Hi Folks... Can you share with me some of the novel/innovative :idea: R&R practices that you have adopted in the Organization? regards... :idea:
From India, Mumbai
From India, Mumbai
Overview: In today’s competitive world, rewards and recognition plays an important role in motivating and retaining employees. Rewards and recognition is an important part in every HR plan these days. Rewarding the high performing and motivating others to become such is becoming mandatory in IT & BPO industry.
Current Practices:
1.Giving Store Vouchers like Shoppers stop, life style etc.
2.Giving cash prizes.
3.Giving articles (wide range of durables as per the level of performance).
4.Organizing holiday trips.
Challenges in Gifting:
Article Gifting:
The hassle of negotiating the price every time
Procurement and storage
Distribution of the articles to employees
Ensuring the products reach on time
Safety of the products
The appeal and the relevance of the products to the user.
Limited choice to the employees ( purpose of motivating them might get defeated)
Repetition of products which they might already posses
Cash Prizes: The industry is seeing a change in the trend of giving cash prizes. A cash award does not serve the purpose of gifting since it can be used for number of purposes.
Store Vouchers: The store vouchers as a gift for reward and recognition is forcing the user to use it in a shop like Shopper stop, Lifestyle etc where many of your gift recipients may not be comfortable in shopping. This also has a limited usage because these stores are present in only metros and upcoming cities.
The best solution:
Sodexho Pass Gift Vouchers the Best Way to Reward Your Employees:
Sodexho Pass Gift Vouchers are widely accepted at more than 6000 outlets in 175 locations across the country.
Wide range of outlets in all categories like Apparels, Restaurants, Jewellery, Consumer Durables, Bookshops, Medical Shops, Optical, Music Stores, Electronic outlets, Furniture, Footwear, Home needs, Theme parks etc.,
Stores like Shoppers Stop, Lifestyle, Westside, Pantaloons, Wills Lifestyle, Globus and other large stores also accept Sodexho Pass Gift Vouchers.
Sodexho Pass Gift Vouchers come in Convenient Denominations ranging from Rs.100 to Rs. 500.
Sodexho Pass Gift Vouchers can be personalized for achievements and other occasions.
Customization of jackets and voucher (Logo on Jackets, Jacket design etc.) is possible. (Based on volumes)
The Vouchers are valid for a calender year.
No Administration, Accounting or Logistic Hassles.
Naveed - Chennai
+91 98409 18089.
From India, Madras
Current Practices:
1.Giving Store Vouchers like Shoppers stop, life style etc.
2.Giving cash prizes.
3.Giving articles (wide range of durables as per the level of performance).
4.Organizing holiday trips.
Challenges in Gifting:
Article Gifting:
The hassle of negotiating the price every time
Procurement and storage
Distribution of the articles to employees
Ensuring the products reach on time
Safety of the products
The appeal and the relevance of the products to the user.
Limited choice to the employees ( purpose of motivating them might get defeated)
Repetition of products which they might already posses
Cash Prizes: The industry is seeing a change in the trend of giving cash prizes. A cash award does not serve the purpose of gifting since it can be used for number of purposes.
Store Vouchers: The store vouchers as a gift for reward and recognition is forcing the user to use it in a shop like Shopper stop, Lifestyle etc where many of your gift recipients may not be comfortable in shopping. This also has a limited usage because these stores are present in only metros and upcoming cities.
The best solution:
Sodexho Pass Gift Vouchers the Best Way to Reward Your Employees:
Sodexho Pass Gift Vouchers are widely accepted at more than 6000 outlets in 175 locations across the country.
Wide range of outlets in all categories like Apparels, Restaurants, Jewellery, Consumer Durables, Bookshops, Medical Shops, Optical, Music Stores, Electronic outlets, Furniture, Footwear, Home needs, Theme parks etc.,
Stores like Shoppers Stop, Lifestyle, Westside, Pantaloons, Wills Lifestyle, Globus and other large stores also accept Sodexho Pass Gift Vouchers.
Sodexho Pass Gift Vouchers come in Convenient Denominations ranging from Rs.100 to Rs. 500.
Sodexho Pass Gift Vouchers can be personalized for achievements and other occasions.
Customization of jackets and voucher (Logo on Jackets, Jacket design etc.) is possible. (Based on volumes)
The Vouchers are valid for a calender year.
No Administration, Accounting or Logistic Hassles.
Naveed - Chennai
+91 98409 18089.
From India, Madras
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Innovative HR Practices-.doc
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