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Four Key Elements for Effective Employee Reward Programmes
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In Singapore, showing your workforce they’re valued isn’t just a nice touch — it’s a game-changer. According to a Randstad Singapore survey, 83% of employees believe that recognition and appreciation at work really ramp up their productivity and engagement.
That’s why it’s crucial to steer clear of one-size-fits-all reward programmes. Organisations need to step up with personalised rewards that genuinely resonate with each employee, moving beyond the standard pay and benefits.
Wondering how to determine which employee rewards work best? Here’s what you need to include in effective employee reward programmes:
Diverse Reward Options
Your employees have diverse backgrounds, interests, and needs, so effective reward programmes should offer a range of options to suit everyone. This includes both monetary rewards like bonuses and gift cards, as well as non-monetary rewards such as extra time off, health and wellness incentives, professional development opportunities, or public recognition.
Of course, there’s always the option to let your employees choose what they want with the ultimate HR rewards solution: the Giftano Card. Tailored to meet the diverse preferences of your workforce, this universal gift card provides access to over 1,000 employee benefits, enabling them to select rewards that best suit their preferences and interests.
The Giftano Gift Card is also 100% customisable to your branding, ensuring a seamless integration with your company’s identity and values not just in Singapore, but also in Malaysia, Thailand, and beyond!
Personalisation
Are you including handwritten notes or custom messages with your employee rewards? You should! Research from Gallup and SHRM highlights the profound impact of genuine appreciation on employee morale and motivation. A personalised letter of appreciation uniquely conveys heartfelt gratitude, fostering a deeper emotional connection between employees and their organisation.
At Giftano, we understand the significance of personal touch in recognition. That’s why we offer personalisation services for your employee rewards. Through our e-greeting cards, featuring options for congratulations, birthdays, Christmas, Chinese New Year, International Women’s Day, and more, you can customise messages to authentically express your appreciation, ensuring your team feels valued and recognised for their contributions.
Timely Recognition
Which would enhance employee engagement and satisfaction more: a one-time S$100 year-end reward or five unexpected S$20 rewards spread throughout the year?
Research by Globoforce indicates that employees who receive frequent recognition and small rewards tend to have higher job satisfaction levels. The size of the reward isn’t the only factor; consistency and thoughtfulness play a significant role too!
Managing regular rewards for events like birthdays and work anniversaries, alongside spot awards for immediate recognition, can be challenging yet vital for cultivating a positive workplace culture. This is where Giftano can assist by enabling you to promptly celebrate milestones and achievements with automated recognition and rewards, rather than waiting for annual reviews.
Make Recognition Multi-Directional
Involving senior leadership in rewards and recognition programmes — and having them publicly acknowledge employee efforts — can make a significant impact. According to Gallup, employees find praise from their manager most memorable (28%), closely followed by recognition from high-level leaders (24%), customers (10%), and peers (9%).
By encouraging leaders at all levels to actively participate in recognising and celebrating employee achievements, companies can significantly enhance the effectiveness of their employee recognition programmes.
UPGRADE YOUR EMPLOYEE REWARDS PROGRAMME TODAY
Creating an impactful employee rewards program is crucial for maintaining high employee engagement and motivation. Giftano provides a cutting-edge solution with its universal and flexible approach, designed to meet the diverse needs of all employees. Simplify your ordering process and accelerate delivery to bolster your employee recognition strategy, ensuring each employee receives authentic and timely appreciation through Giftano.com.
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The Giftano Gift Card is the perfect gift for any occasion.
The Giftano Gift Card enables your recipient to redeem any gift of their choice through a selection of over 1000+ gifts offered by over 150+ premium brands on the Giftano website.
Giftano is an online gifting platform that allows you to buy all kinds of gifts, varying from instant gift cards to experience gifts and gift products online in Singapore. You can find great gift ideas from your favourite restaurants, retail stores and brands on our website and gift it to your friends, family, and loved ones.
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