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.
Guest Blog: The “Job for Life” mindset – is it making a comeback?
The ongoing economic uncertainty, brittle geopolitical landscape and sensitivity of the younger generation have led me to wonder whether we are moving back towards a ‘job for life’ mentality.
Posted on: 20 December 2024 by Sarah Lardner, Director of Business Innovation
What steps should HR managers take to drive employee engagement in their organisation?
Having worked extensively in employee engagement, I’ve seen firsthand how impactful a thoughtful approach to employee engagement can be. It's not just about implementing programs it's about building a culture where employees feel truly valued, heard, and motivated to contribute to the organisation's success. Here are key steps HR managers could take to promote a highly engaged and committed workforce.
Posted on: 13 December 2024 by James Solomon, New Business Development Director
Top 10 HR Podcasts Every UK HR Professional Should Be Listening To
In today’s fast-paced HR landscape, staying updated on industry trends, legislation, and innovative practices is crucial for HR leaders. Podcasts offer a convenient way to stay informed and inspired, blending expert insights with engaging discussions.
Posted on: 5 December 2024 by Paula Wynn, People Director
