The way you reward your employees has an impact.

Rewarding good work is important. It creates a positive work environment, a sense of recognition, and stimulates confidence among employees. It also has a demonstrable effect on productivity, retention, and sustainable employability within your organization. That is more than welcome in a tight labor market. If these employees are also more confident and productive than before, what is stopping you from rewarding them accordingly?  

Randomly throwing around some extras is not enough. Use personal rewards based on performance. This way you create a culture where every contribution can be rewarded. Why? You can read about it below.

What are personal rewards?

Personal rewards revolve around four things: culture, retention, recruitment, and employee engagement. We will explain below how these four subjects are connected to personal reward and how you can set up performance rewards with impact.

Culture

The culture is the foundation for any form of rewarding employees. It consists of the shared values and norms within the company. The way employees interact with each other. The culture must also be executed by employers. How they communicate with employees, how successes are celebrated, and how employees are involved in the company.

The corporate culture is also reflected in how employees are rewarded. Therefore, it is important that the appreciation is genuine. Otherwise, the message (the expressed appreciation) of the reward will not get through.

When you reward based on performance, you show that you recognize and value performance. That employees are seen. Through personal, performance-oriented rewards, you ensure that every contribution receives the recognition it deserves. This creates a 'we-culture': the company builds on the successes of the employees.

Employee retention

Do you want your corporate culture to have an impact on retention? Show appreciation. Because keeping people employed for a longer time is important. In the long run, you can retain important team members. This contributes to their sustainable employability throughout their careers. They will have more reasons to want to stay at your company than just their salary. But no matter how long employees are employed, if they are not rewarded or recognized, their sense of appreciation decreases. Performance rewards are therefore the perfect way to express this appreciation.

Recruitment

Personal rewards are also a strong way to differentiate your company from others. Future employees see that working at your company is worth more than a monthly transaction. They then see you as an attractive employer. Because you show what you value for your company: satisfied, engaged employees. You show part of the corporate culture, namely that successes are celebrated.

Increase employee engagement

By regularly recognizing work performance, you can increase employee engagement by up to 60%. Engaged and satisfied employees stay with your company longer. This leads to employees with specialist knowledge. It also saves the HR team valuable hours in searching for new employees.

Engaged employees are also more productive. Our rewards program ensures that the contributions of your team are rewarded. This keeps them motivated to deliver their best work.

Performance rewards

How do performance rewards work at YourCampus?

Performance rewards can be added as an additional feature to the YourCampus environment. You can decide how points can be earned. You also determine how many points are earned in our admin portal. You have control over it and ensure that the rewards fit the company and associated KPIs. A few examples:

• Hours worked

• Taking over a shift

• A completed training

• Referring a colleague

The points your employees save can be spent at their discretion in our marketplace. There, your employees will find deals with over 60 major brands. Those deals are already ready to be used. That saves you time.  

“Rewarding always scored very poorly. Everyone thinks they should earn more. And that has now gone up a lot. It’s mainly due to transparency about rewarding. Part of the solution comes from the app, YourCampus and making vacation pay available.” Now, after implementing YourCampus, the ENPS score has gone from 34 to 35. The specific score for benefits has increased from 6.4 to 6.8 (out of 10).” - Marjan Smit, Head People & Culture, Region Europe at DEPT.

Curious about how our Performance Rewards can improve the engagement and performance of your team? Read more about Performance Rewards on our landing page and contact us for a non-binding demo.