We’re excited to announce the launch of Hero Points! Combined with existing features like Recognition and milestone rewards for birthdays and work anniversaries, Hero Points are your secret weapon to help you increase employee engagement and reduce employee turnover.
Benefits of reward and recognition
We all know that reward and recognition is a powerful tool for improving company culture and proven to increase employee engagement and reduce employee turnover:
- 1 in 2 employees say they would stay longer in a company if they feel recognised and appreciated (Glassdoor)
- 72% of businesses agree that recognition impacts engagement positively (LinkedIn)
- 79% of millennials surveyed said an increase in rewards would make them more loyal to their employer (SHRM)
- By doubling the number of employees they recognise every week, companies can improve work quality by 24% and reduce absenteeism by 27% (Gallup)
And while the benefits of reward and recognition will come as no surprise to people managers, it’s not the ‘why’ but the ‘how’ that tends to prevent employers from achieving their reward and recognition goals. But not anymore!
Hero Points; the easiest way to reward and recognise your team
Here’s how Hero Points make it easier than ever to increase loyalty, engagement and performance:
Automated recognitions and celebrations
Under Reward Settings, you can choose to allocate a specific amount of Hero Points per employee for birthdays or work anniversaries.
Under Recognition Settings, you can choose to allocate a specific amount of Hero Points per employee when they’re recognised by their peers for representing one of your predefined company values. Remember, peer-to-peer recognitions must be approved by an admin, so there’s no need to worry about improper use.
Hero Tip: At Employment Hero, we’ve increased the amount of Hero Points allocated per approved recognition, but simultaneously increased the standard for which recognition will be approved.
Real life rewards for real life purchases
The best part about Hero Points is that your employees can choose how they redeem them, making the recognition even more valuable to them.
Hero Points can be used to purchase discounted gift cards (either in whole or in part) from their favourite retailers, including Sainsbury, Aldi, Asos, H&M, Tesco, Ticketmaster, Uber and more!
Wrapping up
Hero Points are the easiest way for all people managers to reward and recognise their team members. Not only is it easier for HR managers to deliver Hero Points than gift cards or flowers, it’s even easier for employees to redeem Hero Points on whatever tickles their fancy.
Disclaimer: The information provided in this article is current as of 21 February 2024. The views expressed in this article are general information and opinions only, and are provided in good faith without taking into account your personal circumstances, financial situation or needs. Before acting on any information, you should consider whether it is appropriate for you and we recommend that you seek independent financial, legal and taxation advice. Certain information given is based on data supplied by third parties. While such data is believed to be accurate, it has not been independently verified and no warranties are given that it is complete, accurate, up to date or fit for the purpose for which it is required. Employment Hero does not accept responsibility for any inaccuracy in such data and is not liable for any loss or damages arising either directly or indirectly as a result of reliance on, use of or inability to use any information provided in this article.
