Most business owners, directors and CEOs will agree that one of the most difficult challenges often faced in any organisation is how we build successful team environments that stimulate employee interest, create positive behaviours and build a thriving company culture for years to come.
Employees who feel appreciated not only perform better at work, but are absent less frequently, are less likely to quit their job, and are shown to increase productivity and achieve higher revenue/results for their employer. Whilst employers value dedication and loyalty; most employees simply want the organisation to ‘value’ them.
There is plenty of hard evidence showing that happy employees leads directly to better performance and increased profits. According to Forbes, business organisations in the 'Fortune 100 Best Companies to Work For' list, saw revenues increase by 22.2 per cent, for 2014. And according to the Bureau of Labor Statistics, these companies added new employees at a rate which was five times higher compared to the Australian average.
One strategy that can dramatically help organisations to make their staff members feel more valued and boost results is the use of staff incentives like gift-vouchers or certificates to reward and reinforce desired behaviours in employees.
The good news is you don't have to cut into your profits using large bonus structures or sending an employee on an all-expenses-paid trip to Fiji, just to show them that you appreciate their good work.
Did you know that Bartercard has a large range of affordable gift vouchers available that you can use to reward and incentivise your staff, without spending cash, to show them just how much you value their commitment to your company?
Click on the image below to see Bartercard’s current gift voucher offerings that provide low-cost ways for you to recognise your top performers.
The other great thing about using Bartercard Gift Vouchers to reward and incentivise, as opposed to using other non-cash incentives; is that it keeps the reward separate from an employee’s weekly wage. This means they are more likely to associate the physical award to the achievement, which will help anchor in the desired positive behaviour at a much deeper level.
Employee rewards don't only have to single out the individual either. You can set team goals and milestones for certain groups, or for the entire company. Then when you achieve those, have some type of celebration; it is important to celebrate the small wins along the way.
So is there someone in your company going above and beyond, that you probably haven’t acknowledged in a while? Someone who maybe needs a little extra encouragement? Or perhaps there is a result or outcome that you really want your company/organisation to achieve? This might just be what gets your team across the line!
If you answered yes to any of these, then Bartercard Gift Vouchers are a must.
Click here to see the full list of Gift Vouchers on MYBC.
Written by: Clinton Kopittke - eCommerce Manager at Bartercard Australia