Goodbye Engraved Plaques & Pens.
Your five year anniversary with the company you’ve dedicated your time, energy and resources to is coming up within the next few weeks. Coworkers have begun to linger at your desk as they vent to you about their disappointment in the rewards they have received in the past. Everything from vague thank-you notes, gift cards to restaurants they don’t like, and of course, the matching engraved company plaque & pen. What you were originally looking forward to has become something that feels dull and meaningless. Their stories deflated your hopes for feeling genuinely appreciated and rewarded for reaching this great milestone. You thought you were making an impact in your organization, but maybe it’s time you start looking for another opportunity?
Corporate reward and recognition programs have evolved significantly within the last five years. Millennial and Gen Z generations are taking over our workforce, and they are demanding for more authentic, engaging recognition. They know that successful organizations are nothing without their people, and memorable appreciation is the core solution to building a sound culture and high-performing team. Employees are craving experiences that fuel personal growth, and organizations that provide these experiential rewards are not only creating loyal and satisfied teams, but they are also seeing a 63% increase in productivity.
Dan Kasper, Wishlist’s CEO, is all-in to the cause of meaningful rewards & recognition. Here’s why –
“Take 30 seconds and think of some of the best memories in your life. I’d make a bet that most, if not all of those memories involved experiences. It was that time you went sailing at sunset in the Mediterranean, the time you watched the sunrise from the top of a mountain or danced with your closest friends in the front row of your favorite concert. That is exactly why you choose experiential rewards.”
“You will be a part of their story, and they will be a part of yours. Not to mention, people love to share stories. In this case, they will talk about their memory and be building your brand at the same time.”
So where do you go from here?
Experiential rewards are essential to your high-performing team, but they are also time-consuming. There is no way you could possibly remember the likes and dislikes, anniversaries and birthdays, of every single employee you have. That’s why we encourage you to look for solutions that offer automation, recipient choices, alignment of values, and program reporting. With these features, company rewards become easier to facilitate and more meaningful than ever.
The Wishlist platform specifically aligns reward programs to unique company goals. We give the power of choice to your employees while initiating a culture of recognition and performance. The best part, it’s all automated. We take the work off of your desk so that you can spend your time elsewhere.
At the end of the day, your team gives you their most valuable resource: their time.
Each day they step into work helping you to use them to build your mission and to scale your company. Investing in them is more than giving them a paycheck, it’s about making what’s important to them important to you. Thanking them is more than sending them a basic thank-you card, it’s providing them with opportunities for personal growth. Meaningful, memorable reward programs demonstrate that your people are uniquely valuable and their dedication to go above and beyond is noticed and appreciated.