Addressing the needs of multiple employee age groups can be tough. But Power2Motivate has 3 ways employee rewards programmes can satisfy all generations.
One of the biggest challenges in the workplace today is trying to make a multi-generational workforce engage with each other harmoniously. The four groups that make up the current workforce have different aptitudes and desires, and getting the best out of them will require understanding and addressing different needs by using customisable employee rewards programmes.
The four working groups
The Incentive Research Foundation found certain professional and psychological traits common amongst the workforce's four generations:
Traditionalists: a small minority comprising those aged 70 years or over, Traditionalists are classed as cynical hard-workers. Strong loyal streaks and organisational understanding are countered with inflexibility and a lack of desire to learn new skills.
Baby Boomers: Born in post-War prosperity, Baby Boomers crave individual value and praise, and are generally optimistic. Will be engaged and focused with praise and respect, but are quick to disengage if left out of decision making.
Generation X: Are creative, independent and results-driven. Individualistic and rigorous in pursuing a work/life balance, their flexibility can come at the expense of teamwork skills. Crave autonomy.
Millennials: They value creativity, diversity in work and involvement in decision-making. Require constant feedback, consultation and praise, but are the most flexible and can switch between projects easily.
3 ways employee rewards programmes can satisfy all generations
1. Know your employees
Knowing your employees on a personal level means that you can tailor a rewards package specifically to their personal desires and their role within the company. This safeguards all workers with the knowledge that their individual success is valued by you and your business' values. While different generations will value different forms of reward, our huge Rewards Gallery, which includes travel and accommodation packages, luxury goods and electronics, has something to satisfy everyone.
2. Engage by creating team-driven dynamics
Each generational group has individual strengths that can contribute to a positive team dynamic - Traditionalists' hard work, Baby Boomers' optimism, Generation X's honesty and Millennials' confidence can combine to delivering some excellent team-driven results. Power2Motivate Australia offer an integrated communications centre on our rewards platform, meaning all employees can have their say and interact with their peers on how they want success to be recognised.
3. Put your staff in charge
Putting your staff in charge of their rewards ensures that they get the rewards they feel they deserve for their hard work. Our employee rewards programmes are all easy to use and customisable, offering unrivaled flexibility for your workers to put their best foot forward and succeed for your business.
An employee rewards programme that is flexible, customisable and suits all workers isn't an unachievable ideal - Power2Motivate's industry experience spans over 150 countries and 17 languages, delivering quality employee rewards programmes across a range of industries. Contact our customer service team and find out how Power2Motivate is introducing the rewards generation!