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.
Salary Sacrifice Schemes: What Are They, and Why Should You Care?
Let’s face it, when you hear “salary sacrifice,” it doesn’t exactly scream “perk of the century,” does it? The term itself sounds like the HR equivalent of eating your greens – good for you, but nobody’s skipping to payroll in excitement. But here’s the twist: salary sacrifice schemes are actually a win-win for both employers and employees, and I’m here to explain why you should take them seriously – before your competitors do.
Posted on: 24 January 2025 by Lisa Hack, Head of Product
New Year, New EVP: Why It’s Time to Refresh Your Employee Value Proposition
And we’re back! January —the month when gym memberships surge, diets are resolutely (if temporarily) adopted, and employees, buoyed by the "new year, new me" mantra, clandestinely update their CVs. It's the annual exodus of talent, as predictable as the Boxing Day sales, leaving employers to wonder: "Was it something we said? Or didn't say?"
Posted on: 10 January 2025 by Charles Ashwell, New Business Development Director
Workplace Culture: Saying Thanks Will Reap Rewards
Our workplace often becomes a second home, given the significant portion of our week spent either physically present or mentally engaged with it.
Posted on: 9 January 2025 by Andrew Walker, New Business Development Director
