HOW TO ADD LOW-COST REWARD IDEAS TO YOUR RECOGNITION STRATEGY

AUTHOR: Alexandra Powell, Director of Client Culture and Engagement at Reward Gateway

With work teams increasingly distributed, regular means of recognition is a great way to break through the background noise to create moments of appreciation. Rewards are coming up more and more for our clients as a technique to elevate those higher impact moments.

If you already have forms of non-monetary recognition, you’re off to a great start. In a 2021 we found that 73% of people looking to leave their job would stay if they were recognized more. But on the flip side of that, not everyone is doing it right, with 54% of employees feeling their boss should do more to appreciate them.

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Reward can be the missing piece to creating a more consistent culture of recognition, and the data supports this, with 84% of employees saying it’s important to receive rewards for their efforts.

So how can companies build rewards more intentionally into their recognition schemes? Click here to find out.