Emerging Loyalty Marketing | RewardPort

1. emerging loyalty marketingemployee engagement and rewardsloyalty program Why is Employee Engagement Important for Retaining Employees? April 17, 2024by rewardporttheadmin PREVNEXT Employees for any business are their dedicated gems that contribute to the growth and success of the business. In order to keep these gems shining it is necessary for businesses to appreciate their efforts by integrating some employee engagement programs into their strategies. Any business would not want to lose its employees and replace them with new one’s hence, these employee engagement and loyalty programs are a must. Businesses these days are becoming more attentive to their

2. employees and are trying different ways to retain them, where employee engagement programs are trending. Why is Retention Necessary? Around 80% of HR experts have said that employee retention is a must for all the businesses and hence, it is imperative that certain strategies, employee engagement programs are implemented to ensure this. Employee retention is beneficial for the business as it helps to reduce the time and resources spent in the overall process of hiring and retaining which can be taxing for the business and even the employees involved in the process. Apart from this, productivity of the entire team dips in when these changes are being made, hence, the business faces certain challenges and losses. Furthermore, for every business’s success its employees are responsible and are to be appreciated via these employee engagement and loyalty programs. For this certain employee engagement rewards can be offered as a token of appreciation for their hard work and dedication. Impact of Employee Engagement When employees feel engaged and valued, they are more likely to continue working with the organization for a longer period of time. Employee engagement program are further required to ensure that employees can communicate openly about the issues they are facing, any challenges or hurdles. With an effective employee engagement and loyalty program, employees can openly communicate and grow in an appreciative environment. Along with this, it helps to make the workplace a better place for all. This contributes to the success of the business and its employees as the environment is good for all to work and their efforts are being counted, appreciated and rewarded. Furthermore, this supportive environment contributes to productive and effective working which results in being recognized and rewarded for their hard work. Moreover, here are some tips for you to follow while devising an effective employee engagement program. •Onboarding Sessions

3. One of the best ways to ensure employee retention is by starting it from the first day itself with a robust and detailed onboarding process. For this you can use internal communication channels to let the employees know about a new employee joining which can further help the new employees to settle down easily. Here you can offer the new employees certain appreciating tokens or onboarding gifts for them to have an enhanced experience. •Open Conversations Every month set a date aside for the employees to have an open conversation and discussion with the management regarding the issues and challenges they are facing. This would allow an easy flow of communication and allow both the parties to get on the same page. Furthermore, this would help the employees to feel heard, valued and comfortable once the issues are addressed from the management. •Peer to Peer Appreciations Another aspect of offering employees appreciation is the one that comes from their peers. Since peers work closely with each other, they can offer a better overview and appreciation of the peer’s work. Additionally, the appreciation coming from the peers have a major impact on the working efficiency and productivity as well. For this appreciation, different employee engagement rewards can also be integrated such as CineRewardz by RewardPort to offer free movie vouchers, Sweepstakes, and Scratch 2 Win to offer additional rewards. •Feedback Sessions Organizing detailed feedback sessions every few months can further help employees to communicate their challenges and issues while also offering their feedback on the management policies. This can help the management to better understand the employee’s needs and offer them suitable solutions. •Monthly Events Company getaways, dinners or any other events can be organized for the employees to engage and take some time off the work to relax. For this you

4. can either plan a dinner with the entire team, or plan an offsite trip while integrating AirPac by RewardPort to offer flight tickets and vouchers to the employees as a form of appreciation. •Internal Communication Lastly, having a robust internal communication channel to track the progress of the employees and their achievements based on which the employee engagement rewards can be offered. These rewards can however range from a couple of movie voucher tickets, discount coupons, social media recognition, to limited time subscriptions to certain OTT platforms and others by integrating RewardPort. As a result of integrating such employee engagement activities, it has been observed that 20% of employees feel motivated to offer new perspectives and ideas at the workplace and feel appreciated as well. It further indicates that having robust employee engagement programs will help the employees to have a better understanding and bonding with their employers and will be retained for a longer period of time. Employee Engagement with RewardPort In the best interest of employees and the employers having an effective employee engagement and loyalty program is a must and is to be implemented by all. Hence, it is important that these employee engagement programs should be integrated from a leading provider such as RewardPort. With RewardPort’s excellent and experienced team it becomes easier for the brands to integrate, track and manage these employee engagement rewards and programs. Furthermore, these can be customized as per the needs of the business and suit the requirements to offer better results. For more detailed you can get in touch with the expert team of RewardPort and get your employee engagement program integrated today.