4 workplace incentives that will retain your employees

The process of discovering, hiring, and nurturing great talent has become more refined as companies invest in best practices for attracting and retaining employees.

While many companies are still grappling with the fallout from the pandemic, others are starting to think about how to attract and retain employees in the "new normal." Workplace incentives that are meaningful, cost-effective, and applicable to the new way of working are more important than ever. Remote and cost-efficient incentives are particularly attractive to businesses that are looking to invest more in their employees.

Below, we’ve outlined four top workplace incentives that will boost team morale and retain employees:

Create productive workspaces

It’s common knowledge that inspiring workspaces can increase productivity and engagement amongst employees. This has led many companies to consider what options are available for employees who work from home, or who only come into the office a few days per month. One popular option is to offer a stipend to help cover the cost of office furniture and equipment for those who work from home, or to pay for access to a coworking space. This helps to ensure that employees have the resources they need to stay productive and engaged, even when they're not in the office.

Introduce flexible working hours

The workplace is evolving, and companies need to adapt if they want to successfully attract and retain employees. One way to do this is to redefine what flexibility is in the workplace. Giving employees the option to work remotely on a regular basis, choose which days to work from home, or have more flexible working hours, can make a big difference. This type of flexibility can help employees make it to a doctor’s appointment, take care of family members or friends, recharge and boost their mental health, and feel less stressed overall.

By offering this type of flexibility, companies can show that they are understanding and responsive to the needs of their employees. This can go a long way in creating a positive work environment.

Offer unlimited vacation days

At its heart, the idea behind unlimited vacation time is that employees can take as much time off as they want, as long as their work gets done. This means that, in practice, unlimited vacation time is actually quite limited. However, it can still be useful as a way to motivate employees to work hard on a difficult project, knowing that they will be able to take a week or more off afterwards. Ultimately, it is more about rewarding employees than offering them a free pass to take extended vacations.

Implement an employee rewards programme

By offering incentives, you can let your employees know that you value their contributions and that you are willing to invest in their development. Ultimately, an employee loyalty programme can help to build a stronger, more productive team. An employee loyalty programme that offers employee incentives is another great way to ensure that your employees feel appreciated for their efforts. By offering rewards for meeting certain goals, you can show your employees that their hard work is noticed and valued. Employee incentives can help to improve morale and motivation, and can ultimately lead to better performance from your team.

At Randgo, we create employee loyalty and rewards programmes that not only recognise the good work that your employees are doing, but motivate them to do more. With over a decade of experience in building tailored employee programmes, we know how to help businesses overcome their challenges and achieve their highest goals. Our programmes are designed to increase employee morale and satisfaction, two essential ingredients to improve employee retention and reduce employee turnover. If you're looking for a way to inspire your teams to deliver their best, contact us today and let us show you what we can do.

3 Ways to build high performing teams in the workplace

When you have a high-performance team working on a project, you can be confident that the work will be of the highest quality and that it will be completed in a timely manner.

A high-performance team is a group of people who are committed to working together to achieve a common goal. The members of a high-performance team are constantly striving to improve their individual skills, which in turn benefits the entire group. Over time, the members of a high-performance team will continue to hone their skills and become even more efficient and effective at achieving their goals.

There are a few key characteristics that are shared by high-performing teams. Firstly, successful teams have a clear and shared understanding of their goals. Secondly, effective teams communicate frequently and openly, with everyone feeling free to contribute their ideas. Lastly, high-performing teams have a strong sense of camaraderie and trust, which allows them to work collaboratively towards their goals.

These are just a few of the many factors that contribute to a team’s success. By fostering a positive and supportive environment, and ensuring that everyone is on the same page, you can set your team up for success.

  1. Create an environment of trust

Working to build trust among team members is the first step to creating a high performance workplace. For a team to work together effectively, trust must exist among team members and between members and the team leader. Trust is essential for team members to feel comfortable openly sharing ideas, working collaboratively towards collective goals, and feeling confident that their contributions will be valued. When team members trust each other and their leader, they are more likely to be creative, take risks, and push themselves and the team to achieve results.

  1. Communicate with clarity

When it comes to building trust and high performance, clear and open communication is key. When leaders are transparent about company, department, and individual performance, it sets the stage for professional growth and strengthens dedication to a common cause. This type of communication creates an environment where everyone is working together towards a common goal, and that goal is much more likely to be reached when everyone is on the same page.

  1. Incentivise exceptional performance

Creating a positive work environment can lead to happier and more productive employees - and productive employees are more likely to deliver high performance. Rewarding high performing employees for their successes and providing them with incentives to stay motivated can help create a positive work environment. A tailored employee programme can help take care of employees and their families, as well as influence their behaviour. By providing rewards and employee incentives, team members can feel appreciated and supported, leading to a more positive work environment.

At Randgo, we create employee loyalty and rewards programmes that transform average teams into high performance machines. With over a decade of experience in building tailored employee programmes, we know how to help businesses overcome their challenges and achieve their highest goals. Our programmes are designed to increase employee morale and satisfaction, two essential ingredients for a high performance workplace. If you're looking for a way to inspire your teams to deliver their best, contact us today and let us show you what we can do.

5 Ways to improve employee retention and reduce employee turnover

The high cost of employee turnover can be detrimental to businesses of all sizes, so it’s important to implement strategies to keep your employees happy and reduce turnover.

There are a number of factors that contribute to the high turnover rate in the modern workplace. A major contributor is the increasing number of job choices that employees have. In the past, people would often stay with one company for their entire career. Now, people are more likely to switch jobs every few years in order to find a better salary or benefits that suit their needs.

Strategies to reduce employee turnover can be costly and time-consuming, but they are an essential investment in the long-term success of any business. The job market is saturated with candidates, but hiring employees isn’t as easy or affordable as it once was. The cost of employee turnover can be high, so it’s important to take steps to reduce it.

There are a number of strategies businesses can use to improve employee retention and reduce employee turnover. We’ve outlined 5 of the most effective approaches below:

  1. Be selective in your hiring process

When you hire new employees, it is important to consider not only their skills, but also how well they align with the cultural and behavioral beliefs of your organization. One way to assess this is to ask behavioral interview questions that can help identify a candidate's personality and character. By hiring employees who have the right skills and who also fit in with the culture of your organization, you’ll have a greater chance to improve employee retention.

  1. Ensure effective onboarding

It is often said that the key to successful employee retention starts on the very first day of employment. It is crucial for employers to provide new employees with a clear understanding of the company mission and how their individual role can help contribute to the organisation's success. Having a benchmark for successful onboarding can help ensure that everyone is on the same page from the beginning and can help make the transition into the company much smoother for everyone involved.

  1. Provide opportunities for advancement

It's important to show your employees that you're interested in their success and willing to invest in their development. This means promoting from within when possible and encouraging employees to pursue their goals. Managers should schedule regular meetings with their team to discuss individual goals and how the company can help employees achieve them. By taking these steps, you'll create a more engaged and motivated workforce.

  1. Encourage a sustainable work-life balance

In order to attract and retain top talent, employers need to offer unique and competitive perks. For example, offering unlimited employee maternity and paternity leave for the first year of a child’s life or a stipend for annual travel can help employers stand out from the crowd. Additionally, the ability to utilise flexible work schedules and environments can also prove to be beneficial for employees. By offering these types of perks, employers can create a more attractive and appealing workplace for potential and current employees.

  1. Recognise and reward performance

Your employees need recognition and appreciation. A little congratulations can go a long way in making them feel appreciated. When your employees do something to go above and beyond, give them the congratulations they deserve. This will help create a positive work environment where employees can thrive, feel acknowledged, and stay motivated.

At Randgo, we create employee loyalty and rewards programmes that not only recognise the good work that your employees are doing, but motivate them to do more. With over a decade of experience in building tailored employee programmes, we know how to help businesses overcome their challenges and achieve their highest goals. Our programmes are designed to increase employee morale and satisfaction, two essential ingredients to improve employee retention and reduce employee turnover. If you're looking for a way to inspire your teams to deliver their best, contact us today and let us show you what we can do.

What is an effective employee performance management system?

A good per­for­mance man­age­ment sys­tem can help moti­vate and guide employees to achieve great things for an organisation. A well-designed system can also provide feedback and recognition for employees who are meeting or exceeding expectations.

Performance management is a field that is constantly evolving. This means that there is a constant need for an effective employee performance management system. New performance management trends emerge every year, and unfortunately, all too often, human resource departments get it completely wrong. This can lead to a number of problems, including a lack of productivity and poor morale.

Performance management systems are vital for any company in order to ensure that employees are performing to the best of their abilities. This leads to higher levels of productivity and creativity, and a more positive work environment overall. Additionally, these systems help to identify any areas where employees may need additional training or support. Thank­ful­ly, more and more com­pa­nies are now wak­ing up to the impor­tance (and result­ing ben­e­fits) of effec­tive per­for­mance man­age­ment sys­tems.

How is employee performance management defined?

Many people will immediately think of the annual performance review process when discussing performance management. However, the performance appraisal is only one component of what is considered to be performance management. Performance management is really a continuous process that helps individuals and organisations to achieve their goals.

The performance management cycle should bring together a number of different, integrated activities in order to create an ongoing process. This could include setting objectives, measuring progress, providing feedback, and taking corrective action where necessary.

By creating an employee performance management cycle that is tailored to the specific needs of the organisation, it is possible to create a process that is truly effective in driving results.

How does an effective employee performance management system benefit your business?

It is vital that employees feel valued and appreciated for the work they do and the effort they put in. If employee recognition is not a priority, this will most likely have a negative bearing on your voluntary turnover. Employees who feel valued and appreciated are more likely to be motivated and productive, and less likely to look for other opportunities.

What can you do to make sure that your employees feel appreciated?

5 Top strategies to combat employee churn and boost retention

As hard as it is to find the right people for a job, it can be just as difficult to keep them. The modern workplace has become complex and dynamic, with new opportunities for advancement and growth taking hold of the marketplace. So how do businesses retain their amazing employees?

Employee retention is one of the most important aspects of any business. A high rate of employee retention can foster a diverse, innovative team. When employees feel supported and are more likely to develop professionally, they're more likely to stay with the company for many years — leading to better long-term business results.

In an ever-changing workplace environment, it's crucial that companies pay close attention to employee retention. It is no longer enough to offer a steady paycheck - businesses must offer incentives and perks to retain the best talent. Employees who feel appreciated are more committed to their jobs and are more productive, which makes the investment in their happiness and development worth a business owner’s time and effort. 

To achieve high engagement levels, businesses need to focus on strategies that will increase employee satisfaction and help them understand how they fit into the greater team effort.

Create a culture of employee engagement

When employees feel disengaged, your company suffers on many levels: employee morale drops, productivity falls and employee churn increases — all of which damage your brand in the long run. Engagement surveys are a great way for leaders to gather information about what factors play into employee engagement (or lack thereof). This information can be used to guide future company decisions (such as employee benefits or wellness programs) or directly influence top-level leadership.

Employee surveys are an integral part of boosting productivity in the workplace. Giving employees a voice? Great! Showing workers you care about their wellbeing? Even better!

Make sure your employees feel seen and appreciated

When it comes to retention, recognition is one of the key components. Today, recognition is all about regularity and consistency — not just a single pat on the back or seeing your name in lights. To make that possible, your company should prioritize both social appreciation and monetary rewards — preferably by using a recognition platform that helps everyone get involved when they see someone doing something valuable.

It's one thing to say "thank you" to a person every once in a while. It's another entirely to build a culture of appreciation that employees can feel every day. If you want people to be their best, you need to reward them for their efforts. But what does this really mean? It means recognizing people at every level. Requiring managers to give more feedback, without fail. And giving team members opportunities for development and advancement.

Rethink your approach to recruitment

The most driven professionals thrive when they're surrounded by those who share their drive to succeed. That’s why it’s so essential that you build a team of employees who align with your business's mission and vision. In order to attract top talent, you need to give job seekers more than a job description — they need an inspiring mission and core values that make the company stand out from the crowd. What kind of culture does your company have? What are its key core values and vision? What drives your employees? Share these with candidates in detail on your career page and help them see exactly why they should work for your brand.

Provide plenty of opportunities for professional development 

One of the best ways to retain your employees and reduce employee turnover is by supporting their professional development. Providing educational opportunities will not just help you get more value out of every employee, but it also shows that you trust them — generating company loyalty and commitment. It can be as simple as offering reimbursement for continuing education courses or organizing industry events so that your staff can keep their skills updated.

Supporting professional development and continuous learning uplifts your employees and boosts retention. Any business that wants to be competitive in hiring needs to invest in their employees by providing them with the opportunity to explore courses and workshops, attend industry meetups, conferences, and shows — as well as gain certifications from third-party organizations.

Cultivate a workplace environment that employees want to be a part of

Culture is an important part of any business. If employees feel like they are expected to accomplish the same goals as their coworkers, as well as uphold a meaningful set of values, then they will be more willing to show up day after day, which ensures that your company’s assets continue to grow and thrive.

Every person who works for you should be on board with your company's mission, whether it’s providing lip balm to all of your customers or creating high-end hair products. They should know exactly how this mission impacts their everyday roles at the company, what they have to offer and how this helps your business thrive.

Keeping an eye on trends in the job market is helpful for any company that has employees. Regularly evaluating employee satisfaction levels is just as important: if you want to keep talented employees happy, you have to pay attention when they tell you what's working and what's not. At Randgo, we go one step further: we believe that knowing your employees is the key to presenting them with incentives that drive performance and motivation. For a customised employee incentivisation programme that takes the needs and desires of your employees into account (while aligning with the overall goals of your business), contact Randgo today

The A-Z guide to implementing an employee loyalty programme at work

Rewarding team members who go above and beyond to achieve specific milestones makes them feel special and, in turn, inspires them to work harder to achieve all of their (and your) goals.

If a company doesn't know what makes its employees feel valued, how can it hope to retain those employees? In today’s high-churn job market, employee rewards programmes aren't just about anniversaries and awards; they're about creating a positive work environment, ensuring that products and services are delivered to clients in the best way possible, and creating a high-performing atmosphere for employees and customers alike.

Start by asking your team how they would like to be rewarded

When it comes to team incentives, it’s important to consult the people that make up the team! The best way to do that is by sending out a survey for all employees to answer. The process of identifying and implementing the most successful rewards solution takes a little time and effort, but it’s worth it in the long run. The key is to get a feel for how your team would like to be rewarded. It’s important to make sure that whatever the idea, it’s meaningful enough to drive performance but also simple enough to ensure you can implement it without too much hassle.

Align your loyalty programme with your overall business goals

Everyone wants their rewards programme to be a success, but success can be a very vague term on its own. Make sure you’re heading in the right direction by defining what success looks like for your team and your business. Sometimes, it's about growing your business — acquisition, for example. Sometimes, it's about increasing employee loyalty. And other times, it's about contributing to a specific company culture. You’ll need to define all of your goals and order them according to priority in order to ensure that your employee loyalty programme will deliver the results you seek. 

Team up with a loyalty partner that can manage the logistics for you

Rewards programmes have a lot of moving parts — rewards, deadlines, and progress towards goals. It's best not to leave all of this up to your HR department to remember alone. An effective reward system needs some sort of infrastructure, such as systems to remind people of the rewards they can earn, systems that track what they've done to earn a reward and indicators that show how far they have to go before they can cash it in. It, therefore, pays to team up with a rewards programme partner who has the know-how to manage the logistics and ensure that your rewards programme is running at optimum efficiency. 

Ready to get started, but not sure who to approach to set up your employee rewards programme? Chat to a friendly Randgo team member to establish how a rewards programme can benefit your business and get started on your journey to maximum employee motivation.       

Set attainable milestones and goals

One of the key elements that make an employee rewards system successful is its ability to connect with the wider needs of the workforce. Rewarding people for solving problems is a great idea, but only if their problems are actually related to your company's product or service. Setting necessary benchmarks and attainable goals allow employees to have a sense of security, but it should also be easy enough for them to succeed.

Get started with a bang

To make sure your rewards programme is effective, you have to communicate with every team member about the reward scheme. You can’t expect people to know about it if you don’t tell them. To get started, organise an exciting launch event to drum up enthusiasm and go over the details of the scheme. Follow that up by sending a company-wide email, and feel free to talk openly about your rewards and incentives at company meetings — especially when a team member has achieved something great. The idea is to keep your team members informed and your rewards programme front of mind. 

Request feedback and adjust where necessary

To keep your loyalty programme up-to-date, always make sure you're getting regular feedback from both your rewards programme partner and your employees. This will help you identify any problems or low-performance areas within your programme and allow you to make the necessary adjustments to keep everyone satisfied. By asking for regular feedback, you can tweak your programme to ensure that all benefits or rewards on offer are popular and valued. This should ideally be done anonymously to encourage honest and open feedback from your team. 

Employee loyalty is critical, and without a strong rewards programme in place, businesses risk not retaining their most valuable assets. A successful employee rewards programme builds a sense of belonging, purpose and camaraderie among employees that helps create better teams and stronger businesses. With the right strategy in place, it can also help develop talent and attract new hires from across generations.

How Randgo’s massive network of rewards partners could benefit you and your business

To provide the best rewards and incentives, you need to work with top-rated brands that are recognized both for their high quality and consumer appeal key factors in the success of your rewards programme — which is why we carefully craft relationships with providers that can offer outstanding rewards, exciting deals and exclusive discounts.

Rewards and cash-back sites are a dime a dozen — but not all of them can provide savings for millions of members at once. At Randgo, we believe that the secret to our success is that we have the resources of a large corporation and the heart of a small business. Our strength lies in our ability to offer exclusive deals, innovative solutions, and personalized service that our competitors simply can't match. 

We are one of the leading providers of loyalty and rewards solutions, enabling businesses to build stronger relationships with their customers and employees by offering them real-world value. We’re able to offer the biggest product offering all under one roof, empowering our members to save millions of Rands every year by using our solutions. With our massive network of partners, we can offer a range of rewards, discounts and special offers that are unrivalled in the industry. We are the only partner offering our members access to more products and services than any other loyalty program.

What this means for your business:

These days, customer loyalty is more important than ever. The standard strategy of offering a rewards program that gives customers points for every rand spent isn't enough to get and keep customers on board. What really motivates and incentivises customers is proving that you are able to understand their needs and desires and provide rewards that align with these. They want to see that you have put thought into your rewards programme and have gone to the effort of procuring deals and discounts that truly benefit them. 

Whether you run a business or work for one or manage a team, you know how important employee engagement is. No matter what size your company, it's crucial to cultivate a healthy and active culture of people who are committed to the goals of the organization. Despite your efforts, you may find that your employees are reluctant to participate in your rewards programme. If this is the case, then it might be time to reconsider the kinds of rewards you are offering. Rewarding your employees with incentive rewards they actually want will help to increase employee participation and engagement. In fact, you'd be surprised at how much more productive and enthusiastic your employees can be when they truly want to unlock a particularly tempting reward!

Having a rewards programme in place for your most loyal customers will not only help you increase your brand loyalty but also the profitability of your business. This is because loyal customers are less likely to leave you for competitors, and they're more likely to continue purchasing from your business. Thus, by helping them earn rewards, your business can reap greater profits. Of course it goes without saying that the more unique and appealing the rewards on offer are, the more likely customers are to choose you over a competitor brand offering standard rewards like in-store discounts. 

How we choose our partners

When working with Randgo, you will benefit from our contracted network of 500+ wholesale, retail and brand partners — all of which are carefully vetted by our team. This ensures that your member experience is immersive and rewarding, no matter who your target audience is. Our unique ability to access a diverse range of partnerships allows us to create programmes that drive conversion and customer loyalty as well as boost employee engagement and motivation. 

We go to great lengths to partner with household names and industry-leading brands that are sure to capture the interest and attention of your rewards programme participants - and we are always on the lookout for new and exciting partners to add to our list. That’s just one way that we show our dedication to the success of your rewards programme and the overall prosperity of your business!

To learn more about our rewards partners, view our partner here: https://randgo.com/partners/

3 Reward Schemes To Better Engage Your Employees 

Employee reward programmes involve providing staff with different types of benefits and rewards in exchange for a display of desirable employee behaviour. Reward your employees, and they will reward you.

Why should companies reward their employees?

Employee rewards are important because they focus on the positives. When employees are rewarded for their hard work, it sends a clear message that what they’re doing matters, which helps them feel valued and recognised. This leads to a more positive work experience for employees, which enhances employee engagement. And the benefits of employee engagement are definitely worth obtaining.

What’s so great about employee engagement? 

Engaged employees are connected and committed to their work and employer, and truly engaged employees can make good companies great ones. Here are 3 key positive outcomes of employee engagement:

  1. Boosted productivity

When employees are satisfied at work, they put more effort into their responsibilities, improving their overall performance. Engaged employees are more genuinely interested in what they do, and this leads to more proactiveness and innovation, ultimately benefiting your business.

  1. Improved company culture

Positivity is infectious. The more employees feel good about working for you, the more the feeling will catch on amongst other team members, creating a workplace full of enthusiastic and fulfilled employees.

  1. Better employee retention

Employees are much more likely to remain at companies that make them feel valued and supported. Engaged employees not only reduce turnover rates but also contribute to the long-term success and growth of a company. 

What is the most effective way to engage employees?

Here is where we come back to employee rewards, which can take many forms. Employers can reward employees with simple gestures, such as a public acknowledgement for a job well done, or covering the cost of something like a celebratory lunch.

Enabling your staff to feel a sense of worth is always worthwhile, as the effect of recognition on mental health can be astounding. However, a more proactive approach would be to strategise and implement a rewards program that brings consistent, tangible benefits to your staff’s lives. 

With Randgo, we can help you build a custom employee reward program that does exactly this. Delight your employees by handpicking rewards that enhance their lives daily, and in the long term, in the ways that matter most to them. Here are some examples of benefits you can bring to your employees through Randgo:

  1. Grocery and Wellbeing Vouchers

Reward employees instantly with everyday savings on an array of different products.

  1. Discounted Travel

Provide employees with a customised travel experience where a travel expect can create a tailored package that meets each employees needs and budget.

  1. Wellbeing Solutions

Unlock healthier, more balanced employees with a suite of health and wellness benefits that help your workforce stay healthier.

Taking on the time, effort and cost a bespoke employee reward program requires may sound like really going the extra mile for your staff, and that’s because it is. Sometimes exceptional benefits like boosted productivity, enhanced company culture and better employee retention only come easily with making exceptional moves, like taking the initiative to implement a reward scheme. You get what you give.  

Rewarding employees for their engagement is not only about showing your gratitude for their hard work, but showing them you see them not just as workers, but as valued beings with needs and desires. And when employees feel seen in that light, there is no limit to what a company can achieve.  

Why and How You Can Incentivise Beyond Your Sales Team

Sales is an integral department of most organizations. Not only does a sales team often work on the frontline for a business serving as the company’s face, but they directly impact a business’s bottom line too, as their performance can directly increase revenue and create growth. This is why so many companies take the time to invest in incentivising their employees who work in sales. This is a tried and trusted business strategy.   

Opportunity for employee incentive doesn’t begin and end with a company’s sales team, though. All employees should be provided with incentive to perform at their best for the good of the company. In this article we’ll run you through why and how you should be incentivising your company’s employees, far beyond your sales team.

Why should you incentivise your employees?

The importance of employee incentive, across departments, lies in its long-term business benefits. Businesses can motivate their employees to assist in achieving specific objectives by motivating them with rewards. In this way, an employee incentive program can play a role in your overall business strategy.

For example, if a company is trying to increase sales revenue by a certain percentage, commission work is one of the most common ways businesses incentivise their sales teams. By paying employees in relation to how many sales they make, sales teams are incentivised to make as many sales as possible, ultimately leading the company to increase its revenue.

The opportunities for incentive, across departments, should not be overlooked. Your employees outside of your sales team may not seem to impact your bottom line so directly, but when incentivised, do bring many other benefits to a company, which all contribute to its success in the long term. Here are some examples of what incentivised employees bring to the organisations they work for:

How can you incentivise your employees?

All businesses strive to achieve the above among their staff, but aren’t always sure where to begin. There are many approaches to building employee incentive, while all aim to achieve essentially the same thing: consistently recognising and rewarding employees for their hard work. By doing this, employers allow their employees to feel valued, and encourages them to repeat desirable behaviour and high levels of performance. Some ways of incentivising employees include:

These days, it pays to think outside the box beyond the traditional, go-to ideas. And that’s where problem solvers like Randgo enter, with tailored employee solutions that are go far beyond simple compensation rewards.

The Randgo Solution

With Randgo, businesses are assisted in identifying opportunities for creating employee incentive across departments. Simultaneously, Randgo can offer your business meaningful sales solutions. Our offering is a multifaceted, holistic effort across your company towards achieving your unique objectives and overcoming your specific challenges. Randgo works to create an incentive program that will speak to all your employees most effectively. The more employees value the rewards you offer, the more impact your incentive program will have at your company. 

The Randgo process 

Strategic workshops

Our workshops will unlock key discussions around your business goals and what your current challenges and gaps are.

Propose a solution

We’ll propose a customised solution that aligns to your business needs and is relevant to your employee base.

Conceptualise, create and implement

Based on your feedback we will refine the solution, create your custom programme and implement using the most effective channels.

Engage and drive utilisation

To ensure the programme succeeds we will leverage a multi-channel engagement strategy that creates awareness and encourages participation.

Are you hoping to reach specific goals as a team with effectiveness at your company? If you’re looking to incentivise your employees to achieve a vision for your company, learn more about how Randgo can make that happen for you. 

4 Reasons Why Employee Loyalty Is Critical To Your Business’s Success

Employee loyalty is one of the most sought-after traits in the modern workplace. It refers to the state of staff members feeling genuinely dedicated to, passionate about and satisfied with the company they work for. Employee loyalty takes time and effort to cultivate, but is proved to be crucial to a business’ success.

Why is employee loyalty important?

Every company should take steps to create a culture of mutual respect and loyalty between employer and employee, because this kind of relationship can have a significantly positive impact on the growth and success of a company. When a company can truly rely on its employees, there are countless business benefits to be reaped in the long term. 

What are the benefits of employee loyalty?

The more satisfied a company’s employees feel with their employer, the more that company has to gain. Here are some examples of what loyal employees bring to a business:

1.     Reduced turn-over rate

A high turn-over rate is bad news for any business. Recruitment is a costly and timely process that requires research, advertising, interviews, training. By incentivising employees to be loyal, you increase employee retention rates, reduce turn-over rates allowing you to avoid recruitment hassles and costs.  

2.     Increased profits

Satisfied employees display higher levels of performance at work and increased productivity. Engaged and enthusiastic staff are more likely to go the extra mile for your business and customers, which can enhance customer satisfaction and encourage repeat business.

3.     Enhanced company image

Your employees are your company’s first brand ambassadors. When they feel job satisfaction working for you, they spread free, positive word of mouth advertising about your business.

4.     Top talent attraction

When loyal employees get the word out about how well your company treats them, more talent will come knocking. A high-quality work environment attracts high quality prospective employees. 

So, how do you earn employee loyalty?

Cultivating employee loyalty at your company will take time. Generally, employees are more likely to feel loyal to a company that shows long term loyalty to them first. Most frequently you’ll see provisions like competitive salaries, promises of promotions and employee recognition, but there’s a way to go further.

As an employer it’s also important to bring tangible rewards that bring genuine value to your employees’ lives, and consistently meet their needs and wants in both a personal and professional capacity. This is where Randgo comes in, with the offering of tailored employee loyalty programs. Earn your staff’s loyalty by bringing benefits to different areas of their lives, simply for being your employees.

Who wouldn’t form loyalty towards a company that significantly improves their quality of life? Consider these examples of different solutions you can offer employees through Randgo to garner their loyalty:

·   Rewards

Trade employees’ exceptional work performance with rewards customised to their needs or wants.

·   Wellbeing benefits

Empower employees to be happier and healthier at work, with the kind of support they need the most.

Assistance benefits

Offer your employees the help they need when they need to show them how much you care

Rewarding employees is key in creating employee loyalty. When employees feel genuinely supported and valued for the work they do, they come to genuinely support and value their work and employer. Cultivating a culture of loyalty creates a mutually beneficial relationship where both employer and employee can grow together and drive a business’s long term success.

With loyal employees on its side a business can increase profits, improve employee retention, create positive brand association, attract top talent and more. Create a customised employee loyalty program today to drive your business’s success. Ultimately, businesses that reward their employees to incentivise loyalty are rewarded themselves in the long term.