Employee Points Programs: What They Are and How They Work
An employee points program is a type of reward system that allows employers to show appreciation for their employees’ hard work and contributions by offering them reward points with a monetary value. Employees can redeem these points for various rewards, including merchandise, experiences, and gift cards. Studies have shown that gift cards are highly preferred […]
Intrinsic vs Extrinsic Employee Rewards: What’s The Difference?
Intrinsic vs Extrinsic Employee Rewards: What’s The Difference? Every business needs motivated employees. Motivation, morale, and excitement make the difference between a successful company and a company that languishes in lost potential. The trouble is, it’s challenging to motivate a team. Each employee has different goals, desires, and biases that they respond to as motivation. […]
FAQ: Are Gift Cards for Employees a Tax Deduction?
FAQ: Are Gift Cards for Employees a Tax Deduction? Rewards can be a powerful incentive to increase motivation and morale in the workplace. You want your employees to be engaged with their jobs, and one way to help encourage that is to offer them rewards for their performance. Picking a proper reward can be just […]
Gift Card vs Prepaid Card: Which is More Appropriate for a Gift?
Gift Card vs. Prepaid Card: Which is More Appropriate for a Gift? Any time you consider giving your employees a reward or incentive, you have a decision to make: what form will it take? You have a budget; that much is certain. Do you spend it on products to give to them? Sometimes that’s fine, but […]
FAQ: What is The Difference Between Rewards and Incentives?
FAQ: What is The Difference Between Rewards and Incentives? Rewards and incentives motivate your employees to perform better and show more interest in the company’s goals. However, they’re not always interchangeable, so you’ll need to know when to use each. Rewards and incentives are very similar but have specific tangible differences that make them distinct. […]
8 Work Anniversary Messages to Thank Your Employees (Samples)
Who doesn’t love an anniversary celebration? Even a work anniversary is worth noticing and making a fuss over. And while it may not warrant dozens of red roses and wine, there are ways to let your employees know that they’re important to you and that you celebrate their time with your company. Celebrating a milestone […]
10 Employee of The Year Certificate Ideas (Free Download)
If you’re the manager or leader of a company, you probably know that one of the best ways to keep your company growing is to retain core talent. In addition to paying above-average salaries and allowing employees to speak their minds, affirming a job well done is an important part of any business’s employee retention […]
Long Service Rewards: 14 Gift Ideas for Employee Anniversaries
These days, it seems like careers are a thing of the past. Employees routinely jump ship just a few years after starting work for a company, looking for greener pastures or a jump in title and responsibility that many companies can’t provide in their current environment. That makes it even more special when one of […]
8 Effective Sales Contest Ideas That Work and Are Easy to Start
It’s natural to want to reward your most effective sales team members, but there’s an issue if you do so in the wrong way. Say, for example, you have a sales team with 15 members. You have a monthly prize for the top earner; month after month, it’s a neck-and-neck race between three top performers. […]
List of Employee Recognition Program Names for Inspiration
It’s no secret that employee rewards are important for any company. Rewards boost morale and make employees feel like they are essential to a business. In 2018, TINYpulse released an interesting report on the importance of employee recognition. This report was pre-pandemic, and we can only imagine that these numbers are even higher given the […]
