Workforce management | 3 easy ways to revamp your employee reward strategy

As companies continue to struggle to recruit amidst ongoing labour shortages, a strong reward strategy can make a big difference in attracting and retaining a happy, productive workforce. If you’re worried your reward strategy may have lost impact (or even worse, is non-existent), read on to find out the best ways to boost it, today:

1. Ditch your one-size-fits-all approach

We’ve said it before and we’ll say it again – one-size-fits-all has no place in employee engagement programmes. Sure, there are some tried-and-tested methods for boosting happiness and productivity, but the best people strategies are those that actually focus on ‘people’ – not as a collective but as individuals.

It pays to know what makes your employees get out of bed in the mornings – what issues are affecting them, are they happy at work, what would increase their motivation? And there’s only one way of finding this out: by asking them. Open communication channels – such as pulse surveys run through an app like Quinyx, or through regular face-to-face meets – can’t be compromised if you want to build and maintain an energised, productive team.

The bottom line is that recognising and valuing your employees is vital. Our recent State of the Frontline Workforce study, of 13,000 deskless workers in retail, hospitality and logistics-based roles, found that around a third of staff want to quit because they feel undervalued, while a similar number say they would be more motivated by more recognition. Your reward strategy is simply not worth skipping over.