Mixed Bag

4 Top Reasons to Switch to Online Employee Rewards

Written by Maanasi

Online Employee Rewards are Creating Workplace Equality

There is ample evidence to show employee rewards motivate employees to perform better and also make them more productive. However, in the Indian context, employees are not very happy with the employee reward model, as they feel they don’t the recognition they deserve. This unhappiness among Indian employees can be addressed by switching over to online employee rewards rather than using employee rewards in bulk.

Here are some of the reasons why offline reward system of purchasing bulk products and/or services may not be successful.

1. One Shoe Doesn’t Fit All

The current employee reward model tends to give employees in the same position and grade the same reward. This can be de-motivating for those employees who have worked hard to meet their KRAs. Such employees will feel their efforts are not appreciated by the organization since their peers, who didn’t meet their goals, also received the same reward. This method of buying the same product or service for all employees is preferred by organizations, as it makes it easier to procure the items. However, with online reward system employees can be given different rewards based on performance and grading. As a result, organizations can customize employee rewards.

2. Difficult to Collate Data for Rewards

In today’s work scene, the HR has to collate data on the performance of employees and then award employees based on their performance. However, this is a cumbersome and time-consuming process and can result in the HR slacking. So, many times, employees may not get the awards they have earned or what they deserve.

3. Doesn’t Guarantee Employee Retention

Offline rewards don’t guarantee employees will opt for long-term association with the organization. The moment an employee feels he or she has not been recognized for their hard work, they will be out looking for another job. Hence, it makes sense to switch to an online reward system that sends out a message to the employees – each employee is important to the success of the organization and they get rewarded based on their performance.

4. Prevents Wastage of Money

Many times rewards are not used by employees. This is a loss for the organization that spends money to procure them. This is usually in case of bulk purchases that are made to ease the burden on the HR rather than keeping employees in mind. However, this wastage can be prevented by giving employees customized rewards based on their performance. And, this is possible with the help of an online reward system.

Manipulative reward structures are never successful. To retain employees and make them work towards organizational goals, an organization has to truly appreciate the employee’s hard work and efforts. This is possible by switching from bulk rewards to online employee rewards that allow a certain degree of flexibility and customization. When this happens, employees will feel appreciated and recognized and this will pave way for them to perform better.

4 Top Reasons to Switch to Online Employee Rewards Maanasi Mixed Bag
Online Employee Rewards are Creating Workplace Equality There is ample evidence to show employee rewards motivate employees to perform better and also make them more productive. However, in the Indian context, employees are not very happy with the employee reward model, as they feel they don’t the recognition they deserve....
<p class="p1"><b>Online Employee Rewards are Creating Workplace Equality</b></p> <p class="p1">There is ample evidence to show employee rewards motivate employees to perform better and also make them more productive. However, in the Indian context, employees are not very happy with the employee reward model, as they feel they don’t the recognition they deserve. This unhappiness among Indian employees can be addressed by switching over to online employee rewards rather than using employee rewards in bulk.</p> <p class="p1">Here are some of the reasons why offline reward system of purchasing bulk products and/or services may not be successful.</p> <p class="p1"><b>1. One Shoe Doesn’t Fit All</b></p> <p class="p1">The current employee reward model tends to give employees in the same position and grade the same reward. This can be de-motivating for those employees who have worked hard to meet their KRAs. Such employees will feel their efforts are not appreciated by the organization since their peers, who didn’t meet their goals, also received the same reward. This method of buying the same product or service for all employees is preferred by organizations, as it makes it easier to procure the items. However, with online reward system employees can be given different rewards based on performance and grading. As a result, organizations can customize employee rewards.</p> <p class="p1"><b>2. Difficult to Collate Data for Rewards</b></p> <p class="p1">In today’s work scene, the HR has to collate data on the performance of employees and then award employees based on their performance. However, this is a cumbersome and time-consuming process and can result in the HR slacking. So, many times, employees may not get the awards they have earned or what they deserve.</p> <p class="p1"><b>3. Doesn’t Guarantee Employee Retention</b></p> <p class="p1">Offline rewards don’t guarantee employees will opt for long-term association with the organization. The moment an employee feels he or she has not been recognized for their hard work, they will be out looking for another job. Hence, it makes sense to switch to an online reward system that sends out a message to the employees - each employee is important to the success of the organization and they get rewarded based on their performance.</p> <p class="p1"><b>4. Prevents Wastage of Money</b></p> <p class="p1">Many times rewards are not used by employees. This is a loss for the organization that spends money to procure them. This is usually in case of bulk purchases that are made to ease the burden on the HR rather than keeping employees in mind. However, this wastage can be prevented by giving employees customized rewards based on their performance. And, this is possible with the help of an online reward system.</p> <p class="p1">Manipulative reward structures are never successful. To retain employees and make them work towards organizational goals, an organization has to truly appreciate the employee’s hard work and efforts. This is possible by switching from bulk rewards to online employee rewards that allow a certain degree of flexibility and customization. When this happens, employees will feel appreciated and recognized and this will pave way for them to perform better.</p>

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