Online is the way forward

100 %
0 %
Information about Online is the way forward

Published on February 20, 2014

Author: corporate_rewards

Source: Online is the way forward Dan Kelly, Sales and Marketing Director, Corporate Rewards

Online is the way forward • Dan Kelly, Sales and Marketing Director at award-winning incentive recognition and reward, motivation and events agency Corporate Rewards, examines the impact of technology on incentive programmes today • Connect with Dan on LinkedIn.

Setting the scene • 21st Century is well underway • The impact of technology on our lives is ever-changing and evolving • Technological advancements are affecting individuals and businesses alike • Those who don’t keep up will suffer the consequences • This is also true of the incentives industry.

Incentives here and now • Recognition and motivation is an imperative in today’s workplace, not a ‘nice to have’ • The biggest development is the rapid introduction of online rewards programmes • Taking recognition online streamlines the process, presenting an array of benefits to companies and employees • There is no going back!

An old favourite • Vouchers had their place and were once the best available option • With vouchers come some unavoidable drawbacks: – easily lost, negating their impact as a reward – often ‘filed’ away in a drawer and forgotten about – there are absolute limits to where they can be spent – impersonal gift • Vouchers suggest instant gratification, but in reality they don’t carry the kudos that employers these days want, and need, to have.

Going online • Today’s businesses must keep up with technological advances • For incentives this means an online platform for: – cost-effectiveness – continuous employee engagement – results that everyone will want to know about • Giving money may seem a quick and easy option, but it doesn’t provide ongoing benefit to employer or employee.

The benefits • The initial start up period may require a little work and investment to establish • The ongoing programme will consistently and repeatedly reap benefits • For the employer: – Vastly reduced administrative burden – Clearer measure of ROI – Secure and efficient – Budgets easily managed – All staff can be engaged, regardless of location or shifts – Adaptability; facilitating new features or special promotions when required.

Communications • Online systems make employee engagement much easier • Running communications online is easy and instant • Company messages can be targeted to whichever employees you choose, whenever you choose • Employees can respond immediately, increasing user satisfaction • There is greater transparency for everyone: – Rewards and requirements can be set and communicated – Employees know exactly what they’re aiming for – Employees know they are being rewarded consistently and fairly

Targets • Online systems increase visibility • Companies can visibly link a reward to the reason it’s being given • Emphasis can be placed on specific criteria or high performance • This incorporates a previously unattainable sense of longevity • With cash rewards the act of giving is the end point; online points systems enable monitoring and progress towards a goal – a valuable two-way communication process.

Adaptability • This is an integral element of online programmes and crucial in a climate where things change and evolve so fast • As new rewards or roles become relevant, they can be easily incorporated into a programme • No laborious paperwork or new office processes are required • Refinements can be implemented so easily it will offset any initial setup costs and time use.

More choice • Taking incentives online improves the variety of rewards on offer • They can be available by different means, which makes your system personal • For example, items from a bespoke catalogue or a prepaid card • Virtual prepaid cards can extend this choice further with online spending power • It is not only extensive, but international and reinforces the online nature of your programme.

The greener choice • Modern businesses are under pressure to be environmentally friendly and sustainable • Online programmes fit perfectly into this agenda • It is a move away from paper vouchers or announcements • Online systems underline eco-friendly policies, boosting the feel-good factor and an image of modernity.

In summary • Online incentive programmes provide easy targeting of employees with personalised messages or rewards • It is a dynamic system that can accommodate your changing your business needs • An effective incentive scheme is essential if you want to continually engage, motivate and retain staff • The right rewards programme is proven to impact your bottom line: – Companies with high levels of employee engagement see a 19.2% higher operating income – Companies with low employee engagement see it drop by 32.7%

Get online! • Online is the way forward if you want your company to: – achieve 360 engagement with employees – keep your incentive programme forward-thinking – be considered by the best employees as a great place to work.

Find out more @CorpRewards Connect with corporate-rewards-uk Call us 0370 405 2020 Let’s start the conversation

Call us 0370 405 2020 8 The Courtyard, Timothy’s Bridge Road, Stratford-upon-Avon, Warwickshire. CV37 9NP email us

Add a comment

Related presentations

Brands are more invested today than ever before on curating and distributing paid,...

Marketers need to be creating and publishing original content across many differen...

As content marketing continues to increase in popularity in every industry, more m...

Il Direct Email Marketing (DEM) è una tipologia di marketing diretto che usa la po...

This presentation contains all 120 rules from Part 1 of the 2nd edition of "Email ...

Olá, somos o Paulo Bernardes e o Pedro Silvestre, temos uma ambição em comum de me...

Related pages

Is online the way forward? - The Hindu: Breaking News ...

Online learning and its pedagogy have to be engineered in a specific manner to meet the aspirations of a range of learners.
Read more

Home | The Way Forward

The Way Forward National Framework. Read the Final March 2015 version!
Read more

Online education is the way-forward in India - Yahoo News ...

New Delhi, Oct.15 (ANI): Internet bandwidths are revamping traditional modes of education with new dimensions and a better reach. Distance is no longer a ...
Read more

GTA5 Online PS4:-!RED is the way forward {GTA5 Online ...

... Jim Yosef-Firefly Race name : !RED is the way forward Race link : ... GTA5 Online PS4:-!RED is the way forward {GTA5 Online Funny moment ...
Read more


The official WayForward website. WayForward. Login / Register; Games; News; WayForums; Jobs; Support; About; WayForward.
Read more

Online is the way forward: Presidency University official ...

KOLKATA: The government may have scrapped the centralized online admission system for affiliated colleges of Calcutta University, but the ...
Read more

Online Language Dictionaries - the way forward - English ...

Principal Translations: the way forward n noun: Refers to person, place, thing, quality, etc. figurative (how to progress, what to do next) manera de ...
Read more

The National Framework | The Way Forward

This document is at the core of The Way Forward initiative. The National Framework guides ... the spring of 2013 by The Way Forward advisory committee ...
Read more

Recruitment - is Social the way forward? (Voice of Lumesse)

... is Social the way forward? The big shift in UK recruiting has seen a significant number of businesses bringing recruiting in-house, ...
Read more

Online is the way forward - Corporate Rewards UK

... and be considered by the best employees as a great place to work, then taking the incentives programme online is definitely the way forward. ...
Read more