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Let’s imagine one of your employees has achieved her targets for three consecutive months. She steps into the office one fine day, and you congratulate her in front of everybody. You don’t just stop at that but go ahead and mention her name at the next town hall meet, where she’s rewarded with a fat cheque. Sounds great, right? Now, imagine you don’t even flinch and make her efforts look like a routine task that should’ve been done anyway. Oh, what a bummer would that be! By the way, which manager would you like to be? We’re hoping not the second one because that would be an immense blow to your employee’s mental health.
Let’s imagine one of your employees has achieved her targets for three consecutive months. She steps into the office one fine day, and you congratulate her in front of everybody. You don’t just stop at that but go ahead and mention her name at the next town hall meet, where she’s rewarded with a fat cheque. Sounds great, right? Now, imagine you don’t even flinch and make her efforts look like a routine task that should’ve been done anyway. Oh, what a bummer would that be! By the way, which manager would you like to be? We’re hoping not the second one because that would be an immense blow to your employee’s mental health.
Any reward, be it in the form of public recognition, a hefty bonus, or a digital rewards voucher, is sure to make an employee feel good. Research shows that rewards or mere anticipation of rewards can trigger a Dopamine rush in your system. This explains why rewards act as a major morale boost and motivate your employees to continue to do their best to get to the next goal. This chain reaction of reward and action is healthy for your organisation and can reap huge returns in future.
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Rewards are good, but personalised rewards are pure magic! While annual monetary rewards work wonders to boost the productivity of your employees, customised digital rewards, such as gift cards with personal messages and the names of your employees on them, go a long way in boosting employee well-being and self-worth.
In this fast-paced world, where everyone seems to be chasing big dreams, workplace stress is a major hindrance to quality performance. What’s a workplace but a prison when all your employees can think of is whether they will be fired every time they get a meeting notification? Studies suggest such chronic stress often leads to burnout. Sounds like a nightmare, right? What if we tell you that timely rewards act as a big stress reliever?
Employee rewards and recognition can help employees manage stress significantly by removing any uncertainty regarding work performance. This helps you curb attrition and retain your star employees in the long run. When rewarded, your employees are more certain about their contribution to the organisation and thus more driven to achieve performance goals, instead of looking for ways to quit.
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When your employees feel valued at work and feel that their jobs matter, they are more likely to be more engaged at work. This is chiefly because rewards and recognition can bring job satisfaction and can make your employees more enthusiastic about their jobs. Additionally, rewards bring with them a sense of empowerment, making your employees more engaged at work.
Studies too state that employee engagement is directly linked to employee rewards and recognition.
Apart from preventing major employee mental health issues, the right rewards can bring about a spirit of healthy competition. With an effective reward system in place, you can ensure that your employees don’t feel their efforts are going to waste. Rewards and recognition ensure your employees are driven to achieve their work goals without feeling inadequate, worthless, or invisible at work. This serves as a positive push that drives them to work better.
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WorkPerx, a muti-wallet digital rewards app, is the perfect solution for your organisation’s rewards and recognition strategy. Apart from exciting offers and discounts on food delivery, fashion, and supermarkets, WorkPerx offers the option of sending personalised digital certificates, recognising the efforts of your employees. It also offers employee well-being and health benefits and enables you to maximise employee engagement with regular updates and surveys. WorkPerx is all you need to make sure your employees feel appreciated and driven! So, why look elsewhere? Contact us today!
