Employees are looking for more flexibility at their workplaces rather than concentrating only on salaries and benefits packages. Because of the disruption due to COVID, people want to retain flexible working hours, health benefits, and a good number of vacation days. Above all of that, workers are more serious about motivation and empathy than ever before. If you treat your employees like a part of your family, they will deliver you stellar performance and don't think of leaving your organization. You have to be flexible and bring changes in the work processes to synchronize with the changing business needs. Flexible rewards for employees help you to unlock true potential and provide a phenomenal total rewards experience. Let’s look into the Total Rewards Components that need to be revamped for a better experience. 1. Pay: Companies are becoming more flexible in providing compensation benefits and hikes in salaries. In today’s scenario, the achievement of team goals and honing...
Employee reward and recognition has long been a cornerstone of effective management. However, in recent times, as the competition for talent surges, how organisations’ value their employees has become more important than ever. Creating a reward and recognition program is a start- so if you don’t have one, that’s a good first step to start as, however, it is not something smart organisations do because building a sound employee reward system for employees from scratch is quite challenging. Rather than creating your effective reward system, it is always better to contact a well-known company that offers an incredible global digital reward system to businesses. What is employee reward and recognition? Employee reward and recognition is a method of support t hat helps employees know their contributions are valued, recognised, and appreciated. Every employee wants to know how they are doing, thus, rewarding and recognising employees demonstrates what success loo...