50 Employee Perks

50 Employee Perks to Offer Staff

Businesses will use all kinds of incentives to encourage staff to work well. These efforts lead to better personal development, higher work output, and greater business success.

A popular way to achieve this is by using an employee perk. However, they only work well if people find them interesting enough to aspire to them.

Whether you’re rewarding new starters or those on your recognition scheme, these perks can help motivate and retain great workers. Let’s look at some of the best employee perks and benefits to use in your business:

Financial perks

1. Bonuses

 Most people would work more if given bonuses. Bonuses show instant appreciation for hard work and efforts – making them a great perk to offer.

2. Commission

 Commission perks are often earned by individuals or entire teams. They promote friendly competitiveness between peers; but in the end, the business wins!

3. Profit shares

 Profit shares aren’t just for those in senior roles. Many businesses use them to promote their retention rates, specifically for their high-flyers.

4. Student loan reimbursements

 Student loan reimbursements are great perks for employees with ongoing debt. It’s incentives like these that can make a difference in their personal lives.

5. Access to salary early

 We’ve all been in situations where we could do with a little more cash. Having access to our salary early can eliminate all kinds of financial penalties and late fines.

Health and wellness perks

6. Gym membership discounts

 Going to the gym isn’t just good for our physicality, it also helps our mental state. From fitness classes to yoga sessions, these healthy perks provide something for everyone.

7. Therapy sessions

 Whether it’s financial troubles or bereavement issues, therapy can help people in times of need. Perks like these vastly improve employee well-being, as well as personal welfare.

8. Meditation rooms

 Meditation rooms provide a space to escape the stresses of life. Employees can use these perks to pray, meditate, or simply decompress for an hour or two.

9. Nap rooms

 Nap rooms are popping up in more workplaces today. Studies show a 20-minute power nap can do wonders for our health. Just be sure to include alarm clocks with these perks!

10. Wellness programs

 Wellness program perks cover all kinds of fields; like therapy, exercise, and even addiction programs. Remember, privacy and confidentiality are paramount in these spaces.

Career progression perks

11. Promotions

 An extremely common perk used to encourage hard work is promotions. These often include higher positions, increased salaries, and greater benefits.

12. Work mentoring

 Some employees are motivated by being able to grow professionally. That’s why work mentoring perks are a must in all businesses.

13. Ambassadors

 When employees are constantly over-achieving, try promoting them as your brand ambassador. They’ll be able to represent your business values with authenticity and pride.

14. References

 Nothing’s more eye-capturing in CVs than a glowing reference. Don’t just save these for existing employees. Offer this perk as part of your career progression program.

15. Paid training

 Many businesses actively help their staff develop their skills and talents. Paid training courses are an ideal perk to have and work in almost any kind of workplace.

Annual leave perks

16. Extra paid holidays

 Most UK employees are entitled to 25 paid holidays per year. But, who wouldn’t want a few more? Perks like these lead to greater engagement, motivation, and loyalty.

17. Additional sick leave

 Most employees receive five paid sick days per year. If you give more, provide perks to deserved employees or across your entire workforce.

18. Late starts and early finishes

 Nothing inspires employees to work harder than being able to finish early and start late. Just be sure these perks don’t interrupt the flow of your business productivity.

19. Birthday off

 A personalised perk you can offer employees is having their birthday off. Roll this out across all your staff for a more caring touch.

20. Four-day working week

 This new fad has its ups and downs; but if it works for you, give it a shot. Again, ensure this perk doesn’t end up costing your business.

Workplace perks

21. Flexible working

 Many candidates actively seek jobs that offer flexible working. You definitely can’t afford to ignore these employee perks at work. Or else you’ll lose candidates to rival businesses.

22. Personalised parking

 Parking perks aren’t just for senior staff or the CEO. Offer it to employees who’ve truly worked exceptionally in recent times or projects.

23. Extra parental leave

 It’s so important for employees to have a healthy work-life balance. Extra parental leave perks allow this – ensuring they never miss out on another family milestone again.

24. Ergonomic furniture

 A great workplace perk to offer is ergonomic furniture. Reclining seats, blue-light-blocking glasses, and gel rest pads – they all help employees work in safer and more comfortable environments.

25. Shared kitchen appliances

 Make employees feel at home with shared kitchen appliances. Toasters, microwaves, fridges, ice machines –  they’ll never worry about being hungry at work again.

Food and drink perks

26. Healthy snacks

 Fruit baskets, juice dispensers, cereal pantries – healthy snacks are a great perk to keep your workforce fueled with energy.

27. Free breakfast

 We all work better on a full stomach, so imagine the potential of your workforce. Why not offer free breakfast as an employee perk? Do it every day or as a special reward.

28. Happy hours

 Many businesses host happy hours; either after reaching certain goals or as a Friday treat. Just be sure to cater to employees who don’t drink alcohol for religious or personal reasons.

29. Food delivery discounts

 In an age where food delivery is the norm, why not offer discounts to help employees save on these extra charges?

30. Celebratory lunches

 Round up the team and celebrate work achievements with a free lunch. You can book a fancy place for a real treat, or order in for an office party.

Recognition perks

31. Company newsletter

 Being recognised for hard work is a perk that helps improve our self-esteem and drive. A great way to do this is through shout-outs in company newsletters.

32. Employee of the month

 Having an ‘employee of the month’ scheme can inspire employees to work hard. You’ll soon be struggling to pick only one person for this perk!

33. Gifts cards

 There are all kinds of gift cards out there – making them a versatile employee perk! Pick ones that everyone will love; or something related to their interests for a personal touch.

34. Awards evenings

Many businesses host awards evenings to showcase their greatest achievements. What a great place to recognise your employees’ diligence, loyalty, and above all, efforts.

35. Dinner with the CEO

 These perks allow employees to receive great career advice. Not to mention, this type of recognition is pretty hard to top.

Discount perks

36. Commute discounts

 Trains, buses, trams – many employees use public transport to get to work. To deal with the costs, offer discounts on travel commutes as the perfect perk.

37. Driving discounts

 Car owners are constantly adding up the costs of driving to work. Tailor your perks to help with fuel costs, parking tokens, and even vehicle maintenance.

38. Technology discounts

 Whilst this may be work-related, providing new tech and apps can be especially helpful for certain employees. Not only can it make work easier, but it can also extend their skills.

39. Accommodation discounts

 In some industries, employees are required to stay near their workplace, or even live onsite. If you don’t offer free accommodation, set up discount perks to help cover rental costs.

40. Company cars

 A super popular perk that many businesses offer is company cars. However, make sure employees comply with relevant driving regulations or you could end up facing costly fines.

Family-related perks

41. Emergency childcare

 Childcare fees are some of the most expensive household bills we have. Offering employee perks for these can really take a load off their mind, as well as their bank balances.

42. Bring your pet to work day

 There’s nothing more fun than playing with pets in the office. They can help encourage happiness and relaxation. Just be sure to check for allergies before initiating this perk.

43. Workplace crèche

 Having a family-friendly crèche at work is such an attractive feature to own. Perks like these allow employees to avoid the stresses of school commutes.

44. Wedding gifts

 Nothing’s better than receiving gifts to commemorate weddings. Send employees wedding gifts to show congrats for their big day.

45. Fertility and adoption support

 Employees who are thinking of having children deal with all kinds of stress. Be supportive by offering fertility or adoption support perks, like paid leave or references.

Social-related perks

46. Social tickets

 There’s a ticket to an event that’ll just about suit everyone’s taste. That’s why it’s a fool-proof employee perk to offer your hard-working staff.

47. Office parties

 Office parties allow employees to celebrate work achievements together. Try to schedule them after pinnacle moments or when your teams need an additional boost.

48. Team-building exercises

 A great perk to offer employees is team-building exercises. Schedule these creative employee perks on a weekly basis or send them off for the weekend if and when needed.

49. Charity donations

 It’s very common for some employees to raise money or awareness for charities they support. Why not match them pound for pound and double their donations as a work perk?

50. Cultural celebrations

 Eid, Hanukkah, Diwali – there are so many cultural festivals celebrated in Britain. Be an inclusive business and enjoy innovative employee perks together! The perfect excuse for a ‘knees-up’!

Contact Love2shop for our awesome corporate perks!

Here at Love2shop, we have the everyday benefits card, which gives employees discounts on big brands. Contact us for more details.

Employee recognition ideas

45 Employee Recognition Ideas

Employee recognition is a powerful tool that can elevate workplace morale, boost productivity, and enhance overall employee engagement. When employees feel valued and appreciated for their hard work and dedication, they are more likely to feel motivated and committed to their roles.

highstreetvouchers.com understands the significance of recognising and celebrating the efforts of our workforce. In this blog post, we will explore 45 effective employee recognition ideas that can help your organisation build a culture of appreciation and foster a motivated and loyal team.

The importance of ideas for employee recognition

The best employee recognition ideas hold several key benefits for organisations, making it an essential component of a thriving workplace environment:

  • Boosted Morale: Recognising employees’ accomplishments and contributions instils a sense of pride and satisfaction. When employees feel that their hard work and efforts are valued, they’re more likely to feel a sense of fulfilment and commitment to their roles.
  • Increased Productivity: Recognition acts as a powerful incentive, inspiring employees to maintain their high-performance levels and strive for continuous improvement. As employees experience the positive outcomes of their efforts being recognised, they become more invested in achieving their goals and contributing to the organisation’s success.
  • Enhanced Engagement: Engaged employees are emotionally connected to their roles and are driven by a desire to make a meaningful impact on the organisation’s objectives.
  • Reduced Turnover: Employees who feel valued and appreciated are less inclined to seek opportunities elsewhere, as they recognise the positive and supportive environment provided by their current employer. This reduced turnover not only saves the organisation time and resources, but also helps maintain a stable and experienced workforce.
  • Heightened Customer Satisfaction: Engaged and appreciated employees are more likely to deliver excellent customer service, positively impacting customer satisfaction. They understand the significance of their role in influencing customer expectations, and go the extra mile to meet customer needs and expectations.
  • Positive Company Image: An organisation known for its appreciation and recognition of employees is likely to receive a higher number of qualified applicants for job openings. A positive company image also strengthens the company’s brand, and positions it as a leader in the industry.

How to Recognise Employees

Recognising employees effectively involves tailoring the approach to each individual while aligning with your company’s values and culture. Here are various creative employee recognition ideas:

Verbal Praise

Offering sincere verbal praise, whether one-on-one or in a team setting, is a simple yet powerful way to recognise outstanding efforts. A genuine expression of appreciation for a job well done can have a profound impact on an employee’s morale. When employees receive heartfelt praise from their supervisors or colleagues, it validates their hard work. This positive reinforcement encourages them to continue putting in their best efforts going forward. Verbal praise also promotes a culture of open communication and recognition within the organisation. When leaders actively acknowledge and appreciate employees’ contributions, it sets an example for others to follow suit.

Written Acknowledgment

Taking the time to craft a heartfelt message that highlights specific contributions demonstrates the organisation’s attention to individual efforts. Written acknowledgment provides a tangible reminder of employees’ achievements. Employees can revisit these messages whenever they need a boost of motivation, or a reminder of their impact on the organisation. Written recognition can also be shared with family and friends, enhancing the sense of pride an employee feels for their accomplishments. The personal touch of a handwritten note, in particular, adds a special element of sincerity and care.

Public Recognition

Celebrate accomplishments during team meetings, town halls, or award ceremonies to showcase employees’ contributions. Public recognition not only celebrates the recognised employee, but also inspires others to contribute positively to the organisation’s success. When employees witness their colleagues being recognised for embodying the company values, it reinforces the importance of these principles, and encourages others to emulate similar behaviours.

Tangible Rewards

Tangible rewards, such as gift cards, vouchers, or bonuses, offer a concrete way to show appreciation for exceptional performance. Employees view these rewards as a reflection of their dedication and accomplishments, which boosts their self-esteem and confidence. To ensure the effectiveness of these rewards, it’s essential to align them with employees’ preferences and interests. Customising the rewards based on individual preferences demonstrates that the organisation values and understands its employees on a personal level.

Experiential Gifts

Experiences have a lasting impact on employees’ happiness and satisfaction. They create positive memories and moments of joy that employees can cherish, which contributes to their overall wellbeing. Experiential gifts show that the organisation cares about employees’ work-life balance and mental wellbeing. Providing opportunities for relaxation and enjoyment outside of work helps reduce stress and burnout, promoting a healthier and more productive workforce. By offering experiential gifts, organisations send a message that employees’ holistic wellbeing is valued.

Creating a Successful Employee Recognition Program

To ensure your employee recognition program is successful, keep these essential employees recognition ideas in mind:

Timeliness

Delayed recognition may diminish its effect, and employees might not associate the recognition with the specific actions they took. Timely recognition also sends the message that the organisation is attentive and responsive to employee performance, which further enhances motivation and engagement.

Consistency

Consistent recognition not only reinforces positive behaviour, but also reinforces the company’s values and expectations. Regular appreciation communicates to employees that their efforts are continuously valued, making sure to foster a sense of belonging and loyalty to the organisation.

Meaningful Rewards

Instead of generic gifts, offering rewards that cater to employees’ individual preferences and aspirations shows genuine appreciation. For some employees, a day off to spend with family might be more valuable than a cash bonus. The key is to understand what motivates each employee, and provide rewards that hold personal significance.

Inclusive Approach

Managers play a crucial role in recognising employees’ efforts, as their feedback carries substantial weight. Additionally, peer-to-peer recognition encourages support within teams, so it’s worth investing in employee peer recognition ideas. Including customers in the recognition process, such as sharing positive feedback, brings to light the impact employees have on customer satisfaction. An inclusive approach to recognition strengthens the sense of community and collaboration, developing a positive and appreciative workplace culture.

The Best Employee Recognition Ideas

Here are 45 more recognition ideas for employees that can elevate employee morale and foster a more positive work environment:

  1. Employee of the Month: Celebrate outstanding employees monthly with a personalised certificate, a gift voucher, or a feature in your company newsletter.
  2. Peer-to-Peer Recognition: Encourage employees to acknowledge and appreciate their colleagues’ accomplishments through a dedicated recognition platform or notice board.
  3. Performance Awards: Hold annual award ceremonies to recognise exceptional performance, inspiring healthy competition among employees.
  4. Wellness Incentives: Acknowledge employees who actively participate in wellness programs or wellness challenges to promote employee wellbeing.
  5. Public Appreciation: Give public shout-outs during team meetings or company-wide announcements to celebrate employees’ contributions.
  6. Career Development Recognition: Sponsor employees’ professional development by supporting their attendance at workshops, conferences, or seminars.
  7. Milestone Celebrations: Honour work anniversaries, project milestones, or personal achievements with thoughtful and personalised tokens of appreciation.
  8. Personalised Thank-You Notes: Handwritten thank-you notes from supervisors or senior management convey sincere appreciation.
  9. Team Building Activities: Organise team-building events to encourage teamwork, bonding, and recognition of collaborative efforts.
  10. Flexible Work Arrangements: Reward exceptional performance with flexible work hours or the option for remote work.
  11. Employee Spotlight Blog: Regularly feature employees’ achievements and contributions in an internal blog to inspire and motivate the team.
  12. Social Media Shout-outs: Share employee success stories on social media platforms to showcase their accomplishments and build pride within the organisation.
  13. Inclusive Rewards: Offer a range of rewards, such as gift vouchers, experiences, or additional time off, to cater to diverse preferences.
  14. Employee Referral Program: Recognise employees who refer top talent to the company with referral bonuses or special incentives.
  15. Mentorship Opportunities: Acknowledge seasoned employees by offering mentorship roles to support and guide new hires.
  16. Innovation Awards: Recognise and celebrate employees who contribute innovative ideas that positively impact the organisation.
  17. Leadership Training: Offer leadership development opportunities to identify and nurture future leaders within the organisation.
  18. Surprise Treats: Surprise employees with treats or snacks delivered to their workspace to brighten their day.
  19. Wall of Fame: Establish a physical or digital wall to showcase photos and accomplishments of exceptional employees.
  20. Birthdays and Work Anniversaries: Celebrate employees’ birthdays and work anniversaries with small gestures or tokens of appreciation.
  21. Project Completion Celebrations: Commemorate successful project completions with team-wide recognition and celebrations.
  22. Continuous Learning Rewards: Recognise employees committed to expanding their knowledge with awards or incentives.
  23. Work-Life Balance Support: Support employees in achieving a healthy work-life balance and recognise their efforts in doing so.
  24. Employee Appreciation Day: Dedicate a special day to celebrate and recognise the entire workforce for their dedication and hard work.
  25. Family Appreciation: Extend recognition to employees’ families by organising family-friendly events or offering family-oriented vouchers.
  26. Customer Testimonials: Share positive customer feedback with employees, acknowledging their role in creating satisfied customers.
  27. Town Hall Recognition: Offer employees the opportunity to be recognised during town hall meetings for their achievements.
  28. Employee Art Showcase: Create a space to display and celebrate the creative talents of your employees, including paintings, photography, or crafts.
  29. Volunteer Recognition: Acknowledge employees who actively participate in volunteering activities or community initiatives.
  30. Personal Growth Support: Recognise employees’ personal goals and support them through flexible schedules or sabbaticals.
  31. Remote Work Appreciation: Extend special recognition to remote employees who consistently deliver exceptional results.
  32. Customer Service Excellence: Recognise employees who provide outstanding customer service with awards or bonuses.
  33. Leadership Acknowledgment: Publicly recognise leaders who go above and beyond to support their teams and lead by example.
  34. Health and Wellness Challenges: Reward employees who participate in health and wellness challenges and demonstrate positive changes.
  35. Lunch with Management: Offer employees the opportunity to have a casual lunch with top management as a gesture of appreciation.
  36. Positive Feedback Sharing: Encourage managers to share positive feedback from clients or customers with the entire team.
  37. Diversity and Inclusion Awards: Recognise efforts to promote diversity and inclusion within the organisation.
  38. Green Initiatives Recognition: Celebrate employees who actively contribute to sustainability and environmental efforts.
  39. Skill Swap Program: Facilitate a skill swap program where employees can exchange knowledge and skills with their colleagues.
  40. Learning Circles: Organise learning circles where employees can share expertise and recognise each other’s contributions to the wider team.
  41. Employee Voice Platform: Provide a platform for employees to express ideas, opinions, and concerns. Recognise valuable input.
  42. Employee-Driven Rewards: Empower employees to choose their rewards from a selection of options tailored to their individual interests.
  43. Remote Team Building Challenges: Organise virtual team-building challenges and reward teams for their participation and creativity.
  44. Best Practice Sharing: Recognise employees who embody best practices and contribute to process improvements.
  45. Employee Appreciation Week: Dedicate a week to celebrate your employees with a series of activities and special rewards.

Implementing an effective employee recognition program can significantly impact workplace culture and employee engagement. By adopting these employee recognition ideas, your organisation can foster a culture of appreciation, motivation, and commitment among your employees.

Contact us to help kickstart your employee recognition today!

At highstreetvouchers.com, we are dedicated to supporting businesses like yours in creating a motivated and thriving workforce. Start implementing these recognition ideas today, and witness the positive impact they have on your employees, as well your organisation as a whole. By investing in your employees’ wellbeing and recognising their efforts, you’re laying the foundation for a brighter and more successful future for your company Contact us today, and help kick-start your employee recognition scheme today via our sister company Love2shop.

19 Employee engagement examples

19 Employee Recognition Examples

Employee recognition plays a crucial role in fostering a positive work environment and motivating employees to perform at their best.

By acknowledging their efforts, organisations can show appreciation for the valuable contributions employees make and reinforce a culture of recognition and appreciation.

In this blog post, we will explore 19 examples of employee recognition that can inspire you to implement effective recognition programs in your workplace. From formal to informal, tangible to intangible, and team-based to individual-based, these examples cover a wide range of creative and meaningful ways to recognise and reward your employees.

By incorporating these employee recognition ideas into your organisation, you can cultivate a culture that values and celebrates the hard work and dedication of your team members.

So, let’s dive into some examples of rewards and recognition for employees and discover the power of employee recognition in boosting morale, engagement, and overall organisational success.

Formal Employee Recognition Examples

Formal employee recognition programs are structured initiatives that aim to acknowledge outstanding employee performance and achievements in a more official and public manner.

These employee recognition scheme examples demonstrate the power of formal recognition in highlighting exceptional contributions and motivating employees to strive for excellence.

  • Employee of the Month/Quarter/Year: Recognising an outstanding employee on a regular basis is a common practice in many organisations. It serves as a way to showcase individual achievements and inspire others to excel in their roles. This formal recognition not only boosts the morale of the recognised employee but also sets a benchmark for others to strive for.
  • Annual Awards Ceremony: Hosting an annual awards ceremony allows organisations to celebrate the accomplishments of their employees on a grand scale. It provides an opportunity to recognise individuals or teams for their exceptional performance, leadership, innovation, and other notable contributions. This formal event creates a sense of pride and appreciation among employees and strengthens the bond within the organisation.
  • Performance-Based Bonuses: Rewarding employees with performance-based bonuses is an effective way to recognise and incentivise their hard work. By tying financial rewards to specific goals and targets, organisations motivate employees to go above and beyond their regular responsibilities. This formal recognition demonstrates the organisation’s commitment to valuing and rewarding exceptional performance.

Informal Employee Recognition Examples

Informal employee recognition plays an important role in creating a positive work environment and fostering a culture of appreciation on a day-to-day basis.

These examples show the power of informal recognition in building strong relationships, boosting morale, and creating a sense of belonging among employees.

  •  Verbal Praise and Appreciation: One of the simplest yet most impactful forms of recognition are expressing sincere verbal praise and appreciation to employees. Taking the time to acknowledge their efforts, achievements, and positive behaviours can go a long way in making them feel valued and motivated to continue excelling in their work.
  • Thank You Notes or Emails: Sending personalised thank you notes or emails to employees can have a significant impact on their morale and motivation. These written gestures of appreciation provide a tangible and lasting reminder of the recognition received, making employees feel valued and recognised for their contributions.

Tangible Rewards and Incentives Examples

In addition to verbal and informal recognition, providing tangible rewards and incentives can further improve employee motivation and engagement.

These examples show how tangible rewards can be used to recognise and appreciate employees’ contributions, ultimately creating a positive and rewarding work environment.

  • Gift Cards or Gift Vouchers: Offering gift cards or vouchers as rewards allows employees to choose a reward that aligns with their personal preferences. This flexible approach ensures that employees feel recognised while also giving them the opportunity to select something meaningful to them.
  • Paid Time Off or Extra Vacation Days: Offering additional paid time off or vacation days as a reward allows employees to take a well-deserved break and recharge. This type of recognition acknowledges their commitment and dedication to their work while promoting work-life balance and employee wellbeing.
  • Special Parking Space: Designating a reserved parking space for the recognised employee can be a unique and personalised way to show appreciation. This tangible perk not only acknowledges their contributions but also adds convenience and a sense of exclusivity to their daily work routine.

Creative and Unique Recognition Examples

To further inspire and engage employees, organisations can implement creative and unique recognition initiatives that go beyond traditional approaches.

These examples demonstrate innovative ways to recognise employees and make them feel valued in the workplace.

  • Thank You Videos: Creating personalised thank you videos where colleagues and leaders express their gratitude and appreciation can be a heartfelt and memorable way to recognise employees. These videos can be shared during team meetings, company events, or through internal communication channels.
  • Skill Development Opportunities: Offering employees opportunities for skill development and growth can be a powerful recognition tool. It can include sponsoring attendance at conferences, providing access to online courses or workshops, or supporting professional certifications relevant to their roles.
  • Flexibility and Autonomy: Recognising employees’ need for flexibility and autonomy by allowing them to have control over their work schedules or giving them the freedom to make decisions within their roles can be a form of recognition. Empowering employees to have a sense of ownership and control over their work fosters engagement and a sense of trust.

Non-Monetary Recognition Examples

While monetary rewards are commonly used for employee recognition, non-monetary forms of recognition can be equally effective in motivating and engaging employees.

These examples highlight non-monetary ways to recognise and appreciate employees’ contributions and achievements.

  • Public Recognition: Recognising employees in public settings, such as team meetings or company-wide events, can have a significant impact. It can involve praising their accomplishments, sharing success stories, or presenting them with certificates of recognition in front of their peers.
  • Special Assignments or Projects: Offering employees the opportunity to work on special assignments or projects that align with their skills and interests can be a form of recognition. This shows that their capabilities are recognised and valued within the organisation.

Peer Recognition Examples

Peer recognition plays a crucial role in building a positive and supportive work culture. When employees acknowledge and appreciate each other’s contributions, it creates a sense of community and boosts morale.

Here are some examples of peer recognition that can inspire a culture of appreciation within your organisation:

  • Peer Nominations: Implementing a peer nomination program where employees can nominate their colleagues for recognition can be a powerful way to celebrate achievements. This can include categories such as teamwork, innovation, leadership, or going above and beyond.
  • Team Celebrations: Organising team celebrations to acknowledge and appreciate collective achievements can be a form of peer recognition. These celebrations can include team outings, group lunches, or dedicated time to reflect and appreciate the collective efforts of the team.

By fostering a culture of peer recognition, you empower employees to appreciate each other’s contributions, fostering a supportive work environment where everyone feels valued and motivated.

Public Recognition Examples

Public recognition is a powerful way to highlight employees’ achievements and inspire others in the organisation. It provides a platform for acknowledging exceptional performance and creating a positive work environment.

Here are some examples of public recognition that can have a lasting impact:

  • Employee Spotlights: Showcasing employees through regular spotlights on your company’s website, newsletter, or social media platforms is an effective way to publicly recognise their accomplishments. This allows their achievements to be shared with a wider audience, promoting their work and inspiring others.
  • Wall of Fame: Create a designated area in your workplace, such as a “Wall of Fame,” where you display photos or profiles of recognised employees. This visually highlights their achievements and serves as a constant reminder of the organisation’s commitment to employee recognition.

Public recognition not only rewards individual employees but also creates a positive atmosphere that motivates others to strive for excellence.

Celebrating Milestones and Achievements

Recognising and celebrating significant milestones and achievements of employees is a powerful way to show appreciation and motivate them to continue their outstanding work.

Consider these examples of milestone and achievement recognition:

  • Work Anniversary Celebrations: Marking employees’ work anniversaries is a meaningful way to recognise their loyalty and dedication. Organise special events, such as a team gathering or an office-wide celebration, to honour their commitment and contributions.
  • Project Completion Milestones: When a team successfully completes a challenging project or delivers exceptional results, celebrate their achievement. Host a recognition event, share project highlights, and express gratitude for their hard work and collaboration.

By celebrating milestones and achievements, you not only acknowledge the efforts of your employees but also inspire them to strive for excellence. Remember to tailor the recognition to the specific accomplishment and make it personal and meaningful for each individual.

Conclusion

Throughout this blog post, we have explored a diverse range of employee recognition examples that can inspire and guide your efforts in creating a culture of appreciation and acknowledgement in your organisation.

From formal to informal, tangible to intangible, and individual to team-based, these examples highlight the various ways you can recognise and reward your employees for their hard work and dedication.

While the examples above provided offer valuable insights, it is essential to remember that what works for one employee may not resonate with another. Taking the time to understand their preferences, strengths, and motivators will help you invest in an employee recognition platform that creates personalised recognition experiences that are truly meaningful and impactful.

By leveraging the examples provided and tailoring recognition to individual preferences, you can create a culture of appreciation that nurtures and empowers your workforce.

Employee recognition

What is Employee Recognition?

Employee recognition is not a feel-good gesture; it’s fundamental in driving the success and growth of any business. Not only is it an act of gratitude, but employee recognition is also an essential tool in unlocking the full potential of a workforce.

In this blog post, we’ll explore employee recognition, its significance, and its effects in the workplace. We will discuss employee recognition best practices that organisations can adopt to implement effective employee recognition and rewards programs, ensuring that their efforts are meaningful, impactful, and resonate with employees on a personal level. We’ll also examine how to measure its effectiveness as well as the benefits that employee recognition in the workplace brings to both individuals and businesses.

Join us on this insightful journey as we uncover the essence of employee recognition, its vital role in nurturing a thriving workforce, and the strategies that can turn employee appreciation and recognition into an advantage.

We’ll explore how partnering with an employee gifting company can elevate your recognition initiatives and create memorable experiences for your employees. At Appreciate, we understand the power of employee recognition, and we’re here to support your organisation in implementing effective employee recognition and rewards programs. Let us help you create a workplace where appreciation and recognition thrive, driving your company’s growth and success.

What is employee recognition?

It’s an act of acknowledging and appreciating an employee’s contributions, efforts, and overall achievements in the workplace. It can be as simple as saying thank you, or as elaborate as presenting an award or incentive. Employee recognition is a way to show employees that their hard work and dedication are valued and appreciated, which helps to develop a positive and supportive work environment.

At its core, employee recognition is about celebrating the hard work and dedication that employees bring to their roles. It goes beyond just an acknowledgement of their tasks, it extends to recognising their unique skills, and the positive impact they bring to the organisation.

Employee recognition creates a work environment that values and appreciates employees’ contributions. It builds a sense of belonging, trust, and motivation, inspiring individuals to go above and beyond in their roles. When employees feel recognised and appreciated, they are more likely to be engaged, motivated, and loyal to the organisation.

Types of Employee Recognition

Employee recognition can take many forms, including:

Personalised Gifts

Consider giving personalised gifts that reflect individual employees’ interests and preferences. It could be a custom trophy, a personalised thank-you note, or a gift basket filled with their favourite snacks. Personalised gifts show that you value employees as individuals and appreciate their unique contributions.

Experiential Rewards

Offer experiential rewards that provide memorable experiences for your staff. This could include tickets to a concert or sporting event, a weekend getaway, or a spa day. Experiences create lasting memories and show employees that their hard work is recognised and rewarded.

Professional Development Opportunities

Invest in employees’ professional growth by offering them opportunities for skill development or career advancement. This can include sponsoring training programs, attending conferences or workshops, or providing mentorship opportunities. Professional development rewards show your commitment to the long-term success of your employees.

Public Recognition Events:

Organise public recognition events to celebrate employees’ achievements and contributions. This could involve quarterly or annual award ceremonies, team lunches, or company-wide gatherings where employees are acknowledged for their good work. Public recognition events create a sense of pride and community among employees.

Flexible Work Arrangements

Recognise employees by offering flexible work arrangements that accommodate their personal needs. This could include options for remote work, flexible hours, or compressed workweeks. Flexible work arrangements display trust and understanding, and they contribute to employees’ work-life balance and job satisfaction.

  • Wellness Programs: Implement wellness programs that promote employees’ physical and mental well-being. This could involve providing gym memberships, organising yoga or meditation sessions, or offering mental health support resources. Promoting wellness shows that you care about employees’ holistic well-being.
  • Team Building Activities: Arrange team-building activities that encourage collaboration, communication, and healthy competition among employees. This could include off-site retreats, team-building workshops, or volunteer activities in the community. Team-building activities foster a positive work culture and strengthen relationships among employees.
  • Thank-You Notes and Public Appreciation: Encourage employees to express appreciation for their colleagues through thank-you notes or public appreciation platforms. This allows employees to recognise each other’s contributions and builds a culture of gratitude and support within the organisation.

By using various forms of employee recognition, organisations can create an inclusive and supportive work environment that fosters motivation, job satisfaction, and overall engagement. These practices not only demonstrate appreciation for employees’ hard work but also inspire them to continue performing at their best and contribute to the success of the business.

Remember, the key to effective employee recognition is aligning the rewards with individual preferences and interests. Take the time to understand what motivates each employee. Consider conducting surveys or one-on-one conversations to gather insights into their preferences, hobbies, and future goals. Tailoring recognition efforts to individuals ensures that the rewards are meaningful and have a lasting impact.

The Benefits of Employee Recognition

Both employers and employees benefit from employee recognition and rewards programs. Employers experience improved performance, engagement, retention, branding, and innovation, while employees enjoy increased motivation, job satisfaction, wellbeing, career growth, and a positive work environment. By understanding these benefits, organisations can implement effective recognition and rewards strategies to create a win-win situation for all parties involved.

Benefits of employee recognition for Employers:

  • Increased Employee Performance: Employee recognition and rewards programs improve employee performance, leading to increased productivity and better results for the organisation.
  • Enhanced Employee Engagement: Recognition and rewards foster employee engagement, resulting in proactive behaviour, ownership, and alignment with organisational goals.
  • Improved Employee Retention: Recognising and rewarding employees reduces turnover, saving costs associated with recruitment, onboarding, and training.
  • Attraction of Top Talent: Strong recognition and rewards programs enhance the organisation’s reputation, making it more attractive to highly skilled individuals.
  • Positive Work Culture: Recognition and rewards contribute to positive work culture, promoting collaboration, teamwork, and open communication.
  • Increased Employee Morale: Recognising and rewarding employees boosts morale, leading to higher job satisfaction, lower stress levels, and better overall well-being.
  • Enhanced Customer Service: Engaged and motivated employees provide excellent customer service, resulting in positive customer experiences and increased loyalty.
  • Positive Employer Branding: Recognition and rewards contribute to positive employer branding, attracting customers, partners, and top talent.
  • Increased Innovation and Creativity: Recognised employees feel empowered to share innovative ideas, leading to a culture of innovation and organisational growth.

Benefits of employee recognition for Employees:

  • Increased Motivation: Recognition and rewards motivate employees to maintain and exceed their performance levels, driving personal growth and job satisfaction.
  • Feeling Valued and Appreciated: Recognition and rewards show employees that their contributions are valued, fostering a sense of appreciation and job fulfilment.
  • Career Growth Opportunities: Recognition and rewards can lead to promotions, career advancements, and skill development, providing opportunities for professional growth.
  • Enhanced Job Satisfaction: Recognised employees experience higher job satisfaction due to a positive work environment and the acknowledgement of their efforts.
  • Improved Well-being: Recognition and rewards contribute to lower stress levels, higher morale, and overall well-being, leading to a healthier work-life balance.
  • Increased Self-esteem and Confidence: Being recognised and rewarded boosts employees’ self-esteem and confidence in their abilities, driving higher levels of performance.
  • Peer Recognition and Respect: Recognition programs encourage peer-to-peer acknowledgement, creating a supportive and collaborative work culture.
  • Sense of Belonging and Loyalty: Recognition and rewards create a sense of belonging, loyalty, and commitment to the organisation.
  • Personal and Professional Development: Recognition and rewards can provide opportunities for learning, skill-building, and personal growth.

5 Key Elements of Effective Employee Recognition Programs

Timeliness

Timeliness is a crucial element of effective employee recognition programs. Recognising and rewarding employees promptly after their achievements or contributions reinforces the behaviour and sends a clear message that their efforts are valued. Timely recognition also helps to sustain motivation and encourages employees to continue performing at a high level. For example, a team member who closes an important deal could receive immediate recognition through a personalised email or a team announcement during a weekly meeting.

Specificity

Specificity in employee recognition is essential to make employees feel truly appreciated and valued. Instead of generic praise, recognising employees for their specific accomplishments or behaviours provides clear feedback and reinforces the desired actions. For instance, instead of saying, “Great job!” a manager could say, “I appreciate your exceptional problem-solving skills in resolving the customer issue, which resulted in a positive customer review and increased customer satisfaction.”

Personalisation

Personalisation adds a personal touch to employee recognition and makes it more meaningful. Tailoring recognition to the individual employee’s preferences, interests, or values shows that they are valued as unique individuals. It could involve offering rewards that align with their hobbies or providing flexible work arrangements that suit their personal needs. Personalised recognition demonstrates a genuine understanding of employees’ contributions and enhances the emotional connection between employees and the organisation.

Consistency

Consistency is key to the success of employee recognition programs. Recognition should not be a one-time event, but an ongoing practice that is integrated into the company culture. Regular and consistent recognition reinforces positive behaviours and creates a sense of continuous appreciation. This can be achieved through monthly or quarterly recognition ceremonies, spot recognition programs, or peer-to-peer recognition initiatives. Consistent recognition ensures that employees feel valued consistently, leading to higher levels of engagement and motivation.

Inclusivity

Inclusive recognition programs ensure that all employees, regardless of their role or position within the organisation, have equal opportunities to be recognised and appreciated. Inclusive recognition promotes a positive work environment where every individual feels valued and respected. Recognition can be designed to accommodate different types of contributions, such as teamwork, innovation, leadership, or customer service excellence. By embracing inclusivity, organisations foster a sense of belonging and enhance overall team morale and engagement.

8 Tips for Implementing an effective employee recognition program

Implementing employee recognition programs effectively is crucial to ensure their success and impact on the workforce.

Here are some practical tips to consider below:

Clear Communication

Effective communication is vital when implementing an employee recognition program. Clearly communicate the objectives, criteria, and expectations of the program to all employees. Use a variety of channels, such as company-wide emails, team meetings, and internal newsletters, to ensure that everyone understands the purpose and benefits of the program.

Manager Involvement

Managers play a key role in employee recognition. Encourage managers to actively participate in the program by regularly recognising and appreciating their team members’ efforts. Provide training and resources to managers to help them understand the importance of recognition and how to deliver it effectively. Managers should lead by example and foster a culture of appreciation within their teams.

Feedback Loop

Establish feedback loops to gather insights and suggestions from employees about the recognition program. Conduct surveys, hold focus groups, or establish an anonymous suggestion box to collect feedback on the program’s effectiveness and areas for improvement. Actively listen to employee feedback and adjust accordingly to ensure the program resonates with employees’ personal needs and preferences.

Measuring Effectiveness

Develop metrics and measurement systems to evaluate the effectiveness of your recognition initiatives. This can include tracking employee engagement surveys, retention rates, productivity levels, and feedback from performance evaluations. Analyse the data regularly to establish the impact of the recognition program on key performance indicators (KPIs) and make data-driven decisions to enhance the program.

Adapting Based on Feedback

Use employee feedback as a guide for refining and adapting your recognition initiatives. If certain aspects of the program are not resonating with employees, adjust them accordingly. Continuously monitor the program’s effectiveness and make necessary changes to ensure it remains relevant and impactful.

Celebrate Milestones

In addition to ongoing recognition, celebrate significant milestones such as work anniversaries, project completions, or major achievements. This demonstrates a long-term commitment to employees and highlights their contributions over time. Consider organising special events or providing additional rewards to mark these milestones.

Recognise Different Contributions

Employee recognition should not be limited to specific roles or achievements. Recognise employees at all levels and across various functions for their contributions. Appreciate not only outstanding individual achievements but also teamwork, innovation, and positive behaviours that align with company values. This inclusive approach ensures that all employees feel valued and motivated.

Continuous Improvement

Employee recognition programs should be dynamic and evolve over time. Regularly review and refine your recognition initiatives based on employee feedback, changing business needs, and industry trends. Stay open to new ideas and innovative approaches to keep the program fresh and engaging.

By implementing these practical tips, businesses can create effective employee recognition programs that promote a culture of appreciation and drive employee engagement and satisfaction. Remember, employee recognition is an ongoing process that requires commitment and adaptability to meet the evolving needs of the workforce.

The Role of Employee Gifting in Recognition Programs

Employee gifting plays a significant role in enhancing the effectiveness of recognition programs. It goes beyond verbal praise and adds a tangible and personalised touch to expressing appreciation. Here’s why employee gifting is crucial in recognition efforts:

Expressing Value and Appreciation

Customised and thoughtful gifts demonstrate that employees are valued and appreciated for their contributions. When employees receive a gift tailored to their preferences and interests, it shows that their efforts have been recognised and celebrated. This boosts their sense of belonging and emotional connection to the organisation.

Motivating and Engaging Employees

Employee gifting can be a powerful motivator. When employees receive a meaningful gift, it serves as a tangible reminder of their achievements and encourages them to continue performing at their best. It creates a positive association between recognition and reward, driving increased engagement, productivity, and loyalty.

Creating a Lasting Impression

Thoughtful gifts have a lasting impact on employees. They serve as reminders of the recognition they received and can evoke positive emotions even after the initial moment of appreciation. This creates a positive work environment where employees feel valued and encouraged to go above and beyond.

Streamlining the Gifting Process

Partnering with an employee gifting company can streamline the gifting process for organisations. These companies offer a wide range of gifting options to suit various preferences, budgets, and occasions. From personalised items to experiential rewards, they provide a curated selection that ensures employees receive meaningful and high-quality gifts.

Providing a Wide Range of Gifting Options

Employee gifting companies offer diverse options that cater to different tastes and preferences. This allows employers to choose gifts that align with their company culture and the individuality of their employees. Whether it’s tech gadgets, wellness products, or unique experiences, the variety of choices ensures that gifts are relevant and appealing to recipients.

Enhancing the Recognition Experience

Employee gifting adds an element of surprise and delight to the recognition experience. It creates anticipation and excitement within your workforce, making the recognition process memorable and enjoyable. The act of receiving a physical gift adds a personal touch and enhances the emotional impact of recognition.

Partnering with an employee gifting company simplifies the process of selecting and delivering gifts. These companies offer expertise in curating unique and meaningful gifts, ensuring that each recognition moment is special and tailored to the individual. They handle logistics, packaging, and delivery, allowing your staff to focus on the core aspects of employee recognition.

10 Tips for Implementing Employee Recognition in Your Company

 Introducing or enhancing an employee recognition program can have a lasting impact on your company culture and employee engagement. To help you navigate the process successfully, here is a step-by-step guide for implementing employee recognition in your organisation:

Define Your Objectives

Clearly articulate the goals and objectives of your employee recognition program. Identify the desired outcomes, such as improving employee morale, increasing productivity, and fostering a positive work environment. Having a clear vision will guide the design and implementation of your program.

Conduct a Needs Assessment

Assets the current state of recognition within your organisation. Gather feedback from employees to understand their preferences, expectations, and what types of recognition they value the most. This will help tailor the program to meet their needs and increase its effectiveness.

Design the Recognition Program

Based on the insights gathered from the step above, design a comprehensive recognition program that aligns with your company values and culture. Determine the types of recognition and rewards you will offer, such as verbal praise, certificates, monetary incentives, or experiential rewards. Consider both formal and informal recognition initiatives to ensure a well-rounded approach.

Set Clear Criteria and Guidelines

Establish transparent criteria for recognising and rewarding employees’ achievements and contributions. Ensure that the criteria are fair, consistent, and align with your company’s performance expectations. Communicate these guidelines to all employees, so they understand how recognition is earned and what behaviours are valued.

Get Leadership Buy-In

Gain support and endorsement from the company’s leadership team. Communicate the benefits of employee recognition and how it fits into the company’s strategic objectives. Show the positive impact it can have on employee engagement, productivity, and retention. Leadership support is important for securing resources and encouraging participation from all levels of the organisation.

Communicate and Educate

Develop a communication plan to introduce the employee recognition program to all employees. Clearly communicate the program’s purpose, benefits, and guidelines. You should also provide training and resources to managers and supervisors on how to effectively recognise and reward employees. Continuously educate employees on the program’s updates and success stories to maintain momentum and engagement.

Implement a Recognition Platform

Consider implementing a digital recognition platform to streamline and centralise the recognition process. These platforms enable employees to easily send and receive recognition, track their achievements, and create a culture of appreciation. A user-friendly platform can enhance participation and make recognition more visible across the organisation.

Monitor and Evaluate

Establish metrics and feedback mechanisms to measure the effectiveness of your employee recognition program. Regularly collect data on participation rates, employee satisfaction, and the impact on key performance indicators. Request feedback from employees through surveys or focus groups to identify areas of improvement and make necessary adjustments.

Recognise and Celebrate Milestones

Celebrate the milestones and successes of your recognition program. Share success stories, highlight outstanding achievements, and publicly recognise employees who embody your company values. This develops a culture of appreciation and encourages others to strive for excellence.

Continuous Improvement

Employee recognition is an ongoing process. Regularly assess the program’s effectiveness and adjust based on feedback and changing employee needs. Stay updated on best practices and industry trends to ensure your recognition program remains relevant and impactful.

By following these steps and addressing common implementation challenges, you can successfully introduce or enhance your employee recognition program. Remember, a well-designed and effectively implemented program has the potential to rejuvenate your company culture, increase employee satisfaction, and drive organisational success.

Measuring the Impact of Employee Recognition

It’s important to Measure the return on investment (ROI) and effectiveness of your employee recognition initiatives to ensure their success. By evaluating the effects of your employee recognition efforts, you can identify areas of improvement, measure the program’s effectiveness, and showcase its value to stakeholders.

Considerations for measuring the impact of employee recognition include:

Define Metrics

Determine the specific metrics you will track to assess the impact of employee recognition. Consider both qualitative and quantitative measures that align with the objective of your program. Key metrics may include employee satisfaction and engagement, retention rates, productivity levels, customer satisfaction scores, and even financial indicators such as cost savings or revenue growth.

Conduct Surveys and Feedback Sessions

Implement regular surveys and feedback sessions to gather insights from employees regarding their perception of the recognition program and its impact. Use surveys to measure employee satisfaction and the effectiveness of specific recognition initiatives, and gather suggestions for improvement. Feedback sessions, such as focus groups or one-on-one discussions, can provide valuable qualitative data and deeper insights into employee experiences.

Utilise Recognition Platforms

If you utilise a digital recognition platform, leverage its analytics and reporting capabilities. These platforms often offer built-in tracking tools that provide valuable data on recognition activity, participation rates, and engagement levels. Analyse the data to identify trends, high-performing teams or individuals, and areas where recognition efforts may need adjustment.

Analyse Performance Metrics

Assess performance metrics before and after implementing the recognition program to identify any positive changes. Compare productivity levels, employee turnover rates, customer satisfaction scores, or other relevant metrics to measure the impact of employee recognition on these key areas. This data can help demonstrate the correlation between recognition and improved performance.

Benchmark Against Industry Standards:

Compare your organisation’s recognition program and its impact with industry benchmarks and best practices. This provides context and allows you to see how your efforts stack up against similar organisations. Look for industry reports or surveys that highlight the average impact of recognition initiatives on employee engagement and other relevant metrics.

Seek Employee Testimonials and Success Stories

Encourage employees to share their experiences and success stories related to the recognition program. Employee testimonials provide first-hand accounts of how recognition has positively influenced their motivation, job satisfaction, and overall engagement. These stories can be a powerful tool for illustrating the impact of recognition initiatives.

Regularly Review and Adjust

Continuously review the data and feedback collected to assess the effectiveness of your recognition program. Identify trends, patterns, and areas for improvement. Use this information to make data-driven decisions and refine your recognition strategies. Regularly communicate the program’s impact to key stakeholders to maintain support and momentum.

Consider External Surveys and Research

In addition to internal measurement efforts, leverage external surveys and research to gain broader insights into the impact of employee recognition. Look for studies or reports that examine the relationship between recognition, employee engagement, and business performance. These external sources can provide additional validation and support for your measurement efforts.

By measuring the impact of your employee recognition initiatives, you can demonstrate their effectiveness and make informed decisions to optimise your program. Whether through surveys, data analysis, or employee testimonials, gathering and analysing feedback allows you to continuously improve and tailor your recognition efforts to maximise their impact on employee satisfaction, retention, productivity, and ultimately, the overall success of your organisation.

Wrapping up…

Throughout this blog post, we have explored the significance of employee recognition and its effects on the workforce. We have discussed the key elements of effective recognition programs, the importance of creative and meaningful recognition ideas, practical tips for implementation, and the measurement of recognition’s impact.

Employers play a crucial role in creating a work environment that values and appreciates employees. By implementing comprehensive employee recognition programs, businesses can unlock the full potential of their workforce. It is essential to act and invest in recognition initiatives that align with the company’s culture and values.

One key aspect of successful recognition programs is the role of employee gifting. Customised and thoughtful gifts have the power to make employees feel valued and appreciated on a personal level. By partnering with an employee gifting company, employers can streamline the gifting process and access a wide range of options to suit individual preferences and interests.

It is time for employers to recognise the strategic advantage of employee recognition and embrace its transformative power. By acknowledging the hard work and contributions of employees, businesses can create and build on a positive work culture, boost productivity, enhance job satisfaction, and even improve customer satisfaction.

Can Employee Gifting Solutions help your business?

 Ready to take your employee recognition program to the next level? Discover the power of employee gifting and how it can elevate your recognition initiatives. At Apprentice, we specialise in providing thoughtful and customised employee gifting solutions that make a lasting impact.

Invest in your employees, ignite their potential, and watch your business thrive. Together, let’s make employee recognition a strategic advantage for your organisation.

Five unhappy workers at a Christmas Party

Is a bonus better than a Christmas party?

Christmas is the time of year when everyone looks to let their hair down – and everyone loves a works Christmas party… right?

Well, to a point. While many people in work get excited about the works Christmas ‘do’, others contemplate it with a quiet dread. There are even some who simply aren’t bothered.

And research supports that. A 2022 study by global workforce consultancy Resource Solutions found that in the UK only 37% of workers expect a Christmas party from their employer and of those who don’t, 42% would prefer a gift or bonus.

Reasons for not wanting a Christmas party included: not celebrating Christmas (11%), not wanting to socialise with colleagues (34%), or preferring to arrange something with close colleagues (30%).

Do people really not like Christmas parties?

Until the pandemic there had been an acceptance that extroverts ran the workplace – the go-getters, the self-starters, the risk-takers and the networkers.

While those attributes are still admired, remote working allowed individuals who are motivated differently to shine, highlighting the valuable contribution quieter workers can make.

As writer Jade McAndrew-Barlow put it: “Now, the calm consideration of introverts is having a moment. They are finally valued for all the wonderful things they contribute to the workplace.

“In all the rush and tumble, introverts take time to deliberate, assess and consider the little details and how they will inform the bigger picture. They bring a calming and reassuring presence.”

It’s estimated that between 25% and 40% of people are, to some degree, introverts. In other words, people who prefer a quieter life, both at work and in their spare time. For them, Christmas parties may be something to be endured rather than enjoyed.

In addition to that, the rich diversity of the UK workforce means that for a significant number of people, Christmas is simply not a relevant holiday. Different faiths have different key gifting and feasting moments to celebrate friendship and togetherness that mean more than Christmas.

Festive stress

The work Christmas party is an event that can cause even the more extroverted among us to take a deep breath.

With its excess of food and drink, sometimes loud, lewd and inappropriate behaviour that keep HR teams busy through January, the festive do is an obstacle course where the prize is often a sore head and some stories that will be heavily edited and recounted for 12 months until everyone is fed up hearing them.

Add to that the expense of buying a new outfit, hairdo, paying for taxis (and maybe even hotels) and suddenly, even if the employer is footing the bill for the party, the event can end up hitting workers in the pocket.

With the cost of living stubbornly rising, is it time to rethink the Christmas Party?

Say thanks – and mean it

So if we ditch the Christmas party how to we reward employees for their hard work this past year?

The challenges posed by the rising cost of living – high food and fuel prices and rising mortgage and energy costs – are getting worse. What your staff may really appreciate this time of year is a little bit of help with the cost of Christmas.

Love2shop’s Employee Value Report 2023 may hold the answer. The report surveys workers across the UK to find out how they feel about their employer and the impact of reward and recognition strategies.

One key finding in this year’s report was that 6-in-10 workers said receiving spontaneous gifts at key times of year, such as Christmas, from their employer made them feel valued.

In addition, 57% felt that days off, multi-retailer gift cards or flexible working were the best ways to reward staff.

And a huge 90% of workers said they felt more valued by their employer after receiving a multi-retailer gift card – such as Love2shop.

What’s interesting about that is, when asked what they would spend such a gift card on, 34% said it would help towards their weekly shop.

The increased cost of living effectively means that giving a gift card can help your employees with their day-to-day shopping – possibly freeing up additional money for them to spend on their families at Christmas.

What’s more, 57% of respondents also reported that their productivity increases when they feel valued.

So with people facing a challenging Christmas this year, instead of giving them an extra cost to worry about, why not make things a little easier for them with a Christmas gift?

Don’t be a Grinch

Rethinking the Christmas party isn’t an excuse to simply do away with any sort of festive cheer.

An astonishing 32.5% of UK employers were offered neither a bonus nor a party in 2022, according to research published by Employee Benefits Magazine.

And the Love2shop Employee Value Report 2023 found that 39% of people felt their employer was not generous at all. Indeed, when asked how does your employee show their generosity, as well as spontaneous gifting and organised team events there were also examples like: ‘providing biscuits’ and ‘giving shout-outs on conference calls’.

Employees who feel recognised and valued are happier, more productive and less likely to leave your business.

And gifting is easy thanks to HMRC’s Trivial Benefits provisions. This allows gift cards or e-codes up to the value of £50 to be given as gifts tax-free, with no national insurance contribution or paperwork – so there’s no excuse.

Let us help make Christmas special

Love2shop is one of the best known gifting brands in the UK. Available as a gift card, e-gift card or voucher, Love2shop is accepted by around 150 retailers.

These include well-known brands such as Marks & Spencer, Iceland, Matalan, Argos, Costa, Harvester and many more. Staff can even use Love2shop holidays to put vouchers towards a getaway with more than 150 leading tour operators.

The Love2shop Business team is here to help you get your Christmas gifting right. Love2shop offers a selection of fun festive card designs to choose from. You can even order personalised cards with your business branding on them, although you need to be quick as the deadline to order those is October 20.

Christmas parties can be a great part of the festive mix but if you really want your teams to feel valued and rewarded in an inclusive way this year, it’s worth considering a new approach.

Get in touch with our team today or visit business.love2shop.co.uk to find out how we can help.

Avoid the Christmas rush and plan your rewards now

Although it’s still August and the barbecue may be sizzling in the garden, Christmas is not that far away.

Now is exactly the right time to start planning how you want to recognise the hard work and achievements of your employees at the end of the year.

2023 has been another challenging year for both individuals and businesses across the UK. Although they’ve eased a little, energy prices remain high, helping fuel inflation, making goods and services across the board more expensive.

But thanks in large part to the hard work and imagination of their staff, companies and organisations are weathering the storm. UK employers are showing remarkable resilience through one of the toughest economic periods in decades.

Christmas is a great time to show employees that you appreciate their contribution – this year maybe more than ever. Many businesses typically wait until October, November or even later to start planning Christmas bonuses, gifts or parties for staff. But that old adage ‘it’s the thought that counts’ still holds true. It’s better to plan early and do it properly.

Don’t just give, make staff feel valued

Every savvy husband or wife knows a well-planned gift or surprise is worth a lot more than a bunch of flowers and a card from a petrol station grabbed at the last minute.

The same goes for gifting and rewarding employees. There are different ways employers can think about rewarding their teams this Christmas and, surprisingly, HMRC offers some help in this area.

The Trivial Benefits exemption allows you to give employees tax-free, non-cash gifts of up to £50 per person. So what kind of gifts are we talking about?

The best, most flexible way to give using this provision is gift cards or e-codes. The team at Love2shop Business are the experts in this area. For decades they have been working closely with more than 150,000 employers across multiple sectors, delivering gift card and contactless e-gift card products that allow you to give the gift of choice to your team.

Avoid the Christmas party pressure?

The traditional Christmas party is a festive staple but with the increased cost of living crisis still affecting everyone, would your employees thank you for giving it a miss?

While research from events experts Togather reveals that the average cost-per-head to a business for a works Christmas party is £70, there are deeper costs for your employees to consider.

Even if as an employer you plan to cover the entire cost of a meal, venue hire and drinks, your team will still face the cost of taxis or accommodation, outfits, and other additional expenditure they probably haven’t planned for. The rising cost of living means many find it harder to afford a big night out, so perhaps this year it’s worth looking at a different approach.

Small gifts, big rewards

In 2022, Love2shop published its first Employee Value Report following a UK-wide survey of workers. This found that almost 10m UK workers – around a third of the total workforce – felt undervalued at work.

This coincided with the rise of the phenomenon known as the Great Resignation’. This saw an increasing number of people willing to leave jobs where they didn’t feel appreciated or sufficiently well rewarded.

Consequently, a hefty 74% of dissatisfied employees, according to the study, were ready to up sticks and look for another job.

The good news, however, was that for those employers willing to give a little, the benefits were huge. The report found 76% of employees felt valued or recognised when their employer spontaneously gave them a gift, with 52% adding that the feeling of value it gave them made them more productive.

It also discovered that 60% of employees ranked days off, flexible working and multi-retailer gift cards as the best forms of workplace gifting. They are proven to be a powerful addition to any staff retention strategy.

Love2shop is one of the UK’s leading gifting brands. Offering, gift cards, contactless digital e-gift cards and physical vouchers, Love2shop products are accepted by around 150 retailers nationwide.

These include well-known brands such as Marks & Spencer, Iceland, Matalan, Argos, Costa, Harvester, Tui, Jet2Holidays and many, many more.

Bring some festive cheer

One of the more interesting aspects of the Employee Value Report was an insight into how people used their gift cards – with many putting them towards groceries.

Of course, most will still use them to purchase a treat for themselves or their loved one but it was a sign of the economic climate we are in that using gift cards to help offset the weekly food shop – or even their Christmas dinner!

So planning ahead to ensure your employee Christmas gifts are sorted soon means you can present them earlier. This will help your team plan to reduce the cost of Christmas and bring a whole new dimension to the ‘season of goodwill’. A gift card today is much more than just a token of appreciation. It can provide a lifeline at Christmas, a time of the year when many people find their finances squeezed.

Beat the rush

As we stated earlier, proper planning is essential when it comes to getting rewards right. The closer we get to Christmas, the more lead times and postal pressures can have an impact. There is also a level of expectation from employees today around workplace gifting and appreciation. According to Love2shop retailer Marks & Spencer: “As well as elevated business demands, employee expectations have increased, too.

“Staff are no longer content with a bottle of wine or box of chocolates from their employer at Christmas. They expect to be treated to thoughtful gifts regularly throughout the year – to reward performance, celebrate special occasions and ‘just because’.”

The Love2shop Business team are here to help. Start thinking about your Christmas rewards programme today, even if you are sat on the beach, and get in touch with our team to discuss our range of products and services.

The clock is ticking – the deadline to order Christmas gift cards featuring your own business branding or any personalised features is October 20.

Employers and managers are busy with what is happening today, of course. But that is all the more reason to plan our Christmas rewards in advance and ensure we don’t put ourselves under more pressure as the festive season approaches.

Rewards are a powerful motivator when it comes to productivity and staff retention. Give well thought-out rewards to your team and they are more likely to reward you with a motivated and driven workplace.

For more information or to contact the team visit business.love2shop.co.uk.

Choosing the right rewards will help your business weather 2023’s early storms

What challenges will businesses face in 2023 – and how can they overcome them? Frank Creighton, Director of Business Development at Love2shop – guides us through business experts’ forecasts for 2023.

For the first time in a long time, the new year does not herald the unknown. Businesses and households are facing economic challenges set to last until at least midway through the year before experts predict things will begin to slowly recover.

We face a difficult period. But by making the right decisions and focusing on people –employees, customers, partners or resellers – we will be in position to capitalise when the economic upturn comes.

Cast your mind back 12 months. There was a degree of cautious optimism throughout the economy as the world emerged from two dark years of COVID, with experts forecasting a steady recovery.

Within two months, the global economy was in chaos following Russia’s invasion of Ukraine. It brought war back to Europe triggering a huge rise in energy and food prices that sparked a global inflationary crisis.

We are still living with the impact of that ongoing conflict – recently the International Monetary Fund (IMF) said the subsequent recession is currently impacting one-third of the planet. But overall, the economy has settled and become a little more predictable.

There is always a glut of incredible (and not so incredible) predictions for a new year, but I hope you’ll agree that the ones I’ve selected from leading economic experts will offer some words of wisdom for your business in 2023.

A tough start – so make your investment count

In December, the Confederation of British Industry (CBI) downgraded its forecast for the UK economy1 which it now believes will contract by 0.4%. It predicts business investment will be 9% below pre-pandemic levels.

This, it adds, will lead to a year-long fall in consumer spending as squeeze on households continues. Inflation is believed to have peaked but will remain significantly above the Bank of England target this year.

Alpesh Paleja, CBI Lead Economist, said: “Another recession in the space of two years is tough-going. A second year of high – albeit falling – inflation will hit households hard, especially those lower down the income distribution.

“With cost pressures remaining high, many businesses will also be operating in a tough trading environment.

“While it’s some consolation that the upcoming recession will be shallow, it’s concerning that longer-term weakness in productivity and business investment appears to be bedding in. It does not bode well for living standards.”

Similarly, the British Chambers of Commerce, (BCC) which represents Britain’s small and medium-sized businesses, is forecasting a recession lasting 15 months for the UK economy2 with a contraction of 1.3% in 2023.

Alex Veitch, Director of Policy at BCC, said: “BCC research has shown that business confidence has been falling for months. Very few firms will be willing to invest as they face a wall of higher prices, interest rates and taxes.”

With such investment pressure, we all need to make sure that the money we do put into business makes a real difference. Within that, I believe it has to retain skills and talent which presents costs and resource challenges which can affect real-time business deliverables.

Real-terms investment in pay is just one way to do that, however. Employees who feel secure and valued by their employer are more likely to stay. Love2shops latest Employee Value Report found that 36% of employees in the UK say their employer never – or hardly ever – acknowledges their work, while 52% believe their output increases when they feel valued.

Showing your workforce appreciation for their work is one of the most cost-effective ways to improve performance and retain talent – it can be as simple as a thank you or an early finish.

For those who want to create a rewarding system that is transparent and fair, there are affordable solutions that can automate the management of employee reward schemes and deliver data on their impact, such our own modular Love2shop Engagement Platform.

But employers who create a culture of respect and appreciation will see a significant impact on business performance in 2023.

Squeezed incomes will hit discretionary spending

Unfortunately, from a consumer perspective, it is likely that the effects of the recession will last most of the year as inflation and interest rates remain high. Households will reduce spending either because they simply do not have any disposable income or they want to keep what they have in case things get harder.

Yael Selfin, Chief Economist at accountancy giant KPMG, said: “The increase in energy and food prices during 2022, as well as higher overall inflation, have significantly reduced households’ purchasing power.

Rising interest rates have added another headwind to growth. Lower income households are particularly exposed to the mix of current price pressures, as the most affected spending categories largely fall on necessities, with few substitutes in the short run.

“Households are expected to rein in spending on discretionary items in 2023 in response to the squeeze on income.”3

Meanwhile, Richard Walker, Managing Director of frozen food chain, Iceland (available on Love2shop Gift Cards, vouchers and Contactless Digital Mastercard), said basics such as bread and milk were up 50% in 20224, adding: “We are far from out of the woods. Those who are really on a budget and struggling the most will feel it most painfully.”

But all is not lost. Customer loyalty rewards can help businesses of any size to maintain and increase revenue-per-customer.

Despite cutting back, consumers are more likely to remain loyal to brands in which they have trust and where they see value in being a regular customer.

Brands that operate loyalty or reward programmes that engage customers see, on average, a 15%-25% increase in spending, according to management consultancy McKinsey5. As such, it’s important to foster loyalty within your customer base through a strategic reward proposition. This ensures that customers see value in continuing to spend with your business.

Meaningful rewards will improve recruitment and retention

At Love2shop, we have an enormous cross-section of clients and from every business sector you can imagine.

Over the past five decades we have worked with more than 150,000 companies helping them implement engaging loyalty and reward schemes for both customers and employees.

Looking at this rich source of data across a range of economic peaks and troughs, we believe one of the biggest themes for companies in 2023 will be retention. Winning new customers is always a focus but it can be expensive.

The standard rule of thumb is that it costs around five times more to attract a new customer than retaining an existing one, with new customers also tending to have a lower spend until they become loyal advocates.

Meanwhile recent research has proved that increasing retention rates by just 5% can boost margins by between 25% and 95%.

The Great Resignation 2.0

Similarly, recruiting and training a new employee costs significantly more than retaining and developing an existing one.

Eye-opening figures from the Office for National Statistics (ONS) in December revealed that since the beginning of the COVID pandemic in early 2020, around 565,000 people had left the workforce and had become what is called ‘economically inactive’ – in effect they had retired.

This is part of a wider trend that saw almost three million people change jobs during the same period – a phenomenon known as the Great Resignation

It remains to be seen how that plays out in 2023. However, research commissioned by employee wellbeing specialist, Unum UK6, has revealed nearly one-fifth of the UK workforce (19%) plan to look for new jobs in 2023 – sparking fears of a Great Resignation 2.0.

Unum Chief Executive, Mark Till, said: “Between employees planning to seek new jobs for better benefits or a higher salary and those saying they’ll look at the prospect of a second job, more than 10m workers may make big employment decisions next year.

“It’s important for employers to understand these workers’ needs which include better employee benefits.”

Love2shop recently issued its Love2shop Employee Value Report revealing that 75% of employees believe companies who gift or reward staff regularly are likely to attract and retain a better calibre of employee.

The report also found 41% of those who feel undervalued believe regular rewards from their employer – such as additional days off or gift vouchers – would give them a greater sense of value.

It is worth referencing that research from the Gift Card & Voucher Association (GCVA) reveals 39.5% of consumers received at least one gift card over the last three years through work rewards or incentives.

Evidence is mounting that people are becoming more selective when it comes to where they want to work and how they spend their money. Genuinely forward-thinking, evolving businesses are seriously thinking about how they can attract and retain customer loyalty and employee talent to see them through the challenges 2023 holds.

It is abundantly clear that rewards and incentives must play a central role. Only by offering greater genuine value to employees and customers can you expect them to remain loyal to your business. And needless to say, if any reader wants to shoot the reward and recognition breeze, please find me on LinkedIn and I will respond pronto!

 

Sources:

1 – https://www.cbi.org.uk/media-centre/articles/no-new-year-cheer-for-uk-economy-with-productivity-and-business-investment-weakening-cbi-economic-forecast/#:~:text=The%20economy%20is%20likely%20to,%25%20in%20our%20last%20forecast

2 – https://www.britishchambers.org.uk/news/2022/12/bcc-economic-forecast-long-road-to-recovery-after-over-a-year-of-recession

3 – https://home.kpmg/uk/en/home/media/press-releases/2022/12/living-standards-take-a-hit-as-the-uk-enters-protracted-recession.html

4 – https://www.grocerygazette.co.uk/2022/12/19/iceland-boss/

5 – https://www.mckinsey.com/capabilities/growth-marketing-and-sales/our-insights/next-in-loyalty-eight-levers-to-turn-customers-into-fans

6 – https://www.unum.co.uk/about-us/media/cost-of-living-crisis

 

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3 ways to maintain productivity if budgets get cut in 2023

With many HR professionals fearing budget cuts in 2023, how to keep stressed and struggling staff motivated so that your business comes through the recession strong is a real concern.

Across the UK economy, we are seeing workers take action because they are unhappy with their proposed pay awards – and a recent study shows that more discontent could be coming.

Budget cuts

According to a study by HR software company Personio, 55% of HR managers are expecting budget cuts in the coming months and 50% say their senior leadership team doesn’t prioritise employees.

These are worrying stats, as restricted budgets mean low or no pay rises or rewards – which has a direct impact on productivity.

Love2shop’ own research this year revealed that 52% of employees feel their output increases when they feel valued by their employer – so how can you maintain or increase productivity when faced with lower budgets?

Here are three tips to help maintain productivity during times of change and uncertainty.

Stockpile rewards

Rewards don’t have to be expensive to have a big impact – and some can be secured now to carry a company through until the next budget review.

Gift cards like Love2shop can be given as tax-free rewards up to the value of £50 per employee, and are a great way to show appreciation on an ad-hoc basis.

As the end of the financial year approaches, you can buy in gift cards in bulk now  so  if your business tightens the purse strings after April, you have enough  rewards to keep employees feeling motivated and valued well into 2023.

Don’t sacrifice the ‘Great Place to Work’ mentality

Everyone knows how the world of work changed through the pandemic, and hybrid models of working are more popular than ever. Keeping employees motivated and happy is not all about money, but ensuring they are happy.

When it comes to work culture, shifting again – either to a full work from home model to save office costs or a full office-based model to utilise your commercial space – is likely to have a negative impact on output.

In research conducted by employee review site Glassdoor, 58% of hybrid workers said their productivity was increased as a result of the working arrangements, while the same proportion said it had also helped them manage the cost of living crisis.

Give benefits that make a difference

From ‘office dog days’ to dress-down Fridays – some rewards and benefits just don’t cut it, especially in this current climate. Instead, look at other ways you can meaningfully benefit your workforce. For example, fresh fruit deliveries or ‘pizza Fridays’ have a real benefit by helping people save on food spend. Take that one step further and offer them an Everyday Benefits Card – a pre-payment card which offers a 7.5% discount on card loads and can be spent wherever Love2shop gift cards are accepted.

What’s more, employees can keep loading them up – always with the discount – to enjoy savings on everyday essentials all year round.

Want to make sure your business offers cost effective, meaningful employee benefits into 2023? Visit www.highstreetvouchers.com to find out more.

 Everyday Benefits Cards and Love2shop are flexecash products. Flexecash is the prepaid card platform that issues flexecash Love2shop Cards. This facility is provided by Park Card Services who are Authorised and Regulated by the Financial Conduct Authority to issue electronic money. FRN: 900016.

Love2shop Cards are regulated by the Financial Conduct Authority and as such we may need to complete an electronic identity check.

Read our previous blogs…

What is customer acquisition
50 Employee Perks
What is customer acquisition

What UK consumers want from their company this Christmas and beyond?

Every year we explore what employees want from their employers at Christmas, and beyond, and how you can get workplace gifting right – but in 2022 and 2023 it’s more important than ever.

From high earners to apprentices, inflation and recession are having a significant impact on household budgets and lifestyles. Many workers – even those considered to be in well-paid jobs – have swapped where to eat out for where’s the best value for groceries. Rising costs of energy and goods means the money people may previously have splurged at the shops is now going towards increased bills.

With workers under stress, how can you make sure that your Christmas gifting and your general day-to-day reward and recognition programmes are  well-received and makes a real difference to your employees? And importantly, as businesses also face rising costs, can you do it within a strict budget?

Is there still time to deliver a little something for Christmas 2022? Yes – who would turn their nose up at a digital gift card?

Why should you gift employees?

Many business owners may be reconsidering giving employee gifts this year, (Christmas or otherwise), thinking instead about saving money amid the challenging economic landscape. Others may simply not believe in employee gifting – feeling that the salary individuals receive  for their work is reward enough.

But research commissioned for the Love2shop Employee Value Report this year has revealed that 10 million UK workers – around a third – feel undervalued at work and 79% of those are looking for an alternative job.

Compare that to the fact that 76% reported they felt valued or recognised when their employer spontaneously gave them a gift and you can see that getting gifting right is key to retaining talent and reducing recruitment costs. Bear in mind that the vast majority of those looking for a new job have said that they are willing to stay in return for a simple sign of appreciation. It’s like the old adage: Ps and Ts go a long way.

Don’t know what to gift? Listen to your workforce

The Love2shop Employee Value Report for 2022 found that  60% of employees ranked days off, flexible working and multi-retailer gift cards as the best forms of workplace gifting.

While this is a consistent finding across such polls over recent years, our report found that, with the recession looming, 89% of workers awarded a multi-retailer gift card like Love2shop would not spend it on luxuries or experiences – in fact, they would use it to buy essentials like groceries, freeing up their cash to pay rising bills.

This is a clear indication of the growing pressure we all face and a sign that the most meaningful gift you can give as an employer this Christmas is something to help your colleagues get by.

It’s also worth remembering that small gifts up to £50 do not need to be declared to HMRC and are not subject to tax or National Insurance, which means no additional burden to your business.

A gift that lasts

With workers more likely to spend any extra money on just getting by, there is a certain employer satisfaction you can enjoy in offering a gift that helps them all year round – the Everyday Benefits Card lets a cardholder with an average family size to save over £1,300 each year

This is a prepayment card onto which you can load funds as a gift to each employee. The loaded funds are subject to a 7.5% discount – so every £100 loaded on only costs £92.50 – and employees can top up their funds all year with the same discount.

Their funds can then be spent in more than 90 outlets that accept Love2shop Gift Cards plus they can access additional savings on items like gift cards for major supermarkets, plus you can also pre-load funds onto their Everyday Benefits Card tax-free (up to the value of £50), to give them a little extra boost.

Over to you

If you haven’t set your Christmas staff gifts in stone yet, it’s worth taking a second to reassess your plans, especially during Christmas week when time is short and before you know it we’ll be in 2023. So if you need a quick fix, many business owners are ordering digital gift cards to bring a smile (and a sense of pride) to their teams.

If you want to talk about it, feel free to get in touch. We’ll be here to talk about Christmas right up until the 23rd of December.

Everyday Benefits Cards and Love2shop are flexecash products. Flexecash is the prepaid card platform that issues flexecash Love2shop Cards. This facility is provided by Park Card Services who are Authorised and Regulated by the Financial Conduct Authority to issue electronic money. FRN: 900016.

Love2shop Cards are regulated by the Financial Conduct Authority and as such we may need to complete an electronic identity check.

Read our previous blogs…

What is customer acquisition
50 Employee Perks
What is customer acquisition

Christmas is the ideal time to start rewarding your staff

With the worst cost of living crisis in many years now in full swing both people and businesses are tightening their belts.

According to the Office for National Statistics, 93% of adults in the UK reported an increase in their cost of living in August and September 2022. This hits low income households harder as they spend a greater proportion of their income, on average, on energy and food.

Inflation, currently above 10%, is close to a 40-year high. And economic research specialist Capital Economics is warning the cost of living crisis is turning into a cost of borrowing crisis.

It said people were increasingly turning to credit to pay for food and bills. This was backed up by data from the Bank of England which showed credit card borrowing rose at its fastest pace for 17 years in August.

Peter Tutton, head of policy, research and public affairs at debt charity StepChange, said people were “vulnerable to panic borrowing to try to fill the gap between their income and their essential spending”.

Businesses are also feeling the squeeze. Rising energy, stock and raw materials prices are creating a dilemma of how much to pass on to the hard-pressed consumer. This was brought into sharp focus by retail analysts Springboard in late October. It showed a decline in high street footfall of 3.3% and 1.5% in retail parks over one week.

Now Christmas is on the horizon and the ‘season of goodwill’ presents its own challenges. Weather is getting colder and heating bills are on the rise and people are wondering how they can afford to buy gifts and extra food.

Businesses are also battling strong headwinds as we head into the festive season. Costs of energy and raw materials have soared in recent months. Add to that a fiercely competitive jobs market which is making staff recruitment and retention all the more difficult.

According to corporate rewards and employee recognition specialist Love2shop, businesses across the UK could do more for their workers. Its Love2shop Employee Value Report 2022 found 33% of all of UK employees feel undervalued at work. And, alarmingly, it reported 74% of people said they would look for a new job if they felt undervalued.

Now you would imagine Christmas would be the perfect time to let your teams know how much their work all year round is valued.

However, rising overheads are putting a squeeze on available cash so offering any kind of bonus or reward to their employees presents a challenge. While their workers face a cost of living crisis, employers face a cost of GIVING crisis.

Another interesting statistic from the Love2shop report is that 76% of employees did feel valued or recognised when their employer spontaneously gave them a gift. And this does present a real opportunity.

Now, an easy route to this could be a trip to the wholesalers to bulk buy some bottles of wine and boxes of chocolates and give them out. However, it seems to lack a little thought and imagination. Like the husband who grabs a cheap bunch of flowers from a service station for his wife for their anniversary.

So how can an employer offer a reward that seems genuinely thoughtful, offers real help to employees struggling to make ends meet, and doesn’t cost the earth.

Love2shop has been helping companies across the UK do just that for more than 50 years. During that time is has partnered up with 150,000 businesses to help them provide rewards and recognition to both staff and customers.

Its Love2shop gifting products are available in both physical and digital form. Accepted by more than 90 big-name retailers across the UK, Love2shop is one of the best established and well recognised gifting brands in the UK.

Love2shop e-Gift card offers multi-choice digital reward codes can be delivered directly to your employee’s inbox. Recipients then exchange the balance for any of the top single-store e-Gift Cards or Love2shop Gift Cards.

Love2shop Contactless is the UK’s first digital gift card. It works with Apple, Samsung and Google phone wallets. Sent and received online, add to mobile wallet and it’s right there on their phone, ready to go. People can even schedule rewards to be delivered on Christmas Day.

Some people prefer something more tangible and the Love2shop Gift Card fit the bill. Cardholders can also exchange their balance online for e-Gift cards to capitalise on online sales.

And with a long tradition, the Love2shop vouchers have been a popular choice as a gift for many years and come with long expiry dates. With the cost of loving now an issue for so many people Love2shop is perfect as it can be spent on everyday essentials or luxuries such as day out experiences or meals.

Alternatively, Love2shop offers the Everyday Benefits Card. This offers all the advantages and flexibility of Love2shop, offering a 7.5% discount when a user loads up their card. So, a card load of £100 costs the recipient just £92.50. They can then use their card to shop with multiple top brands.

And they represent really good value for businesses. They can cost as little as £6 per card if 1,000 cards are purchased.

Frank Creighton, Director of Business Development at Love2shop, said: “We know from our own research, and from years of feedback from clients, the power of a carefully-targeted employee benefits and rewards programme.

“We are witnessing the phenomenon of ‘The Great Resignation’ where people are no longer prepared to remain in workplaces where they feel undervalued, are demotivated and believe no one is seeing or appreciating their efforts.

“We have worked with thousands of employers across multiple sectors, in the public and private sectors, over the years and we have the know-how and experience to make these programmes work for you and your teams.”

By utilising Love2shop Gift Cards, employers can take advantage of HMRC’s Trivial Benefits Allowance. This allows them to gift up to £50 in Love2shop Gift Cards completely tax-free to every employee in their organisation.

This offers a saving to the business of up to £48.10 per employee (for higher rate taxpayers), simply by delivering a non-cash gift. This makes gift cards a far more attractive means to say ‘thank you’ than cash issued through an employee’s salary.

Frank added: “Incentivising and rewarding people is what progressive and forward-thinking businesses do. It helps you hire and retain the right people, increases productivity and ultimately boosts the bottom line.

“Offering rewards also simply makes your workplace a nice place to be for everyone who works there. And it is easier and less costly to set up and run than you may think. What’s not to like.”

Flexecash is the pre-paid card platform which issues the Love2shop Cards. This facility is provided by Park Card Services Ltd who are Authorised and Regulated by the Financial Conduct Authority to issue electronic money. (FRN: 900016)

Read our previous blogs…

What is customer acquisition
50 Employee Perks
What is customer acquisition