HiFives is an Employee Rewards Recognition and Engagement Software Platform that enables organizations to digitize, automate and transform their employee experience. The platform enables supervisors and co-workers to nominate, recognize and reward employees using a points-based system. Budget management, jury-based evaluation and multi-level approval workflows are built into the platform. It was launched in 2012 by senior industry professionals with background in technology and management.
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5 Tips to Make the Most of Your Service Awards.docx
1. 5 Tips to Make the Most of Your Service Awards
Employeeservicerewards, whichoften start at the five-year mark, areaway to
recognize how long an employeehas worked for an organization. Additionally,
service awards honor the specific accomplishments and contributions that an
employee has made while working for a company.
Many businessescreate these programson the assumption that staff members
wantto be acknowledged for their service. This leadsto a confusingprocedure
that tenured employees frequently find depressing. To bring out the most of
the service awards, a company should follow these 5 important tips:
Have goals and objectives that are well defined: One mustthoroughly
establish and measure the effectiveness of their employee service
rewardsfrom the beginning. A program willbe organized and effectiveif
a clear strategy is followed that includes goals and objectives.
Establish definite guidelines for a manager and employee
participation: Before the program is implemented, managers and staff
membersshould be fully awareof how to use it. Every manager needsto
knowhow the organizationrecognizesemployeetenureandshould keep
track of staff start dates on their calendars.
Offer unique Rewards and recognize the Individual Impact: Service
awards should be highly individualizedtothe recipient andshowcase all
of their noteworthy achievements during their time with the
business. Service awards should highlight the precisewaysin which the
recipient has benefited the business and the changes they have brought
about.
Send gifts What Workers Want: When it comes to employee service
rewards, a basic gift card or some outmoded business gear is not
sufficient. When presenting a service award, a company should learn
what an employee enjoys doing in their free time and then select a gift
accordingly.
Create moments of celebration and Incorporate Core
Values: Publicly recognizing an employee's service award strengthens
the bond between the worker and the workplace. Building and
maintaining relationships with a long-term staff dependson doing this.
An organization is bound together by its basic values. So they should
2. makesureto givemeaningful,personalizedpresentsthatalso reflect who
they are as an entity because every service award should be a reflection
of an organization's key values.
In anutshell,it can beconcludedifthese things arekeptinmindwhiledesigning
the service rewardsprogram then that would seriously benefit a company in a
variety of ways. Overall, the popularity and the profits of the company will
increase because of its productive employees.