In today’s competitive job market, retaining top talent and keeping employees engaged is more critical than ever.
If I have learnt anything over the last few years, especially in 2020 when we were faced with navigating a global pandemic, it’s important to celebrate the wins, however big or small. We can often be so focused on reaching the top of the mountain that we forget to enjoy the view of the climb up to the top. So, in 2022, we launched our ‘jar of happiness’ in the Lily Shippen offices. The purpose of the jar of happiness was simple; our team could pick out a prize from the jar whenever they had a win, and it included the entire team. The prizes ranged from free coffees, manicures or team Deliveroo lunches, and I am proud to say that the jar was a huge success.
In this blog, I will explain why we’ve taken our rewards platform a step further, and why we have gone to Mo to help us.
Boosting Employee Engagement
One of the primary reasons for launching our employee rewards platform is to boost employee engagement. Engaged employees are more likely to be committed to their work, provide exceptional service, and contribute innovative ideas to the organisation. According to a Gallup poll, organisations with highly engaged employees are 21% more profitable. Our platform will provide a mechanism to acknowledge and reward exceptional efforts, fostering a culture of recognition and appreciation.
Enhance Employee Wellbeing
Employee well-being goes beyond salary. It encompasses physical, mental and emotional health and a sense of purpose and belonging. Our new employee rewards platform offers a range of benefits and rewards personalised to each employee, helping them lead healthier and more fulfilling lives.
Fostering a Positive Company Culture
Company culture plays a crucial role in attracting and retaining talent. A culture of recognition and appreciation can significantly enhance employee morale and job satisfaction. Our employee rewards platform will help cultivate a positive company culture where employees feel valued, supported and motivated to excel.
Increasing Productivity
Ultimately, motivated and engaged employees are more productive. When employees feel that their contributions are rewarded and recognised, they are more likely to go the extra mile. Our new platform provides tangible incentives for outstanding performance, driving productivity and helping us achieve our company goals.
Customising Rewards to Individual Preferences
As discussed in my previous blog about securing the right talent for your business, not all employees are motivated by the same rewards. Some may be motivated by money, some by the opportunity to travel or career development opportunities. Our new platform allows employees to choose tips that align with their personal preferences, making the recognition experience more meaningful and effective. I love that one of my team could use the credits from their outstanding work towards money off Airbnb or Amazon, and it’s their choice.
I believe the launch of our new rewards platform is a testament to our commitment to our employees’ motivation and success. A motivated and engaged workforce is pivotal to our success as a company.
I look forward to the positive impact this platform will have on Lily Shippen and the lives of our employees.
