article thumbnail

Gamification in Employee Recognition: How it helps?

Vantage Circle

Gamification in employee recognition has emerged as a revolutionary approach in enhancing employee engagement and performance. As employees earn rewards and climb leaderboards, they experience a sense of accomplishment and belonging, which in turn boosts morale and productivity. So, let's get started!

article thumbnail

Top 10 Employee Recognition Ideas For Small Businesses

Vantage Circle

Are you seeking fresh and effective employee recognition ideas for your small business? From spot bonuses to annual vacation rewards, we'll explore various creative ideas designed to boost your team's morale, motivation, and productivity. That emphasizes the need to prioritize recognition over extravagant rewards.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Top Six Employee Recognition Trends of 2024

Vantage Circle

According to a Bersin & Associates study , organizations with effective recognition programs promoting employee engagement had 31% reduced voluntary turnover. Getting employee recognition right is tough - there's no two ways about it. The cost of employee turnover can be significant, often estimated to be 1.5

article thumbnail

12+ Creative Staff Bonus Ideas That Go Beyond Cash Rewards

Empuls

Bonuses have long been a favorite tool for employers to boost employee motivation and engagement. However, a 2021 study found that nearly 78% of employees feel more motivated when they receive a mix of both financial and non-monetary rewards. The challenge is that not all bonuses are created equal.

Bonuses 52
article thumbnail

What Is Informal Employee Recognition: Importance And Ideas

Vantage Circle

Amidst this pursuit, the significance of informal employee recognition has emerged crucial. The power of appreciating employees’ contributions in a spontaneous and informal manner has garnered increasing attention. The intention of this blog is to shed light on the importance of informal employee recognition.

article thumbnail

Guide To Drive Employee Recognition

Empuls

MGM Grand 1 , a Las Vegas hospitality company, realized the need to enhance employee engagement by following a value-driven employee recognition program. In its approach, the company successfully streamed employee satisfaction surveys, which showed an increase from 87.5%    What is employee recognition?

article thumbnail

How To Design An Effective Spot Bonus Program?

Vantage Circle

Although there are innumerable ways of rewarding your employees, rewards like spot bonuses undoubtedly win it. Unlike traditional performance-based bonuses typically tied to annual or quarterly reviews, spot bonuses can be awarded anytime. Why Give Spot Bonus to Employees? Hands down! Spot Bonus- What is it?

Bonuses 93