Employee Recognition and the Coming War on Talent

Incentive Solutions (http://www.incentivesolutions.com) – The recession has driven US job satisfaction to the lowest levels in decades. Companies have cut staffing and benefits, leaving workers feeling overworked and unappreciated. When the economy improves analysts are predicting a mass defection of talent as unhappy workers seek new opportunities.

To reduce the loss of valued employees, companies should take measures to increase employee engagement and prevent burnout. Creating a culture of employee recognition is a solid first step, but it must be more meaningful than certificates and service award pins. Well-run employee recognition programs that reward employees for a broad range of desired behaviors (e.g. teamwork, cost saving ideas, embracing core values, etc.) can do wonders for improving morale, engagement and job satisfaction.

Running an employee recognition program can seem overwhelming, but there are vendors and systems available to simplify the task. One company is Incentive Solutions, a reward program services provider that delivers online employee reward programs through their RewardTrax® technology platform. In RewardTrax programs, managers award employees points for high performance and positive behaviors; employees can redeem their points for merchandise, tickets to live events and millions of other items. Incentive Solutions handles the technology and rewards end of things and
provides expert support.

RewardTrax includes a feature set designed to boost the impact employee recognition has on morale, job satisfaction and work engagement:

• Manager Banks: establishes manager point budgets for discretionary staff awards
• “On the Spot” awards: creates “instant award” certificates that bear point reward codes
• Email recognition certificates: delivers alerts when employees earn points
• Peer Points: enables employee-to-employee point “gifting”
• Quizzes and surveys: awards employees points for feedback and completing training
• Integrated reporting: tracks and reports program performance and budget

To minimize talent defection companies must establish an employee recognition culture well ahead of the inevitable economic recovery. A reward program service provider like Incentive Solutions can speed the process, creating a program that will drive worker engagement and satisfaction.

Via EPR Network
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Survive the Looming Talent War with Employee Recognition

Loyaltyworks (http://www.loyaltyworks.com) – Employee job satisfaction in the U.S. is at record lows. The prolonged economic downturn has forced many companies to cut staff and reduce benefits, leaving the remaining workers feeling overworked, undervalued and unhappy.

So what happens when the economy turns around? Many HR experts predict accelerated turnover of top talent as workers, feeling fed-up with their current situation, seek better opportunities.

To get ahead of the curve, companies should consider ramping up efforts to prevent employee burnout and boost engagement. Employee recognition plays a big part in this, but to be more meaningful than plaques and service award pins. Well-designed employee recognition programs with individualized rewards go a long way in showing appreciation to employees for a broad range of positive behaviors: being a good team player, saving costs, representing the core values of the company brand and culture, and more.

It might sound complicated, but there are systems and vendors that can help simplify the process. One example, Atlanta-based Loyaltyworks, offers full-service employee reward programs that run on their Software as a Service (SaaS) RewardTrax® platform. RewardTrax uses points as currency that employees can redeem online for travel, merchandise, tickets, live events and millions of other items. Loyaltyworks manages the technology and reward fulfillment, and provides account managers for support.

Via EPR Network
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Lakestar Media Has Online Visibility Covered for Figleaves.com

UK digital marketing agency Lakestar Media has been appointed by online lingerie retail specialist figleaves.com to increase its search engine visibility.

figleaves.com – an internet pioneer, founded in 1998 – is the ultimate online destination for lingerie, men’s underwear, loungewear, swimwear and an increasingly diverse product range. Now accompanied by a newly launched mobile app, the site attracts 1.2 million website visits per month and delivers to over 100 countries.

Lakestar Media has been tasked with ensuring that revenue generated by the pay-per-click (PPC) channel is maximised by working to a specific return on investment target.

Established in 2007, Lakestar Media is an online marketing agency with offices in Manchester and London. The company was founded by a team of digital professionals with significant experience of working for major UK brands.

Neil McKay, Lakestar Media CEO said “This is an important appointment for the agency and we are already making great headway in helping figleaves.com to achieve its goals. The brand is one of the founding UK internet companies and has become a leading online lingerie brand.

Julien Shirley Head of Digital Marketing said “Lakestar Media has quickly become an integral part of our marketing team, and in a short space of time has been able to reduce our acquisition costs and increase our sales”.

Via EPR Network
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