Global Digital Reward System

  Providing rewards and bonuses is the best way to acknowledge good work and motivate employees to deliver exceptional work. But however you do it, reward systems are imperative to appreciate the efforts of strong performers in your organization.  Research shows that money as a reward for performance lowers motivation because it’s a materialistic reward and can’t add much value to day-to-day life. Today, in the post-covid world, personal enjoyment and satisfaction are the new key drivers to achieving meaningful goals.   Employees who are incredible achievers need motivation, feedback, and greater career opportunities to excel. Personalisation of Reward for future work would be very exciting for employees and it motivates you to do incredible work. Below are the ways to value great performers and help them achieve job satisfaction. Providing Assignments: Setting meaningful goals and working towards them to accomplish on deadlines is itself chal...

Total reward statements are crucial for enhancing benefits options and improving employee retention. Employers use Total Reward Statements for explaining to employees the actual value of their pay and reward package. This includes basic pay, bonus, overtime, pension contributions, health benefits, conveyance allowances, etc. It is crucial to let new joiners know all the components of their salary at the beginning to avoid any confusion afterward. Total Reward Statements are provided annually by employers to employees in an organization. How to use Total Reward Statements at Your Workplace? Employers can use Total Reward Statements as part of an effective and feasible communication strategy that is essential for increasing employee awareness and appreciating their total reward. The statements can be used at the workplace for various reasons: ●        Helps to boost employer’s ability to attract, recruit and retain the best talent. If you focus ...

According to a survey of more than 800 HR leaders, some HR trends are manifested as a permanent result of workforce and workplace changes resulting from the covid 19 pandemic turmoil. It is now essential for these leaders to assess the impact of each HR trend on the organization's operational and strategic goals and understand how large-scale shifts are changing the way people work and do business to create an impactful future work strategy. Some of these new trends of work strategies that you need to close attention to are as follows-   The emergence of new top-notch employers- The organisation continuously faces the demand for transparency from their employees even before COVID-19. Employees and candidates judge their organization based on how they were treated during the pandemic. Balance the decisions made today to resolve the pressing concerns of a pandemic with the long-term impact on the employment brand. Growing organisations communicate transparently and ofte...

Employers are aware of the fact that to retain high performers, they need to offer a competitive salary that adequately reflects the business climate of their industry. But what else do you as an employer can offer as incentives to keep talented individuals on board? There are plenty of companies present in the market offering a total reward system to businesses, however, choosing one among the bunch of available options can be a challenge. It is strongly recommended to do proper research and get in touch with a reputed company that has been in the business for years offering efficient reward solutions to businesses. A total reward system is something that is implemented by a business that provides monetary, beneficial and developmental rewards to employees who achieve specific business goals. In recent times, more and more businesses are implementing a total reward system in their organisation for retaining high-performing employees. The following are some of the components...

If you are reading this blog, you are likely curious about how to implement an amazing digital reward program for your organisation’s employees. And it is not complicated as you think – so first, just stop worrying. There are some of the great options listed below. ●         Doing it all by yourself If you are looking out to spend a lot of money and human resources, the do-it-yourself route is the best you can opt for. Be sure that you know doing it all by yourself not only takes a lot of money and time but also forces you to invest a massive amount of time into investigating customer behaviours, UX trends, and the how-tos. You may come up with a truly unique idea for digital reward programs UK , but it could take months – even years – to complete the process all by yourself. Unless, of course, you have a whole department of developers focused solely on your digital reward program needs, it is going to be quite an investment. ●  ...

Seeking to boost employee motivation using a rewards system for employees can sometimes be a daunting task for employers. But this shouldn’t be the case. When provided with the correct information and the proper techniques and global digital reward solutions from a renowned company, employers can be experts at boosting employee motivation using a rewards system in no time. Employers who are revamping or currently implementing a rewards system for employees should consider the following tips. ●          Involve all employees in the development, implementation, and revision of rewards programmes. Involving all employees will allow communication between employees and management about the rewards process. It will also ensure that both employees and upper management are on board with the rewards system.   ●          Make sure that employees see the rewards as worth the effort. Including the employ...