An employee of the month scheme has become a staple part of employee recognition for most companies. Employee recognition is fast becoming integral for many workforces, research suggests organisations, where recognition occurs, have 14% better employee engagement and productivity than those without. With an end in sight for COVID-19 restrictions more and more people may be returning to the office in the upcoming months, this presents an opportunity for employers to rethink the employee experience and ensure employees return to work with renewed motivation.
The COVID-19 pandemic has allowed employees to shine and demonstrate the huge value they bring to their organisations. With limited face-to-face connections more and more companies have realised the importance of reward and recognition and how crucial it is to show appreciation to your workforce.
Following the impact of the Covid-19 pandemic, 45% of organizations have made or are planning to make significant changes to their benefits and reward programmes, whilst 23% are looking to improve voluntary benefits and implement perks at work. When it comes to rewarding employees there is no ‘one size fits all’ it is worth taking into account that different employees value different benefits, so offering a range of rewards for people to choose from is a beneficial way to keep employees happy and motivated.
Achievers Workforce Institute conducted a survey in June 2020 of over 1000 employees to see how companies addressed their people and culture in light of the covid-19 pandemic, the survey revealed 40% of respondents claimed they don’t feel appreciated for the work they’ve done, with one in three employees reporting not having received any recognition for their efforts within the last three months.
Figures like these reveal why it is more important than ever to reward and recognise your people.
Here at Each Person, we know that it’s the employees that keep companies in business and when they are recognised and rewarded they work harder, smarter and stick around longer. Each Person is a simple employee reward scheme that ensures employees feel appreciated and valued. Our platform offers a range of rewards that cater to everyone, employees have the opportunity to choose from a range of rewards that they value using Epoints. Alternatively, we offer Ecards as a simple way to say thank you for your hard work as well as employee vouchers that people can use across a range of online retailers.
Companies cannot afford to become complacent when it comes to showing appreciation to their employees, Each Person provides companies with an ideal solution to offer flexible benefits to employees in a simple and cost-effective way.
To find out more about how Each Person can improve your rewards and recognition scheme, visit eachperson.com or contact us at [email protected].
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