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Instant rewards, instant impact
The document emphasizes the importance of rewarding and recognizing employees to enhance motivation, engagement, and productivity in a business setting. It discusses the psychological factors behind human behavior, suggesting that positive reinforcement through rewards can lead to behavioral changes and happier workforces. Additionally, it highlights the rise of digital rewards as a quick and impactful means of recognition, advocating for their implementation in modern workplaces.
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Instant rewards, instant impact
- 1. Dan Kelly Sales andMarketing Director, Corporate Rewards Instant rewards, Instant impact
- 2. Why is itimportant to reward people?
- 3. “Happy people are moremotivated”
- 4. People are themost valuable asset for a business… BUT The hardest area of running a business is engaging and motivating people, customers or employees
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- 9. Kairos is an ancientGreek word meaning meaning the right or opportune moment (the supreme moment).
- 10. If you cancreate those Kairos moments, special moments for the people you want to engage with, they will have a longer lasting, happy emotional bond with your business. Happy people are more motivated… right?
- 11. Reward: ‘an appetitive stimulus givento a human or animal to alter behaviour’
- 12. Recognition: ‘an appreciation foran achievement, service or ability’ oxford university press
- 13. So why ashumans, do we crave reward and recognition so badly?
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- 15. ‘The Reward Systemis a group of neurological structures that are critically involved in mediating the effects of reinforcements’ The Reward System – Olds & Milner 1954
- 16. The theory ofOperant Conditioning…
- 17. Operant conditioning: ‘Actions followedby reinforcement will be strengthened and more likely to be repeated in the future’ skinner
- 18. The act ofrewarding & recognising positively, reinforce behavioural change…
- 19. When we reward someone– that is the physical embodiment of recognition
- 20. The actual rewardappeals to the person as a pleasurable stimulus – the recognition makes them feel good inside so they are likely to repeat their action
- 21. Rewards are extrinsic motivators Recognitionis an intrinsic motivator
- 22. These factors driveour behaviour and the decisions we make. Positive reinforcement is with us from when we were young – starts from receiving a reward from our parents for doing well in school. We are conditioned to respond to these paradigms…if we do good we get rewarded
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- 24. Incentive Theory We are‘pulled’ by external goals Hockenbury & Hockenbury
- 25. Building on thisoperant theory, we now know that we are pushed by our internal needs, but we also have it within us to be ‘pulled’ towards external motivators – rewards, money and recognition
- 26. Why does thismatter in a business world? • In our DNA • People need to be rewarded • Makes happy workforce • Lower attrition • Increase productivity • Spontaneous celebrations – Fruit Friday, Bagel day, Massage day
- 27. Digital Rewards – thefuture now How?
- 28. How can wemake the act of rewarding impactful? • Rewarding people digitally is growing • It’s the quickest way to reward people • Provides an immediate response to stimulus • The next generation of tech savvy people are working within your business
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- 30. Digital rewards Speed ofaccess & Delivery Lower overheads Secure delivery Low financial value / high personal value Long lasting
- 31. What can youdo to deliver these rewards in the most efficient and impactful way?
- 32. A variety ofinstant rewards
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- 36. Summary Its in ourDNA – reward and recognition make us happy Happy people are more motivated Business leaders should leverage this Digitalisation allows us to maximise impact & longevity of reward Online platforms offer speed, control, consistency and measurement
- 37. Its easier thanever to make and instant impact – what’s stopping you!
- 38. Contact us today www.corporaterewards.co.uk Emailus: enquiries@corporaterewards.co.uk Call us: 0370 405 2020 Connect with us on LinkedIn: corporate-rewards-uk