3 Ways Employee Incentives Boost Engagement and Retention

3 Ways Employee Incentives Boost Engagement and Retention

Happy, satisfied, and engaged employees are undeniably huge company assets. However, not all good-performing employees are engaged in their jobs. Companies need to make sure that all their employees are happy in what they are doing and with the benefits they are getting.

Guaranteeing employee engagement is a tricky part of giving out employee incentives. Considering and prioritizing a lot of things must be done to come up with the best rewards system for every employee – regardless of their rank.

Companies must bear in mind that losing good employees may cost the business money and time since looking for replacements may take longer. Employee attrition also creates a great impact on the company culture, the morale of the employees, and even client relationships.

To show appreciation, companies should devise Employee Incentives Programs that would encourage and boost the morale of their employees. However, this does not mean that their interest and engagement in the company will remain. Thus, the management should present attractive and engaging rewards to win the favor of the employees.

In order to prevent the pitfalls of worker attrition and drive retention, use employee incentives as a way to boost employee engagement and retention.

Here are some of the ways on how to enhance employee engagement:

1. Allow easy access to incentives

3 Ways Employee Incentives Boost Engagement and Retention - allow easy access to incentives

Provide different delivery and redemption channels to fit their diverse lifestyle and preferences. Develop easy and user-friendly processes so they can comfortably redeem their rewards without any difficulty. If the redemption for the rewards is too burdensome, they might lose interest and the purpose of engaging them might not work out well.

2. Enable easy program participation

3 Ways Employee Incentives Boost Engagement and Retention - easy program

Make sure the incentive program is unforgettable and would provide the employees with an intuitive experience which enables them to participate easily. Companies can also make the incentives system fun by presenting varying competitions or criteria for every reward period.

3. Present various rewards alternatives

3 Ways Employee Incentives Boost Engagement and Retention - various rewards

In order to determine the best types of incentives for your employees, try various options and strategies that will perfectly suit their preference. Consider giving out gift certificates, digital points or rewards, travel packages, and even merchandise as part of the rewards program. These types of experiential incentives would give high levels of satisfaction and memorable experiences to the employees.

One type of employee reward you can consider that your employees would definitely love is a gift certificate from Sodexo. Sodexo GCs are one of the top incentives because recipients can use them in any Sodexo Partner Merchant in the country.

For example, the Premium Pass has over 10,000 Partner Merchants nationwide. Recipients can use their gift certificates in food chains and restaurants, appliance, and gadget stores, malls and supermarkets, and apparel stores. Employees can use the gift vouchers easily and conveniently when they shop.

For employers, ordering the Premium Pass and other Sodexo gift certificates is even easier. All they have to do is order online thru the GC Regalo website and their orders can be delivered straight to their office. Plus, they can even get exclusive and limited discounts and promos for every successful online GC purchase.

To know more about the other Sodexo products and learn on how to avail discounts, visit www.GCRegalo.com