Posted on: Wednesday March 06, 2019
How to measure the ROI of your Reward and Recognition programme.
The return on investment of employee benefits can be seen in many different aspects of the employee experience, such as retention rates, staff motivation, staff happiness, employee satisfaction, and length of service. This can make measuring the ROI of a Reward and Recognition programme a difficult process, as your return may not be easily boiled down to a monetary value.
If you’ve found yourself struggling to calculate the ROI of your Reward and Recognition offering, check out our handy infographic for a few quick and easy ways to get started.
Spending money on incentives to keep turnover rates low makes good business sense. But it’s also important to make sure that you have found the most cost-effective option for your business - many reward and recognition providers make their money from unused gift cards and e-vouchers, as they retain the cost even when the products go unused.
To discuss your reward and recognition strategy with one of our experts, call 01908 605000 or email letschat@personalgroup.com.
Shifts in user experience affect technology strategy and engagement
Meeting the demands of a diverse multi-generational workforce means that a one-size-fits-all approach no longer works. With an ageing workforce, companies are having to think harder and work smarter at giving all their employees access to benefits.
Posted on: 8 November 2024 by Andrew Walker, New Business Development Director
Addressing burnout and wellbeing through reward
Every company wants to look after their employees while also appealing to their better nature. A competitive salary is important but enduring happiness at work relies on employees feeling valued and respected. It is how we bring the best out of people and it is how we inspire and maintain a willingness to work hard.
Posted on: 25 October 2024 by Holly Coe, Senior Reward Consultant
5 Key Conversations We Had at Employee Benefits Live: What We Learned from You
What a couple of days we had at Employee Benefits Live 2024. It was fantastic to catch up with some of our long-standing clients looking to add new benefit suppliers to Hapi.
Posted on: 16 October 2024 by Andrew Walker, New Business Development Director
