e-gifting for staff: how rewarding helps retention
Everyone likes to be thanked for the work they do.
In fact, according to one study, employees who are thanked for their work are half as likely to be looking for a new job (26% versus 49%) and twice as likely to be highly engaged at work (60% versus 32%).
So it seems that one way to retain staff is to show real appreciation for the work they produce by recognising good work when it occurs.
But apart from vocally saying “thank you”, what are some of the best ways employers can really show appreciation?
We think that eGift cards, those most valued employee benefits and perks, might be the solution.
This article will explore how rewarding staff with eGift cards helps retention and discuss some of the benefits that come along with it.
What are eGift cards?
Firstly, what do we mean by e-gifting? E-gifting is a type of payment method that allows employees to purchase goods and services in a simple and secure manner. These vouchers are pre-paid and enable users to shop online without entering their credit card details. They can be awarded immediately so that the employee gets the reward and acknowledgement straightaway.
E-gifting is becoming an increasingly popular way to reward employees for exceptional performance due to its convenience and flexibility. Our eGifting scheme allows you to personalise your employee’s reward according to leisure activities, meaning you give a gift that really sends a strong message of thanks.
The eGifting employee benefits packages are flexible enough that you can select an eGift that allows your employees to choose from over 130 leading retailers.
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How do eGift cards help?
So, now we’re clear on what eGift cards actually are, how do they help your company retain your top talent?
1. Positive Impact on Company Culture
Firstly, eGift cards provide employees with an added incentive to perform well and enhance their productivity, and they also recognise each individual's value within the workplace. This recognition helps foster greater levels of trust between employers and employees which further contributes to job satisfaction and motivation.
2. Strengthen Internal Communications
Another way eGift cards help improve retention is by strengthening internal communication. Companies can easily send out customised vouchers via email or text message, rather than dealing with the hassle of printing physical vouchers.
Additionally, companies can track how many vouchers have been used and who has redeemed them, allowing for greater accountability when recognising employee performance or achievements.
3. Tailored Rewards for Different Purposes
Everyone’s different and everyone has their own taste.
An eGift card is flexible enough that the recipient can select the product they would like, whilst allowing for a degree of personalisation that allows the employer to demonstrate that they see the staff member as a valued individual.
Our eGifting employee benefits package allows you to choose from a variety of categories that best suits your employee. From “The Foodie” to “The Online Shopper”, you can select a category that shows you know and value them. The eGifts allow your employees to choose from over 130 leading retailers, such as John Lewis, ASOS, and Costa.
eGift cards provide an easy way to deliver tailored rewards that can be tailored to individual customer needs and tastes.
Improve retention with eGift cards
Staff who are thanked for the hard work that they do, are more likely to stick around, meaning your company can retain people who really add value to your business. eGift cards provide a crucial tool in the employers kit, one that helps you give personalised, attractive and highly valued rewards that really build loyalty helping your business grow.
