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.
5 Simple Steps to Improve Your Reward and Recognition Programme
How to use your Reward and Recognition Programme to its full potential?
Posted on: 24 July 2024
Pedal Power: Embracing the Cycle to Work Scheme
Q&A with Andrei Bugariu The Cycle to Work Scheme is a government initiative aimed at promoting healthier lifestyles and reducing environmental impact by encouraging employees to cycle to work. By participating in this scheme, employees can purchase a bike (pedal or electric) and cycling accessories through their employer, enjoying benefits such as spreading the cost over a fixed period and tax savings through salary sacrifice. We caught up with Personal Group IT Developer, Andrei Bugariu who uses our scheme to find out about why he uses the benefit.
Posted on: 23 July 2024
Pride at Work: What does it mean to be more inclusive in the workplace?
Being more inclusive at work, especially with respect to LGBTQIA+ (Lesbian, Gay, Bisexual, Transgender, Queer/Questioning, Intersex, Asexual/Aromantic/Agender, and others) individuals, involves creating a workplace environment where everyone feels valued, respected, and supported regardless of their sexual orientation, gender identity, or expression.
Posted on: 13 June 2024 by Maral Gholami, Colleague Experience Manager
