What kind of rewards do you value

Perks are often thought of as additional little treats that make life at work more enjoyable. These range from beer Fridays, to dog Wednesdays, to frisbee Mondays. However, these auxiliary perks are now starting to count for more. Many employees want to better themselves, and the best companies are realising this. So now, perks can include time allowances to learn a new language, join fitness classes, or cycle-to-work schemes. As you may have noticed, many of these more substantive perks will be mutually beneficial, as a happier, healthier employee will contribute to a positive office culture.

If you'd like a little more information on how Perkbox can help your employees lives better both in work and life, take a look here. Rewards provide an opportunity to not only promote productivity but do so in a way that aligns with your company values. To see how Perkbox can help reward your employees for going the extra mile, check out our recognition platform.

Unlike benefits and perks, a key aspect of successful reward management is recognising who to reward. How do you fairly tease apart who has acceptably contributed to a group goal, and who has shone? Reward management can contribute to a thriving company culture. Promote healthy competition to develop individuals, or recognise a team for their quality work. If you do these well, you'll have won reward management.

Your employer brand needs to be well managed and presented by your talent acquisition team. This is because the top talent want to know that they will be getting what they're worth. Are you looking for people who are fine with the employee benefits in the job description and trade that for their baseline time and effort?

Or are you looking for team players that want to help you grow your company? With some extra incentives and mentioning this in the job description you can attract people who are ready to go the extra mile. Retention is one of the three Rs for a reason to implement reward management. The importance of employee retention is hard to overstate.

Moreover, having to replace them can cost you a lot of time and money. There are many ways to retain them , and reward management is integral. Reward management can be directly linked to lower staff turnover, and lower costs for having to hire new people.

In other words: appreciate what you have. If you're looking to build a stronger, more positive company culture, don't forget rewards systems.

The way people are appreciated and celebrated plays a huge role in the mood on the workplace. It influences how your employees talk to each other, and to people outside of the business. A reward system with extra compensation for hard work, shows you're all about positive reinforcement for employees that go the extra mile.

The EVP is the overall package you are offering to your employees, and good reward management is a big part of this. Your EVP is what will set you apart from competitors — so it's vital that you can shout about this if you want to attract top talent.

The opposite is also true. Reward management can help productivity massively. From healthy competition to knowing that their hard work will be appreciated, employees are more likely to produce quality work if they know meaningful rewards lie around the corner. In other words, giving someone a higher compensation at the right moment, could have a high ROI. As with company culture, reputation influences many aspects of the business. One of the more important fields of influence is on clients.

Reward management, therefore, can be a key way to engage employees, contributing to a positive reputation. Very popular in modern business management is the process of performance management. This aims to continually improve and grow the performance of each employee. Increasingly, reward management is being employed in such systems to keep employees engaged and growing.

Similar yet distinct from retention and culture is loyalty. An effective reward management system ensures that your employees can form a meaningful bond with your business. This will improve many areas, such as how they speak about and sell the company to others, whether they be clients or potential job applicants.

P2M offers several ways to provide years of service awards to valued employees and recognise them for their efforts and company loyalty. Rewarding employees with tangible benefits that can help their salary go a bit further and provide for small luxuries can be a great way to make them feel valued. Imagine being rewarded with a significant discount at your favourite store, or a percentage off on tickets to an event you've been wanted to attend.

P2M provides exciting employee benefits redeemable online for discounted products, services, and experiences that are certain to make your employees feel valued.

Powr2Motivate's platform can smoothly run your entire employee rewards and recognitions program. You can customise your offerings, track performance with real-time reporting on KPIs and ROI and watch your employees become invested and engaged through gamification. Our global rewards gallery has thousands of different rewards, and our platform is available in 17 different languages, making it ideal for organisations with channel partners in multiple countries or international businesses with employees working worldwide.

Are you ready to start incentivising, recognising and rewarding your employees? Reach out to us and request a demo today. Here are a few engagement strategies that can promote healthy competition so everyone pulls in the same direction and co-workers applaud each other's accomplishments..

Here are a handful of metrics to examine that can provide greater insight as to whether your channel partner is helping you find success on an ongoing basis..

Here are a few examples of what not to do when it comes to recognising workers for jobs well done. Here are a few strategies that can help you cultivate a positive attitude, which can help re-energise an office that seems to be going through the motions..

In every country around the world, working from home has become a reality for many employees. There are many different reasons why working remotely works for many people. Even when the economy takes a turn for the worse, a Sales Incentive Programme can be an essential way to keep your sales team motivated and numbers higher than the competition.

Companies implement employee rewards programmes because they believe they can produce a positive ROI.. Understanding what value is defined as for employees can help you develop and deploy reward and recognition programs that will enhance employee appreciation in a tangible way, and increase their sense of being valued.. Opening your organisation up to partner channels can provide a cost-effective way to expand and even globalise your business.. A lack of employee engagement is one of the biggest challenges companies around the globe are facing, and Australian firms are no exception.

A mishandled employee recognition programme can tank productivity in employees who believe their hard work is unnoticed and unappreciated.. All business owners know that the most important concern they should be focused on is customer loyalty, but too many fail to foster employee loyalty. Your employees' dedication to you and your business is crucial to creating customer loyalty.. Here is our guide on how to use engagement metrics to improve an employee's experience in your organisation..

Here's how the promotion of work-life balance can be the key differentiator for your organisation to attract and retain the very best.. We've rounded up three iconic blockbuster films that can teach all of us a lesson about the do's and don'ts of being an effective manager..

Business incentive programs aren't infallible - and when they don't succeed, Power2Motivate's guide on the right types of staff rewards can help fix them.. As intangible rewards go, job titles are sometimes overlooked as a way to motivate certain types of workers.. For many people, the moment they enter the workforce marks the end of their formal educational journey.. If you want your program to help boost sales figures, increase revenues, and attract top talent, here are a few potential conflicts to look out for as you go..

Each time you team up with a new partner, you're gaining access to their entire distribution network, buyer audience, and sales expertise..

The workplace as we know it is changing. Millennials comprise much of the workforce, but older employees must be actively engaged as well.. Hitting all of your KPIs is tough, success can fluctuate, so it's incumbent upon team leaders to know how to motivate their reps through dry months.. Rewarding your employees should be more than just a check box item. Upgrade your efforts with these super-charged ideas, and reap the rewards.. Continuous development holds huge benefits for businesses, helping to increase innovation, improve loyalty and create a cultural shift..

It's easy for front-line employees to feel disengaged from the rest of your business. Follow these three tips to ensure you're engaging your front-line teams..

Almost all large IT companies use channel partners. Here are three best practices to help make your IT reseller incentive programme a success. Social recognition is a powerful tool for raising employee engagement, and shouldn't be forgotten when creating your Employee Rewards and Recognition Program..

At Power2Motivate, we understand exactly how to make your most precious customers feel valued. Follow these customer loyalty programme best practices.

Asking yourself these five essential questions when setting up your Channel Partner Incentive Program will help you see the results you want..

From poor timing to inconsistency, there are all sorts of hurdles that might be stopping your Sales Incentive Programme from being as effective as it could be.. Many organisations seek a culture of continuous development which helps increase employee satisfaction, improve output and reduce turnover.

Incentives can help. Employee alignment is core to employee engagement - but how do you actually measure it and what can you do to improve it? The team at Power2Motivate knows!. Gamification is a great way of spurring participation. Here are four examples of how you can incorporate it into your Employee Recognition and Rewards Program..

Employee engagement is more important than ever when you expand your operations overseas. Here's how to make sure your team members feel appreciated.. We live in an age of disruption, and the way you structure your channel partnerships will change regularly. Here are the trends you need to know. Here at Power2Motivate, we know what makes great employee appreciation. Here are three organisations who are getting it right!. From offering flexi-hours to giving employees the right tools for the job, there are many things Australian businesses can do to improve work-life balance..

Motivation is essential to a healthy, happy and productive workplace. Here's how you can keep your employees motivated at your organisation..

One of the most important aspects of engagement is how aligned your employees are to your company goals. Here's what you need to know about employee alignment.. Employee wellness is changing, and it's important to stay on top of the trends to realise workplace wellbeing in your business.

Here's what you need to know.. The success of a channel partner relationship depends on much more than just revenue. Here are all the other metrics you should be tracking.. An engaged workforce is the key to a successful business - but engagement is hard to come by in Australia these days.

How can you motivate people better?. No one wants their sales team to burn out, and the key to preventing this is to spot the signs early on. Here's what to watch out for in your sales team.

Corporate Social Responsibility can include all sorts of activities - here's how you can use CSR to improve employee engagement levels at your organisation..

Should you offer employee rewards based on team or individual achievements? There are a number of strong arguments behind both option.. Increasing employee engagement with your business and their professional growth relies on benefits - but what can better employee benefits do?.

Look around you - are your employees happy at work? If not, follow these tips so you can promote employee wellbeing in the workplace. It's not always easy to get bosses on board with incentive travel, as they often see it as more expensive than other rewards.

Here's how to convince them.. There are a number of pros and cons to using direct sales teams or channel partners. Read on to find out which option is best for your business. At Power2Motivate, we work hard every day to help our clients improve their business. When introducing a Sales Incentive Programme, it's important to ensure you're still encouraging ethical selling tactics as well as seeing ROI.

Here's how.. Loyalty programs can be hugely beneficial but what do consumers want out of these loyalty initiatives? Let's take a closer look.. Teamwork is essential to your organisation's success. How can you use Employee Rewards and Recognition Programmes to promote effective teamwork?. Employee rewards and recognition programmes have a huge impact on productivity, but only if the rewards platform you're using has the right features..

Experiential rewards are becoming increasingly popular. Why should you introduce them as part of your Employee Rewards and Recognition Program?. The modern sales rep is very different to traditional sales professionals. Here's how you cater for this in your Sales Incentive Program. It's common for Employee Rewards and Recognition Programmes to reward high sales or productivity.

But what about some alternative categories?. It's a new year! What Sales Incentive Programme resolutions could you make to make sure your sales team are working as effectively as possible?. Employee engagement involves emotion, which is why it can often be hard to measure.

Here are our tips for measuring employee engagement at your organisation.. Channel partners are a great tool for international expansion. Here are some tips to make your global channel partner network a success.

Happy New Year! Here are four employee rewards and recognition resolutions you can make in to ensure your program is the best it can be. Want to run a Travel Incentives and Rewards Programme but don't know the right destinations? These eight are fantastic starting points.

The key to building a strong Staff and Employee Benefits Program is understanding their needs and establishing rewards to suit - but where do you start? Have you found that engagement with your Employee Recognition and Reward Programme is low? Take these steps to generate much stronger buy-in. There are many indicators that you're not communicating your Employee Rewards and Recognition Program effectively. Here are some of the most frequent signs.. There are massive benefits to a successful Channel Partner Incentive Program.

However, it's important to stay on top of key risk points. Sales figures aren't the only thing you should be incentivising as part of your Channel Partner Incentive Program - there's a range of behaviours to reward. Cash is quick to award and easy to plan for, so why do experts warn against it as an employee incentive reward?

Because experiences are so much more effective.. An Employee Rewards and Recognition Program can do all sorts for your business - but you need to be able to create a buzz around it to ensure engagement.. Is your Sales Incentive Programme getting stale? Are you noticing a lack of engagement from your team.

Follow these tips from Power2Motivate to help!. It's essential for an employee rewards programme to include top-down as well as peer-to-peer recognition. Find out why here. Travel Incentives are a great idea - both for your business and for your employees. Here's why travel is such an excellent reward to offer.

There's a lot to think about when it comes to Employee Rewards and Recognition Programmes - and one of the biggest decisions is what rewards you'll offer..

Here's how the two differ, and how you can best tailor your rewards program to B2B.. Rewards and Recognition Programs aren't just for large corporations - small and medium enterprises can also massively benefit from them too.. Average job tenure is shrinking, making Years of Service Award Programmes all the more special.

Here's how you can make your event a success.. An effective Channel Partner Incentive Program can increase sales significantly, but to make it effective you need to be regularly reviewing it. Employee engagement is talked about by companies all over the world, but what does it really mean?

It's essential businesses define it in order to improve it. Sales is a hard gig, and it can sometimes be tricky keeping up motivation in your team. However this doesn't have to be the case if you follow these four tips.. Generation Z will make up 35 per cent of the workforce by - is your Rewards and Recognition Program tailored to them? Power2Motivate can help.

Businesses of all sizes have realised the benefits of data and how it can help them improve. This is no different for Incentive Programs.. There are many benefits to using resellers, but only when they perform. Here are the most common reasons your channel partnerships aren't up to scratch.. Employee engagement is low in Australia, but it doesn't have to be. Here are several simple ways to boost morale in your organisation.

True B2B customer loyalty is more than just someone who spends a lot with you. Here's what real customer loyalty looks like and how to win it. Not all sales incentive programmes are born the same - so how can you make yours effective in order to see maximum return on investment?.

The global skills shortage is growing, and it's up to employers to find new ways of attracting top talent. Introducing employee benefits will help them do this.. Targeting a new market is a great way to grow your business, but it's not always easy. Here's how a customer loyalty and rewards program can help.. When you introduce an employee rewards and recognition programme, you'll see a broad range of ROI, from increased engagement to higher revenue.

One of the best ways to retain talent is showing you value loyalty via a Years of Service Award. But what's best practice for this type of program?. Here's how meeting your resellers essential to improving channel partner relationships and travel incentives can go hand-in-hand.. Employee benefits have a huge impact on talent attraction and retention. But they need to be effective. How to achieve this? Through choice. Many businesses use a mix of channel partners and direct sales teams.

But you shouldn't treat them the same when it comes to communication and rewards.. Job restlessness is pervading the modern workforce. But with an employee Years of Service Program, you can help to raise retention at your organisation.. If you can increase your channel partners, you'll also be able to raise your revenue. But that's easier said than done. Here are some tips to help you..

Nowadays, every business seems to have a customer loyalty program, and that means you have to work harder to get yours to stand out. Keeping your existing customers loyal requires much less effort, time and resources than trying to tap into new markets. It also lends you a significant degree of free advertising.

There are several ways that a Customer Loyalty and Reward Program will help keep your customers loyal.. Employee benefits programs can help improve engagement, productivity and the bottom line at your organisation. Thinking about implementing a new incentive scheme at your company? You might have seen the success similar programmes have had at other businesses - but why is it that incentives are so effective at improving performance, engagement and a variety of other KPIs?

Well, it turns out there's all sorts of psychological reasons behind the success of reward schemes. You might be surprised to find out that when it comes to incentives, it's actually non-cash rewards that work best. Read on to find out why!. With more and more millennials and Generation Zers entering the workforce, the average employee tenure across the UK is shrinking. So it's important you implement an effective Years of Service Awards Programme for those who decide to stay.

Find out why they are so beneficial, and best practices for your programme. It doesn't come as a surprise that customer rewards programs can be extremely effective at gaining brand loyalty and repeat custom.

But just as important should be channel partner rewards programs, which incentivise your channel partners to push your products ahead of your competitors. Your sales team is your lifeblood - without it, you would have no customers and ultimately no money.

Here's 4 issues that incentives can help fix.. It's quite rare these days to sell direct to customers. Instead, many brands engage the services of channel partners, who sell your products as well as those of your competitors'. Here's how you can tell which channel partners might need a little extra boost, and how you can achieve that!. Gamification is now being applied to a huge range of industries and departments. Your sales team is likely already using some form of gamification, but there are ways to make it even more effective, especially when linked to a sales incentives program.

Here's how it can improve your sales incentive program.. In a world where the best sales talent is in short supply, your sales incentive programme could make or break your company. So it's important you offer things your competitors can't.

Read on to find out why a sales incentive programme is so essential, and how to make yours as effective as possible. Many studies have been released that indicate employee happiness should be at the forefront of your company's agenda. Increased engagement has been linked to lower turnover, higher productivity and lower costs. Here's why engagement is so important, and some handy tips on how you can improve it at your organisation..

From driverless and electric cars to ride-sharing apps, the automotive industry is experiencing its biggest period of disruption for years. This includes a significant shift towards customer service as being a key driver of sales. How can channel partner incentive programs help businesses deal with this disruption?.

With the latest Gallup study indicating that a staggering 87 per cent of employees worldwide are disengaged at work, it's essential that companies find a way to keep their team members motivated. Travel is one of the best ways to do this because it is flexible, offers choice and presents exciting opportunities..

Sales is a tough gig, but hitting targets and receiving incentives means it can also be one of the most rewarding jobs there is. However, there are a number of hurdles sales incentive programmes can run into which can have a negative impact on motivation. Here are some of the most common.. It's not just millennials who are causing the downward trend in job tenure. However, this level of flexibility can be adjusted for employees as a great non-monetary reward option.

Often employees spend the time developing solutions to support their work or the business. You could reward employees by letting them leave an hour early or giving them half a day off. However, you choose to do this should of course depend on your business needs too.

An earlier finish on a Friday, later start on a Monday or simply some more time to take off to use whenever the employee decides would certainly be a well received reward. There are a number of benefits that come from this. Employees are rewarded with a welcome break out of the office and a charitable cause reaps the benefits of extra volunteers.

Many companies do this and giving employees the option to choose who they volunteer for is a great way to make this reward even more personal. Reward employees by speaking to them one-to-one and asking them what you can do to help them improve and grow. Of course, meetings like this are common for many and used as part of performance reviews, for example. However, lunch with a senior figure in the business for example could be a good reward and could be beneficial for everyone involved.

This can be done through ECards on your employee benefits platform. Find out more here. However, employees are motivated by the right amount of challenge and responsibility. This will be a better reward for some employees than others. Some employees may be happy with the current level of challenge and responsibility they have; however, some may be looking for more responsibility or looking for ways to apply new skills or experienced gained. The shift towards hybrid and more remote working have made it more important than ever for companies to utilise their digital internal communication channels.

This is important not just to keep everyone connected and in the loop, but also for reward and recognition too. Many companies do this already, but letting your employees take a day off to attend an event or workshop that could benefit them is a great non-monetary reward. Themed days away from the workplace like this are becoming more common. This is a great way to not only show your employees you care, but your followers on social media too.

Recognising employees for personal achievements is great too. Write a blog on their journey to achieve their goals or you could even interview them about it.

If so, get everyone to write something positive about that person either in a card, on a piece of paper or electronically. It could be a card or it could be a framed picture. Would your employees prefer a company organised games night as a reward or extra time off?

Would they prefer the opportunity to work from home over a social media post? What are their hobbies and interests?