Rewards Budgeting Calculator
Why offer meaningful employee rewards?
By providing thoughtful employee rewards, you can significantly boost participation in your employee recognition program. Consistent recognition leads to increased employee engagement, productivity, and retention.
The Impact of Employee Recognition and Rewards
Low-engagement teams experience turnover rates that are 18% to 43% higher than highly engaged teams. Moreover, when comparing highly engaged teams to poorly engaged teams, here are just a few of the benefits engaged organizations experience:
Increased employee engagement gives your organization a competitive advantage—a key thing to keep in mind when you’re considering your rewards budget.