Employee rewards programmes are now commonplace in UK businesses. Staff want to be recognised for their efforts in unique ways - and they are proven to deliver results. Partnering with Power2Motivate means implementing a programme is easy and flexible. There is no excuse for not having one!
In the modern UK workplace, having an employee rewards programme in place is now more of a given than a luxury. The Incentive Foundation indicates that over two-thirds of UK businesses are using some form of non-cash staff recognition programme to encourage desired positive behaviours. This widespread popularity is made more obvious when you consider the positives a scheme that recognises workplace achievement can bring to a business' culture.
Incentivising your employees
Statistics from Red Letter Days for Business' Rewards Report, which discusses how UK businesses use employee rewards programmes, makes a compelling case for investing time in implementing one. Eighty two per cent of UK employees who claimed they were motivated in 2016 received some form of recognition for a job well done. When you compare this to the 69 per cent of workers who said they weren't motivated in their workplace, you can see a pattern emerge - these workers didn't receive any form of recognition.
You don't have to offer all your employees the same thing, and it doesn't have to be expensive - as long as it is personal to the individual.
Incentivising your employees keeps them motivated to work hard for your business and deliver positive results. The reward you choose for them doesn't have to be expensive - as long as it is personal to the individual you're rewarding. Power2Motivate UK has a huge rewards gallery with thousands of rewards to suit a variety of tastes. From something as small as a voucher through to valuable electronics, motivating your workers relies on recognising the effort of a whole team while still delivering personalised rewards.
82 per cent of UK employees who claimed they were motivated in 2016 received formal recognition .
Keeping them engaged with your business
Motivating your employees to deliver their best for your business isn't the only challenge for those who haven't yet implemented a rewards programme. You need to keep them engaged too. A motivated, hard worker can still become jaded with how your business operates or with your organisational values and look for employment elsewhere.
Securing your top talent relies on keeping them invested in your business and what it stands for. The number of businesses who use reward programmes to maintain a positive work environment and culture of recognition has risen by 3 per cent since 2013, according to Human Resources Association group WorldatWork. Similarly, companies using them to remain an 'employer of choice' has spiked by 7 per cent in the last four years.
These statistics indicate the rising number of businesses who recognise employee recognition programmes as strategic - not just for keeping employees happy, but keeping them happy in your organisation. A large part of fostering this attitude comes down to letting them take control of how they are rewarded. With Power2Motivate's online rewards platform, workers have full control over the rewards they earn, tracking their progress to success against the goals set by their employer.
Letting your employees control how they achieve their goals is key to a successful rewards programme.
A rewards programme has never been easier to run
While there are undoubtedly positives to having an employee rewards programme, many businesses don't pursue implementing one because:
They think it will be too difficult to manage.
They don't understand how it would work.
They think it has no value to their business.
However, it seems these qualms are also being alleviated, pointing to a modern UK workplace that universally recognises the value of rewarding employees. WorldatWork statistics show businesses who think employee recognition programmes would be too hard to administer have nearly halved since 2015, while the number of organisations that considered these programmes to have no value or applicability has dropped to zero this year.
It is easy to adopt and maintain an employee recognition strategy in your workplace with Power2Motivate UK. Our online platform is designed for ease of user access, with gamification elements to raise user engagement. It is also equipped to generate user reports, so you can more easily track what works for your business and improves your ROI.
There is no excuse to not have an employee rewards programme - motivate your employees with rewards they want and foster a culture of recognition and loyalty, all on one easy to use online platform. Contact the Power2Motivate UK team today for more information.