Posted on: Wednesday March 06, 2019
How to measure the ROI of your Reward and Recognition programme.
The return on investment of employee benefits can be seen in many different aspects of the employee experience, such as retention rates, staff motivation, staff happiness, employee satisfaction, and length of service. This can make measuring the ROI of a Reward and Recognition programme a difficult process, as your return may not be easily boiled down to a monetary value.
If you’ve found yourself struggling to calculate the ROI of your Reward and Recognition offering, check out our handy infographic for a few quick and easy ways to get started.
Spending money on incentives to keep turnover rates low makes good business sense. But it’s also important to make sure that you have found the most cost-effective option for your business - many reward and recognition providers make their money from unused gift cards and e-vouchers, as they retain the cost even when the products go unused.
To discuss your reward and recognition strategy with one of our experts, call 01908 605000 or email letschat@personalgroup.com.
Q&A with Mike Laird, Head of Risk: Steering a Path for Consumer Duty and Addressing Vulnerable Customers' Needs
Earlier this year, Personal Group proudly received the prestigious Leadership in Addressing Vulnerable Customers’ Needs award at the inaugural Consumer Duty Leadership Awards. This recognition highlights our unwavering commitment to customer-centric practices and exceptional service, particularly for those who are most vulnerable.
Posted on: 29 August 2024 by Mike Laird, Head of Risk
The rise of digital health services and how these are changing employers’ approach to health insurance
How can employers blend digital health services with insurance provision to get the most value from their benefits budget?
Posted on: 22 August 2024 by Zach Berwick, New Business Development Director
Secure Your Employee Christmas Gifting Now to Keep Your Team Happy (and the Tax Man Too!)
It's time to get ahead of the game! Planning your employee Christmas gifting might seem early, but it's crucial to ensure your team feels valued—and to keep things smooth with the tax man.
Posted on: 22 August 2024 by Gareth Harris, Client Experience Operations Manager
