The Incentive Solutions News blog

JUNE 24, 2020

Employee Rewards and Recognition: 10 Incentives that Don't Work. Incentive Rewards. Our Incentive rewards inspire motivation in your participants and produce the most ROI for your brand. Incentive Programs. Our incentive programs are strategically designed to help produce measurable growth for your business.

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Zenefits

OCTOBER 19, 2021

Employee recognition is one of the easiest ways to boost productivity and reduce turnover. Every year United States employers spend over $100 billion on employee rewards. At least 87% of recognition programs focus on tenure, and only 58% of employees know that recognition programs even exist. Job titles.

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Engagedly

MAY 1, 2023

What is employee recognition and why is it Important? Employee recognition is defined as the act of managers and other leaders publicly recognizing and appreciating the accomplishments of their team members. A carefully planned and executed employee recognition programme can do wonders for a company.

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Homebase

NOVEMBER 24, 2023

You’ve probably heard of an employee of the month program, or maybe you were even part of one. I f managed correctly, these programs can be a great addition to an already successful employee recognition program or a great way to kick off your employee recognition efforts. Let’s go!

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Analytics in HR

JANUARY 16, 2024

They can help cultivate a thriving work environment where employees feel motivated and engaged to perform their best. According to Quantum Workplace , employees who perceive their company’s culture as positive are 3.8 times more likely to show high levels of engagement. Recognition programs can be flexible.

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Empuls

OCTOBER 9, 2023

Frontline workers, the unsung heroes of our society, have shown unwavering dedication and courage during times of crisis. The importance of frontline workers appreciation In times of crisis, whether it's a global pandemic, a natural disaster, or any other emergency, frontline workers emerge as the true heroes of society.

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Compensation Cafe

SEPTEMBER 23, 2016

Editor's Note: Today's Classic features Derek Irvine with some data and insights about the importance of employee engagement - even (and some might argue especially) in a union environment. Consider these statistics from the Gallup report reference above: 38% of union employees are engaged. What does this mean?

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Empuls

SEPTEMBER 5, 2023

Transform years of dedication into lifelong loyalty by implementing Xoxoday’s long service awards solution , celebrating employee milestones, and building a stronger, more engaged workforce. Book a demo with our rewards and incentives expert. Want to know more? How to make years of service awards matter?

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Terryberry

JANUARY 12, 2023

A thriving workplace culture is built on employee engagement. It's cultivated through employees who have an eagerness to work, a willingness to take charge, and a determination to achieve the company’s core goals. . However, creating an engaging workplace culture isn't always easy. No Recognition or Appreciation.

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Terryberry

OCTOBER 27, 2023

Attracting and retaining talented employees is an age-old challenge for managers and leaders. This is because employee turnover can be a costly problem for businesses. In fact, it's estimated that each employee lost equates to a cost of 1.5 to 2 times that employee's annual salary. Create an action plan.

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Xoxoday

SEPTEMBER 27, 2023

In contrast, organizations that prioritize recognition and rewards experience a 31% lower voluntary turnover rate. Here are the effective ways to reward employees for good performance. Performance bonuses Performance bonuses are a common and effective way to reward employees for their outstanding work.

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Empuls

OCTOBER 11, 2023

In contrast, organizations that prioritize recognition and rewards experience a 31% lower voluntary turnover rate. Here are the effective ways to reward employees for good performance. Performance bonuses Performance bonuses are a common and effective way to reward employees for their outstanding work.

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Vantage Circle

AUGUST 21, 2022

The bot answers customers' queries in real time like a human sales rep. Real-time sales updates for prospects and clients. Encourage the team to attend these conferences, thus giving them a platform to boost their knowledge and leverage networking and collaboration opportunities. What's more?

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Empuls

OCTOBER 9, 2023

Security breaches not only put customers at risk but also create additional stress for employees. Sales targets and incentives Many bank employees are required to meet sales targets, such as selling financial products or meeting cross-selling goals. Impact: 1.

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Empuls

OCTOBER 9, 2023

Healthcare employee turnover:  stats & facts Healthcare employee turnover refers to the rate at which healthcare workers leave their jobs within a given time frame, either voluntarily or involuntarily, and are replaced. Now, it's time to give back. Celebrate and reward their dedication.

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Vantage Circle

MAY 29, 2023

Improved Employee Engagement and Retention When employees feel that their well-being and development are prioritized, they are more likely to be engaged and committed towards their work. There are several benefits to implementing people sustainability practices in the workplace, including 1.

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PeopleStrategy

AUGUST 21, 2019

Let’s look at some of the ways you can get this initiative started and how doing so can help you improve employee engagement and productivity. Understanding the formula for successful employee recognition programs. “Many different employee achievements are worthy of rewards and recognition.”

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Terryberry

MARCH 28, 2022

Your company’s greatest asset is its employees. Can you imagine spending all that time, if not more, in a stagnant job with leaders who don’t value you? Companies that show appreciation and recognize employees’ hard work will likely notice a boost in engagement, their company’s culture, and overall satisfaction.

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Employee Recognition Retention and Turnover Bonuses and Incentives Planning Tools 98

Empuls

OCTOBER 11, 2023

Xoxoday Empuls Xoxoday Empuls is an employee engagement software that drives improved performance and retention. Learn how Empuls can enhance employee engagement, behavior, involvement, and productivity within the platform. Pros Offers a comprehensive solution for employee engagement.

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Ongig

APRIL 17, 2020

Employee Engagement. Employee leave of absence: Everything you need to know. Employee recognition ideas: 52 epic ways to give rewards. Employee handbook: 6 must-have policies for your manual. What’s Wrong With Retention Bonuses? Full-Time vs. Part-Time Employees: What You Need to Know.

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Vantage Circle

SEPTEMBER 11, 2023

An employee benefits platform allows a more streamlined and efficient benefits management process, saving time and reducing potential errors. Such platform consist of specific benefits administration software designed for managing and administering employee benefits programs.

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Keka HR Blog

NOVEMBER 25, 2022

The halo effect can be seen in action when a hiring manager favors an applicant because they attended their former school, even when it has no bearing on their performance potential. . To establish objective standards for what qualifies as commendable behavior and what recognition implies, create an employee recognition program. .

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Terryberry

MARCH 10, 2023

Rewards range from recognition trophies to financial incentives and everything in between. There's no one-size-fits-all employee rewards system. The program you build will vary based on your employees' needs and your business's budget constraints. Does your business really need an employee rewards system?

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Empuls

JANUARY 14, 2022

But if those employees end up leaving after a year or two, you’re right back where you started - having to hire again and wasting more money and time on recruitment. Increasing employee retention helps you hold onto those great employees, reducing turnover and recruitment costs. What exactly is employee turnover?

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Workable

JANUARY 31, 2023

Times were tight for a lot of the year but I’ve been good to my employees over the years and this year they repaid me by working harder than I’ve ever seen them work for me,” he says. Survive, not thrive There are times for growth, and there are times where you just focus on pure survival. he hypothesizes.

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Capterra

SEPTEMBER 18, 2015

But how do you choose between things as seemingly similar as “attendance tracking” software and “employee scheduling” software? Manage and track employee benefits like health insurance, paid time off, compliance, and retirement accounts all in one place with this software. Employee Recognition.

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Recruiters Lineup

FEBRUARY 5, 2024

The regulations also outline the rights of employees to receive holiday pay for work performed on public holidays, providing compensation and time off for these instances. Employers are typically required to contribute to these social security schemes, ensuring that employees have access to essential benefits in times of need.

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