Our Ultimate Guide to Recognition and Reward aims to provide you with the tools to start understanding the reasons why organisations invest in an employee recognition and reward scheme, and how it could benefit your business.
If you’re already on board with the benefits of recognition and reward, this guide will provide you with everything you need to design, implement and evidence the business case for senior stakeholders and decision-makers, enabling you to roll out a world-class employee recognition and reward scheme that transforms your People experience.
Should you be looking for a recognition and reward platform, the guide contains a handy checklist of questions to ask and things to consider ahead of choosing a supplier.
This guide includes:
- The history of recognition and reward
- Key benefits
- Types of recognition and reward
- Real-world success stories
- Useful stats
- Choosing a platform partner
Why recognition and reward?
As an uncertain climate continues into 2023, HR leaders face the ongoing challenge of recruiting, maximising and retaining their most critical asset to success.
With 35% of employees predicted to leave their role in the next year, and shifts in workers’ priorities pushing employee recognition and reward schemes to the top of the agenda, businesses must revolutionise their engagement strategy in order to sharpen their competitive edge.
At Rippl, we understand the power of recognition and reward in driving engagement, productivity and retention – but don’t just take our word for it:
- 82% of employees are happier when recognised at work.
- Engaged employees are 87% less likely to leave their role and are 21% more profitable to the business.
- 41% of companies with peer-to-peer recognition schemes see an increase in customer satisfaction.
Which is why the Rippl experience leads to engaged users being 3x more likely to remain in their role.
Join the 70% of large employers rethinking their reward and benefit offer for 2023. Because happy people mean happy businesses.