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Follow on Google News | Employee Recognition and the Coming War on TalentEmployee recognition programs address threat of mass employee defection.
By: Incentive Solutions To reduce the loss of valued employees, companies should take measures to increase employee engagement and prevent burnout. Creating a culture of employee recognition is a solid first step, but it must be more meaningful than certificates and service award pins. Well-run employee recognition programs that reward employees for a broad range of desired behaviors (e.g. teamwork, cost saving ideas, embracing core values, etc.) can do wonders for improving morale, engagement and job satisfaction. Running an employee recognition program can seem overwhelming, but there are vendors and systems available to simplify the task. One company is Incentive Solutions, a reward program services provider that delivers online employee reward programs through their RewardTrax® technology platform. In RewardTrax programs, managers award employees points for high performance and positive behaviors; employees can redeem their points for merchandise, tickets to live events and millions of other items. Incentive Solutions handles the technology and rewards end of things and provides expert support. RewardTrax includes a feature set designed to boost the impact employee recognition has on morale, job satisfaction and work engagement: • Manager Banks: establishes manager point budgets for discretionary staff awards • “On the Spot” awards: creates “instant award” certificates that bear point reward codes • Email recognition certificates: • Peer Points: enables employee-to- • Quizzes and surveys: awards employees points for feedback and completing training • Integrated reporting: tracks and reports program performance and budget To minimize talent defection companies must establish an employee recognition culture well ahead of the inevitable economic recovery. A reward program service provider like Incentive Solutions can speed the process, creating a program that will drive worker engagement and satisfaction. # # # About Incentive Solutions Incentive Solutions is a leading provider of business incentive programs, group incentive travel and prepaid card reward solutions. Our customized incentive solutions help our clients motivate behaviors integral to reaching organizational objectives. For more information, please visit http://www.incentivesolutions.com End
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