Who can Benefit from Employee Award Programs?

I answered a phone call a couple days ago from a prospective client who was interested in learning all the different industries our clients were in and also how these clients benefited from having an award program. I discussed a few examples of my clients and their particular industry challenges with the caller and how my clients overcame these challenges with the assistance of employee award programs. In this week’s blog post about benefits of employee award programs, I would like to share these industry specific award program examples with readers.

Industry: Small Businesses

Challenge: Healthcare costs

Solution: Wellness Employee Award Programs

Small businesses can benefit from an array of award programs but particularly due to the high cost of healthcare, wellness award programs can deliver a very high return on investment of $3 to $6 per $1 invested. Depending on employee feedback, wellness program goals are developed to serve the health and wellness goals of individuals. As these goals are achieved, employees receive recognition awards while the small business can expect to see a decrease in healthcare costs in as little as one year.

Industry: Education

Challenge: Engagement and Retention

Solution: Years of Service and Retirement Recognition Awards

Educational institutions are often challenged with engaging and retaining its best staff members. By formulating a recognition strategy that awards administrative staff and faculty for their years of service and also commemorates retirements, these organizations ensure staff members feel they are valued and respected. Formal employee recognition programs give equal attention and awards to staff members on a regular basis, helping to engage and retain them in the long term.

Industry: Construction

Challenge: Jobsite Safety Awareness

Solution: Safety Employee Award Programs

Construction employees and sub-contractors work in dangerous and varying jobsites every day, making the cost of insurance, workers’ compensation, injuries and even fatalities a drain on both employee morale and also profits. Construction companies often develop safety award programs that reward employees for attending jobsite safety awareness meetings and achieving safety goals. Safety award programs assist construction companies to lower absenteeism, lost time accidents, insurance premiums and increase productivity and profitability.

Industry: Recruiting/Staffing

Challenge: Meeting Sales Goals, Being Competitive

Solution: Incentive Employee Award Programs

Recruiting and staffing agencies are in a highly competitive market due to the lack of positions and the overflow of qualified people searching for work. Since many recruiting and staffing agencies have offices throughout the country, online incentive programs are an ideal solution because they allow employees to access the program anytime, anywhere. These low cost incentive award programs permit staff members to earn points that can be redeemed or banked for future use. Incentive award programs help to bridge sales gaps and motivate employees in order to make the agency more competitive.

Now that you have read a few examples of who can benefit from employee award programs, you can see how modern award programs are designed to serve specific needs of clients. Be sure to take a look at all the different industry case studies posted on our website.