Locking down of the world due to covid pandemic has, in no uncertain terms, taken a toll on the morale of the working lot. All you see around are people, losing jobs, missing out on promotions, or not being able to reach for better opportunities. Fear of an uncertain future has been pulling, the once energetic workforce, down.
With a scenario like this, Human resource professionals, across sectors, are facing this new challenge; the challenge of keeping their workforce motivated and driven.
With the workplaces now re-opening, HRs know that the conventional Annual Employee of the Year award and the likes would no longer make sense.
Workers today, find no worth in receiving recognition for something they did nine months ago! Neither are they ready to wait to receive the value of their prize in their pay packet at the end of the month. In these times of instant gratification, this ill-suited employee appreciation system clearly lacks the instant boost needed by today’s workforce.
Understandably, employees want to be rewarded as soon as they hit their target or excel at a task.
A thoughtful reward presented in the right manner at the right time can help pep the workforce up. That brings in the concept of On-The-Spot- Rewards!
What is On- The- Spot-Reward program?
It is a reward system that is chalked out by HR and is customarily carried out by immediate managers.
The reward amount is relatively small compared to quarterly or annual recognition programs. This is because these instant rewards are for specific tasks accomplished, as they occur. You can easily hand out On-The-Spot-rewards when employees meet their target or give extraordinary results.
When executed properly, the On- The- Spot reward system, results in a highly driven work force, employee retention, and better performance.
The zing of Gift cards for spot rewards
One of the best means for employee appreciation today is hands down- a Gift card. Many companies buy a bulk amount of gift cards from retailers, allocate them to managers, who then use these to spot-reward outstanding performances, any time of the year.
The pull here is, Gift cards are available for all sorts of products and services from apparel to restaurants. Also, one does not have to spend a penny more, than the face value, to redeem these cards. This potential to immediately use gift cards make them a killer for on -the -spot rewarding.
However, many a time the pre-denominated gift cards in your stock, may not be in keeping, with the achievement you want to recognize.
Think up, Gift cards will mean so much more if they are readily available in the amount you need.
Let’s call it Recognition Readily Available! All you got to know is the Destination and the dollar amount that is in sync with the recognition. And you are good to go!
What is CardNow?
- A stash of inactive gift cards for a select set of stores and restaurants.
- Each gift card in the stash can be paid for and activated on-demand from our mobile app.
- We only pay for the gift cards we need, when we need, and for the dollar amount, we want to load onto the cards.
The CardNow kit includes–
- a reusable box
- 25 gift cards
- the option to hand pick cards for destination and dollar amount
- a secure log-in to the CardNow app to activate gift cards promptly as needed
- automatic refills when the stash gets low in cash
- Automatic refills
- Flexible load values
- No unused gift cards
- Increased security
- Ideal for face to face reward or spot recognition
- No time and money wastage
- Instant gifting option
- Convenient rewards process
- Perfect for a small business owner who makes impromptu customer or employee rewards
No matter how revved up an employee is, there is nothing like a pat on the back and an uplifting bounty before the moment is lost. They rightly say- Recognition delayed is recognition denied. A timely and aptly-valued CardNow gift card can reinforce positive practices in your employees.
If you notice anything recognition-worthy, do it right away with the convenience of CardNow. After all, it takes a set of happy employees to bring home the trophy!