Unleash The Potential of Your People.
The state of business shifted dramatically due to the pandemic. Companies have moved to hybrid or entirely virtual work models. The speed of change in the workplace has accelerated. Businesses are forced to do more with fewer people. And employee engagement has taken a real hit.
Employee engagement is the emotional and functional commitment employees have to their organization and their alignment with the company’s overall goals. The discretionary effort they are willing to expend is a byproduct of their engagement. Employees want to feel that their work has a purpose. They want to feel celebrated for a job well done. They want to feel heard, valued, and respected within the organization.
Based on a wealth of research in this field, there is no question that recognition and reward programs enhance employee engagement and productivity. Data from the Incentive Research Foundation shows that the presence of reward programs resulted in an average of 22% gain in performance (as compared to organizations offering no reward program).