Employee engagement is not only about the happy employees; it’s more about business results. Employee engagement strategies measure the energy, effort, and passion employees bring to their work. And that’s important to bottom-line success. Hence, employee engagement is indispensable to the success of any organization. Studies by industry experts show that engaged employees in an organization work harder, are more motivated, provide better customer service and have lower turnover rates. The bottom line — employee engagement has a profound effect on an organization’s overall performance.
Studies have shown that when employees feel truly valued and appreciated, they work harder. That’s why one of the best ways to drive engagement is to implement a rewards &recognition program in an organization. A report published in 2015 by Workplace Trends Report shows that in addition to promoting higher engagement, employee rewards &recognition programs yield 27% higher profits, 12% higher productivity, 21% higher retention rates, and 50% higher sales. Now that’s a great return on investment.
An excellent way to optimize a recognition program is to design one that is consistent, fair and represents your organizational values. When implemented, the program should be customized to meet the unique cultural and generational needs and preferences of your employee base. Keep the following suggestions in mind:
- Implement uniform, company-wide reward and recognition programs that are paired with clear objectives customized to drive most wanted activities.
- Be aware of your employees’ cultural and generational preferences. The instant text message or an email that motivates a millennial employee could simply frustrate a Baby Boomer who prefers reward or recognition delivered in person.
- It is also imperative to understand the laws of the country to develop employee compensation plan.
- Have a right balance between monetary and non-monetary awards. A range of rewards, from e-gift cards, to events and products are ideal to satisfy today’s workforce.
- Implement the right tools &technology to ensure that consistent company-wide rewards & recognition can be easily customized to your organization’s need of employee recognition.
Companies have now realized that recognition and reward programs for employees encourage desired behaviors, motivating employees to perform at their best. To help companies reward their employees in their rewards & recognition program Storecheq has introduced easy to access and manage, separate section called “Corporate” for the companies. For this companies can partner with Storecheq and use our special features and tools to upload and distribute e-gift cards individually or in groups to provide their employees an uninterrupted, transparent and uniform employee rewards & recognition program.
Storecheq relieves the stress of choosing a gift for 100s of people by 1 person and delights each and every employee the freedom of choice. Storecheq is the currency of gifting with universal acceptance. Storecheq platform itself is designed to easily reward and gift employees personally and socially.
Ever growing range of Options
Storecheq is working on creating a wide range of merchant network, which not only includes the large and Pan India brands, but the local brands which, are strong in their local vicinity. The continuous expansion of retail network allows the receivers greater choice within local areas.
Easy to Use
Storecheq system is very simple and easy to use. It saves time for the administrator whether the enterprise needs to reward one or many.
Instant recognition is a great practice for acknowledging accomplishments and meaningful contributions. These little acts go a long way in boosting the employee morale. Instant Recognition with timely & direct feedback can significantly contribute to healthy work environment objectives in an organization.
Storecheq offers you facility to customize your e-gift cards, integrate your branding and personalize the messages, emails, etc., that you need for your employee or channel partners, according to your reward &recognition strategy.
A good user experience doesn’t typically happen by accident. It is the result of careful planning, analysis, investment, and continuous improvement. An impressive “user experience” (UX) is the foundation of acceptance of any system among the users. While designing the UX of Storecheq our UX architects made sure it is highly contextual, empathetic and easy to use and has very simple design. These are the fundamentals of best user experience of any system. Hence the output of our effort is that Storecheq engages and encourages the users to use it very frequently.
Storecheq is built upon a robust and scalable framework which allows for the expansion of new features and functions.
Infrastructure and Security
Data security plays a crucial role in today’s environment. Designed with best practices our IT infrastructure includes complete hardware, software and network resources necessary to operate and manage your Rewards and Recognition programs. This definitely ensures high performance, data integrity and most importantly data privacy, which is of utmost significance in today’s world.