There are two components to consider in implementing an effective Employee Benefits Programme - providing memorable benefits and driving ongoing staff recognition. Finding a programme supplier that can blend these two is vital to driving greater satisfaction and engagement in your workers.
If you are considering implementing an Employee Benefits Programme, you need to consider the intended impact as well as how you will run the programme. Offering your staff discounts on brands is an excellent way to incentivise them to work harder for your business - but it will do little to affect your team spirit.
A culture of recognition is a highly sought-after workplace change many employers are trying to introduce. DCR Strategies claim 42 per cent of candidates consider a Recognition Programme as a key requirement when seeking employment. A comprehensive strategy that both celebrates your workers' successes and offers them motivational benefits is central to workplace satisfaction.
Over 33 per cent of workers say Employee Benefits are a deciding factor in taking or rejecting a job.
A successful Employee Benefits Programme pairs perfectly with a culture of recognition - which is why partnering with Power2Motivate UK delivers your business an advantage over competitors.
Finding memorable benefits to reward employees with
In the intensely competitive UK marketplace, finding the best candidates in your field is challenging. Highly-qualified and technically-skilled workers can help your business to innovate, while more experienced candidates can offer guidance to lead your business. What both these groups have in common is an ability to be selective about their employers - so offering something your business rivals doesn't is key.
A survey from Glassdoor indicates one in three candidates report Employee Benefits are the deciding factor in accepting a new position, which is why companies need to begin thinking creatively about what they offer. Some of the UK's most successful businesses offer outside-the-box benefits, particularly in the computer technology sector:
Cloud computing consultantancy firm Cloudreach takes employees on 'secret holidays' across Europe and North America.
Data personalisation platform QuBit offers weekly wellness programmes such as yoga and pilates free of charge.
Software developers The Phoenix Partnership treat staff to sailing trips and cruises.
Matching the efforts of the most innovative employers in your industry relies on partnering with incentive experts like Power2Motivate UK. Our Global Rewards Gallery offers a diverse range of incentives to fulfill the desires of your staff:
Vouchers and discounts on the biggest brands in the world suit those who want to treat themselves to retail therapy;
For those who want to unwind when they get home from work, we stock a massive range of books, CDs and DVDs your employees can choose from;
And for the thrill-seekers, we have tickets and experience offerings for exclusive concerts, exhibitions and many other exciting events.
The positives of personalised benefits come from demonstrating your care for the individuals in your company. This means recognising your employees' efforts individually should be core to your incentive strategy as well.
Blending ongoing recognition
The Rewards and Employee Benefits Association (REBA) shows 80 per cent of employees believe staff recognition should an ongoing process. The study identified three essential aspects of a year-round recognition strategy:
Make recognition specific - giving quantifiable positives and background detail to achievements makes employees feel like their good work is really being noticed.
Encourage peer-to-peer recognition - don't limit your celebrations to managers. Publicising positive behaviour gives all your workers the chance to join the recognition culture.
Make recognition accessible - there is no point recognising the good work of your employees if no one can see! An online platform gives everyone the chance to celebrate success.
A culture of recognition is a vital supplement to a benefits strategy that delivers memorable rewards to your employees, making your business stand out from the pack. Power2Motivate UK's online Employee Benefits Programmes mean you can improve employee retention and satisfaction by encouraging everyone to get involved with recognising the hard work of their colleagues. This ability for recognition is easily deployable on our online Benefits Programme.
Online gamification and rewards like trophies make it easier for staff to engage with their Employee Benefits Programme.
Using online Leaderboard and gamification elements, you can encourage greater staff interaction with their Benefits Programme in a fun and easy-to-use way. The Nomination Wizard feature gets employees involved with celebrating the achievements of others and the Social Recognition tool allows workers to build networks of online peers to keep track of who is being recognised in the business.
Start a winning Employee Benefits Programme
Effective Employee Benefits are about more than just giving out rewards; and although 49 per cent of UK employees said they would leave a company with no recognition strategy (as of REBA Global), simple thank yous will not be able to compete in offering the best staff benefits to the best candidates. Finding an Employee Benefits Programme that values both components is the key to success - so contact Power2Motivate UK today.