Employee Engagement Matters – September 2015

2015 September
The backbone of a business’s success is happy employees! This monthly publication will highlight proven strategies for employee engagement, motivation, and loyalty which have a direct effect on customer satisfaction, and ultimately impacts financial performance.

Pay It Forward
Written by: Tara Linton

While I’ll be the first one to admit the summer is moving too fast – we have to be honest with ourselves and acknowledge that the holidays will be here before we know it.

For many of us the holidays are about giving. And while many reward and recognition programs see an increase in redemption for awards during this timeframe (with redemption often being synonymous with holiday shopping) – it’s not always about the “stuff.”

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Gary Galonek

After four years as an Account Manager in the Retail Food & Drug Division at NCR Corporation, Gary joined All Star in 1990. He has managed many high-profile accounts while at All Star, including Dunkin’ Donuts, Allied-Signal and Foxwoods Resort Casino. Among Gary’s achievements are winning IMRA’s Gold Key award for an Autolite dealer promotion and an AIM Outstanding Promotion award for Dunkin’ Donuts. Gary is a cum laude graduate of the University of Massachusetts School of Business.

Real Rewards that Deliver Player Loyalty

Over 40 years of industry experience delivering customizable, turnkey incentive solutions to increase casino traffic and build long-lasting player loyalty.

Player Loyalty
About All Star Incentive Marketing
For over 40 years we have worked with many of North America’s finest companies to create engagement strategies that build relationships. Our cost-effective incentive, recognition and rewards programs are proven to increase performance, build loyalty and motivate employees. To find out more, or to schedule a brief meeting Click Here.
Calendar of Upcoming Events
09.29.15
G2E 2015 Global Gaming Expo
Booth #3841 in Las Vegas!
 
 
 

800-526-8629 
gary@incentiveusa.com

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In economic terms, the multiplier effect refers to the proportional increase or decrease in final income that results from an injection or withdrawal of capital. In terms of Safety Reward Programs, the multiplier effect might refer to the ROI² (Return on Incentive Investment). A properly structured program significantly impacts overall employee engagement and safety culture, where employees are attuned to safety-related issues, inspired to display “Above & Beyond” safe behaviors, willing to be safety ambassadors, and encouraged to promote learning and support continuous improvement. Such best-in-class programs are designed to promote group objectives and reward individual behavior, engaging, motivating, and rewarding the people behind your success.
 

Fortunately, there are thousands of companies in high-risk industries that have excellent safety programming, training, and coaching in place. Many include safety in their list of core values and have invested heavily in EHS (Environment, Health, and Safety) technology, training, telematics, and personnel. However, too many miss the opportunity to incentivize and recognize individual safety contributions, behaviors, and performance.
 

Programs featuring tangible and experiential awards as the reward currency can have a multiplying effect that pays dividends. Benefits include a more highly engaged workforce, fewer accidents and incidents, reduced claims and losses, lower turnover and absenteeism, better communication, increased productivity, visibility to leading and lagging indicators, incremental coaching and training opportunities, and improved profitability.
 

So, what’s the rub? Are engagement programs focused on employee safety, health, and wellness expensive to implement? Do they only make sense for companies with thousands of safety-sensitive workers? The answer to both questions is no. Properly structured programs can be cost-effective and right-sized for companies with as few as 100 safety-sensitive workers up to those with 10,000 or more. The ROI² of these programs can be expressed as a ratio (in this case, 4:1), with quantitative results showing a savings of $4.00 for every $1.00 invested and qualitative results revealing higher employee morale, which serves as a catalyst for productivity. Safety Reward Programs help to mitigate risk, elevate employee engagement, and improve overall safety culture. They also present an excellent opportunity for companies to simply say thank you to their employees for being safe, committed, and engaged.
 

People have an inherent need to know that their efforts do not go unnoticed. Safety Reward Programs provide the stimulus and energy that encourage employees to perform at their best and achieve new heights.

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