gvkamat
Hi Folks... Can you share with me some of the novel/innovative :idea: R&R practices that you have adopted in the Organization? regards... :idea:
From India, Mumbai
nadd_add@yahoo.co.in
Overview: In today’s competitive world, rewards and recognition plays an important role in motivating and retaining employees. Rewards and recognition is an important part in every HR plan these days. Rewarding the high performing and motivating others to become such is becoming mandatory in IT & BPO industry.

Current Practices:

1.Giving Store Vouchers like Shoppers stop, life style etc.

2.Giving cash prizes.

3.Giving articles (wide range of durables as per the level of performance).

4.Organizing holiday trips.

Challenges in Gifting:

Article Gifting:

The hassle of negotiating the price every time

Procurement and storage

Distribution of the articles to employees

Ensuring the products reach on time

Safety of the products

The appeal and the relevance of the products to the user.

Limited choice to the employees ( purpose of motivating them might get defeated)

Repetition of products which they might already posses

Cash Prizes: The industry is seeing a change in the trend of giving cash prizes. A cash award does not serve the purpose of gifting since it can be used for number of purposes.

Store Vouchers: The store vouchers as a gift for reward and recognition is forcing the user to use it in a shop like Shopper stop, Lifestyle etc where many of your gift recipients may not be comfortable in shopping. This also has a limited usage because these stores are present in only metros and upcoming cities.

The best solution:

Sodexho Pass Gift Vouchers the Best Way to Reward Your Employees:

Sodexho Pass Gift Vouchers are widely accepted at more than 6000 outlets in 175 locations across the country.

Wide range of outlets in all categories like Apparels, Restaurants, Jewellery, Consumer Durables, Bookshops, Medical Shops, Optical, Music Stores, Electronic outlets, Furniture, Footwear, Home needs, Theme parks etc.,

Stores like Shoppers Stop, Lifestyle, Westside, Pantaloons, Wills Lifestyle, Globus and other large stores also accept Sodexho Pass Gift Vouchers.

Sodexho Pass Gift Vouchers come in Convenient Denominations ranging from Rs.100 to Rs. 500.

Sodexho Pass Gift Vouchers can be personalized for achievements and other occasions.

Customization of jackets and voucher (Logo on Jackets, Jacket design etc.) is possible. (Based on volumes)

The Vouchers are valid for a calender year.

No Administration, Accounting or Logistic Hassles.

Naveed - Chennai

+91 98409 18089.

From India, Madras
Raghunath Sabat
20

Here are some ways you can recognize and reward your employees.

1. Plan a Surprise

2. Set up a Wall of Fame

3. Unplanned Treats

4. Provide Paid Time–off

5. Announce them on Social Media

6. Freedom to Pick a Project of Choice

7. Flexible Working

From India, Mumbai
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.





Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.