Sigma Promotions

8 Reasons to Implement an Employee Rewards Program

1. Improved morale

When employees are recognized for doing good work they feel special, and consequently happier and more satisfied with their employers.

2. Enhanced productivity

When employees feel good, they perform at higher levels, performance itself becomes a further motivator for wanting to do a good job.

3. Promotes healthy competition

When your employees are all chomping at the bit to do an awesome job, your company will be efficient in reaching its goals.

4. Higher Revenue & Profit

Any organization that wants to make money and be profitable will find that recognizing progress in those areas will encourage employees to work harder to make money, and realize greater profits for the company.

You get what you reward – rewarding positive behaviour produces more of it!

A recent study conducted by Northwestern University found there is a direct link between employee satisfaction and customer satisfaction and between customer satisfaction and improved financial performance

5. Decreased Stress

Recognition makes the workplace a little more fun and exciting! Ask about our fun and effective programs! Email nikki@sigmapromotions.com

6. Decreased Absenteeism

Reward programs shows a decline in absenteeism because people feel good about what they are doing and contributing and are more likely to look forward to work if they feel valued.

7. Decreased Turnover

How many of you would say that your relationship with your supervisor is important to your happiness? Well you’re not alone! According to a study done by the Gallup Organization (2 million workers at 700 companies) the #1 factor affecting the length of an employee’s term with the company was that relationship. Recognition plays a major role in employee retention and overall performance.

8. Lower Related Costs

How much does it cost to hire someone new?! Consider interviewing, hiring, and training new employees. The average investment to hire a $30,000 earner costs approximate $48,000. Rewards programs help keep good people and add profits to your bottom-line!