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In today’s volatile economic landscape, where inflation and cost of living are soaring, employee retention has never been more critical. This blog dives into the compelling data behind the power of meaningful rewards in not only reducing turnover but also enhancing overall employee well-being.
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A 2022 working paper (1) published by the Incentive Research Foundation, serves as a reminder on the importance of incentive design and motivating employees using a variety of non-cash rewards, as it often creates more emotional excitement compared to cash.
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We all want to make sure we use our rewards budget as effectively as possible. Organisations want to ensure the budgets are producing the right behaviours in the most efficient way.
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With rising food prices and spiralling fuel costs, many employees are starting to feel the financial pinch. How can you keep staff motivated with the right rewards during a cost of living crisis and high inflation?
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Sustainability is not only important business, it’s good business. Check out our five ways to structure a sustainable rewards strategy.
Webinar
In this session, we look beyond base compensation to the rewards that inspire performance and lead to higher employee satisfaction and retention.
Webinar
With more ways to reward sales performance than ever, which reigns supreme? Are merchandise incentives effective motivators or will cash always remain king?
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Most people have heard about the Christine Holgate saga involving Australia Post and the Australia Government. The discussions have mainly been around the way she was treated by the Australia Post board and the Government, and whether she deserved an apology.
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Employees are motivated to work harder when they find meaning in their work. To create positive experiences for your customers, you must first create meaningful ones for your employees. Employees should experience these as part of the First Day experience and each day thereafter. Here’s how.