reward scheme

Considerate Bosses Boost Business Success Rate

75% of bosses fail to show staff sufficient gratitude, impacting profitability and performance by up to 44% Recent research has revealed employers who show employees simple recognition can boost business performance by as much as 44%, improving staff motivation and retention. The report, conducted by One4all Rewards, found that 20% of staff have never received even a simple thank you from their employers, and 75% felt they had received “insufficient gratitude” for the work that they do. The findings showed that while 24% of employees are rewarded with physical rewards, such as cash or gifts, only 11% of companies have incentive schemes in place – where rewards are received for hitting certain goals or milestones. These schemes prove more effective as staff feel that bonuses are earned by t... »