of their reward program, they should answer few questions:

1. What are the different occasion employees like to celebrate?

2. How do you want your employees to feel on their achievements?

3. What motivates employees and partners at a individual level?

4. What type of recognition & engagement activity is being done by the company?

Confused on how it should be done!!

Welcome to Zaggle Reward, Recognition & Engagement Platform: Zaggle PROPEL

Zaggle Propel, an easy to use online platform to manage all your reward programs from a single integrated platform, with hierarchical architecture, to boost productivity, increase profitability and reduced attrition.

Our real-time analytics it gives organisations a better insight for reward budget allocation.

3PEMF- A well thought model to enhance Business performance.

Choose Propel to design, develop and manage the reward programs to increase productivity and employee retention.

admin

1 thought on “How to plan reward programs to improve employee engagement at work?”

  1. Tyree says:
    March 18, 2021 at 6:08 pm

    Hello, I enjoy reading through your article. I wanted to write a little comment to support you.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • 5 Key Pitfalls to Avoid for Building the Best in Your Channel Partnerships
  • Boost Employee Productivity with Expense Digitalisation
  • Effective Channel Partner Incentive Planning for the Pharma Industry
  • Going cashless to simplify employee expenses and payments
  • Tips to attract and retain the right channel partners

Recent Comments

  • Pavithra on How does Zaggle Gift Card Work?
  • Harold on How to Manage Petty Cash for Business Expenses
  • Kiara on 5 Common Mistakes in Expense Management
  • Margene on Peer to Peer Recognition Programs make Rewards and Recognition a Natural Process
  • John on Why Employee Engagement is a must have for any Organization?

Archives

  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • February 2019
  • July 2018
  • December 2017
  • November 2017

Categories

  • Uncategorized

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org
©2021 Zaggle Blog | Powered by SuperbThemes & WordPress

    Our Company

  • About Zaggle
  • Careers
  • Press
  • Partner with Us
  • Contact Us

    Customer Products

  • Gift Card Deals
  • Zaggle Cards

    Products

  • Zaggle Propel
  • Zaggle Edge
  • Zaggle Save
  • Zaggle Select

    Information

  • Grievance Policy
  • Refund Policy
  • Privacy Policy
  • Terms and Conditions
  • FAQs

    Download Zaggle App

  • no_image
Subscribe to get the best offers!

Copyright 2020 Zaggle Prepaid Ocean Services Pvt.Ltd.All rights reserved