UK businesses seem to near-universally appreciate employee rewards programmes. But simply having them isn't enough - you need to use them strategically to motivate individuals. Power2Motivate offers guidance on how to better use your programme to drive improved worker performances.
A survey conducted by HR Zone shows that on a scale from 1-10 (ten being very important), people currently rate the perceived positive impact of employee recognition programmes as 8.3. The staff rewards programme is now a must-have, not a nice-to-have.
But while the mindset around workplace recognition may have changed, there still remains uncertainty about how businesses will use it to positively impact the performances of their employees. Different people work in different ways, so having a solution that can be easily customised on an interactive platform is a good place to start.
Power2Motivate UK are experts in staff recognition programmes that deliver results - so let's take a look at how to use them strategically to boost your business.
25-34 year old bracket were the most recognised in UK workplaces
Tailor your rewards to different people
Different generations of workers respond to feedback differently. The 25-34 year old bracket were the most recognised (through formal positive feedback or rewards) in UK workplaces in 2016, according to statistics from The Rewards Report. This group has the most overlap with the Millennial generation, whose creativity is fuelled by regular recognition and praise.
Meanwhile, Generation Xers (born between 1965-1980) are far more independent and less team-centric. They require less praise, but are more interested in tangible rewards. This is backed by the Rewards Report's survey response of a cash bonus being the most effective incentive in the UK workplace.
Differing the acknowledgement you offer workers is easier when you use an employee recognition programme that gives users a variety to choose from. Power2Motivate UK's Rewards Gallery offers users huge choice in the way they reward themselves for their hard work, including vouchers to spend on themselves or electronics.
Some people value this kind of acknowledgement - others prefer more tangible incentives. Using employee recognition strategically will get the best from your employees.
Being strategic with your employee recognition is not just about knowing what to reward - it is also about knowing who the reward should come from. The Employee Outlook for 2017 from the Chartered Institute of Personnel and Development indicates 94 per cent of employees felt they learnt more from peers than seniors, while 37 per cent felt their direct supervisor didn't adequately recognise their efforts.
These figures point to the importance of peer-to-peer recognition. Allowing your staff to take over the duty of acknowledging outstanding or consistently good work will go a long way to stimulate a team recognition culture. Power2Motivate's online employee rewards platform has a News Feed and Communication Centre which gives updates on goal attainment and programme changes. Keeping your whole team up-to-date is vital to stimulating a culture in which everyone is motivated to work together towards gaining rewards.
Putting your staff in control of their rewards
By implementing a strategic employee recognition programme, you are rewarding the efforts of individuals. So doesn't it make sense to let them have some input on how they are recognised?
Power2Motivate UK gives your employees the chance to customise the goals they earn. Scalable to their own taste, users can also set up their own private rewards wish lists. This builds a relationship of trust within your business, and means your staff get rewarded with an incentive that is personal.
Letting your employees choose the kind of rewards they want will benefit your business.
A huge number of businesses are turning to employee incentive schemes to improve the productivity of their business. However, many are not using these programmes strategically to improve team culture and individual preferences for rewards.
With Power2Motivate UK, you can provide your staff with an industry-leading employee recognition programme - ensuring the right results every time. For more information, contact the team today.