Effective employee reward and recognition is crucial for high performing businesses
Disengaged employees can result in 37% higher absenteeism, 18% lower workplace productivity and 15% lower profitability in your business. Scary numbers, right? Employees who are engaged in their work are more productive, motivated, loyal and determined to see the business succeed. But how can you encourage your team to strive for more? How can you create the environment that motivates your staff to perform at the highest level?
The answer is complex, and there are many factors but Incentivesmart helps you deliver one of the biggest parts of the puzzle...an effective reward and recognition strategy.
You may already be rewarding your staff for their efforts. Maybe with ad-hoc rewards, gift cards, or an employee discounts system. But traditional blanket ‘benefits’ can actually demotivate top performers, as they see underperforming employees being rewarded regardless of performance.
Incentivesmart focuses on rewarding and recognising outstanding performance; behaviours that have tangible benefits for your business. Whether this be for smashing sales targets, innovating, savings costs, providing referrals, going the extra mile on a project or being nominated by an appreciative colleague.
Building aligned and motivated dream teams
Teams of buzzing employees who love their job and shout about your business from the rooftops... What more could you want?
Consolidate all of your performance, reward and recognition initiatives into one aligned platform and create a place for your team where they can truly thrive.
WE CAN HELP YOU:
Increase employee engagement
Create a culture of high performing, motivated and engaged employees who want the business to flourish.
Recognise and reward the specific behaviours you want to see more of with a points-based engagement platform.
Embed your values
Encourage employees to demonstrate and look out for your values with peer-to-peer recognition.
Communicate more effectively
Publish company news, product information, and gather valuable ideas and feedback.
Reduce churn and absenteeism
If your team are happy, motivated and engaged there's less chance of them packing their bags and leaving their job.
Give your employees choice
We all like different things so give your people a choice of aspirational rewards from an ever-growing catalogue.
The employee engagement solution everyone will love
...even the finance team. Our employee engagement platform has the tools, integrations and features you need to get the best out of your people.
Reward good behaviours with points which can be redeemed in our specially curated rewards catalogue of aspirational and inspirational gifts and experiences.
Benefits and HR hub
Keep all your important information in one place, such as employee handbooks, policy documents, and links to other benefits.
Get your people involved by encouraging them to share ideas and feedback. Keep them updated with news articles and quizzes to test their knowledge.
Tap into the reporting tools to learn more about your employees and keep track of their engagement with your business.
Aligned with your brand
White label your programme so it has the same look and feel as your core brand OR make it completely unique. The choice is yours!
Don't just take our word for it...
Simply education saw a 36% reduction in employee turnover after implementing an employee engagement programme where the team were rewarded for their hard work and commitment. Their employee engagement and motivation levels had never been so high!
Vodafone increased sales of 12,000 retail staff by sharing learning materials and rewarding their efforts. By seamlessly importing a daily secure HR data feed, Incentivesmart were able to manage users and allocate points for sales.
Incentivesmart have been outstanding and met all expectations and demands, for our more often than not bespoke requests and we would like to thank you for supporting and understanding our business over the last few years.
Head of Sales Operations, Kärcher UK
Frequently asked questions
We're here to help you get the most out of your employee engagement programme!
Are points-based reward programmes dead?
The short answer - no, points-based programmes are very much still alive!
A study found that 82% of consumers who participate in a points-based programme agree they are more likely to purchase more often.
A separate survey found that 54% of consumers would consider increasing their amount of business with a company for a loyalty reward, and 46% said that they already have.
Earning points that can be spent in an extensive reward catalogue is more motivating than being offered cold cash. Individuals can set their reward goals and work towards earning and building their points.
Additionally, earning points creates healthy competition. Our leader board feature enables users on the programme to see who's earning the most, motivating them to be the top performer.
What's the best way to reward my employees?
Can I integrate my other systems with the reward and recognition programme?
Yes, you can integrate other business systems with our employee engagement programme. Get in touch with our team to discuss your requirements.
Can I see an example of an employee engagement programme?
Of course, we'd love to show you an example of an employee engagement programme! Book a demo and we can show you an example, as well as the features and functionality of our platform.
What are the tax implications of incentive and reward programmes?
Rewarding employees for their commitment is an excellent way to boost satisfaction and productivity in the workplace. However, such rewards do attract income tax and National Insurance Contributions (NICs) as a Benefit in Kind (BIK). However, using Incentivesmart can give you significant costs savings and tax efficiencies. There are also some excellent government exemptions and schemes that, if used correctly, can give excellent savings.