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.
Top Tips to Improve a Misfiring Recognition Strategy
Whether you’re a professional footballer, engineer or care worker, happiness at work relies on feeling valued, appreciated and respected.
Posted on: 28 March 2025 by Andrew Walker, New Business Development Director
Brace Yourselves: Reward Storm Incoming
In even the most optimistic assessment of the current situation, it is hard to foresee a situation where a substantial portion of workers are not left underwhelmed by their pay offers in 2025.
Posted on: 13 March 2025
How much can Salary Sacrifice mitigate our cost pressures?
Half of employers currently offer salary sacrifice schemes, but I wonder whether recent decisions on tax will fuel a rise in that figure, and push more people to use them. As inflation takes more people into higher tax brackets and the National Insurance hike hits company finances, they are worth a careful look.
Posted on: 28 February 2025
