Boosting Productivity with Employee Incentives

June 17, 2024
11:08 am

Unleashing Potential: The Power of Employee Incentives

Within all good businesses, HR teams and managers are always in search of ways to ensure employees remain happy and productive when working hard towards their goals. Recognising the hard work of your team not only boosts morale but also productivity. At SWIRL, we’ve seen first-hand how incentives programs (and rewards like our gift cards) can lead to incredible results in the workplace in terms of increased productivity.

The Impact of Incentives

The concept of employee incentives is straightforward: reward the behaviour you wish to promote.

While the premise is simple, the impact is profound. Statistics show that incentive programs can increase performance by up to 44%, highlighting the importance of rewarding staff when it comes to employee engagement strategies. You can read more about 2023 compensation statistics here.

Customised Incentives: The Gift of Choice

Every workforce is unique and so should be your approach to incentivising your teams. A ‘one size fits all approach’ can seem impersonal when it comes to reward strategies.

SWIRL Gift can be used at over 45 million locations in over 200 countries so you can be sure everyone can spend their reward in a way that is meaningful to them. Our cards are powered by Mastercard and are accepted both online and in-store, giving recipients the chance to choose their rewards for themselves while adding the much needed personal touch to your incentive program.

Recognising Effort: The Gift That Keeps on Giving

Why do staff incentives work so well? Studies show that acknowledgement for a job well done makes a big impact on employee satisfaction. When staff receive a tangible acknowledgement like a SWIRL Gift Card, it’s a clear sign that their efforts are appreciated and haven’t gone unnoticed. This recognition doesn’t just lift spirits; it boosts productivity. According to a recent study by Apollo Technical, employees with high morale are 87% less likely to leave their company, making staff incentives and rewards an investment in retention too.

Real Rewards for Real People

It’s no secret that tangible rewards like SWIRL Gift are loved by staff members of all industries ! Our cards provide considerable flexibility and choice—two critical factors that enhance the value of the reward. Employees appreciate the liberty to choose rewards that resonate most deeply with their personal preferences, be it technology, a fine dining experience, or a luxury item.

Drive Success with the Right Incentives

With the right employee incentives, you set the stage for success, so why not start today?

Choose SWIRL Gift Cards for your staff incentives and watch as motivation soars and productivity skyrockets. Click here to get more information on how to place an order with us or you can check out this article for more information on how to design and implement an effective employee incentive program in your organisation.