Reward, plays an important role in everyone's life be it an employee, customer, partner and anyone associated with the business or the organisation be it for various reasons like being a loyal and dedicated person towards the organisation, for being a loyal customer who buys only a particular brands product or service for years, or doing something commendable for the business. Today, the reward term is taken very seriously.
Talking about employees, a reward to them could be for various reasons like achieving targets, for going the extra mile and doing a task, a service anniversary, for being associated with the organisation for more than 5-10 years or so. The list could be anything according to organisation's objective or any other reason.
After you as an organisation or HR has known and understood the importance of reward, the question arises how to reward an employee or what are some of the interesting ways to reward an employee. Listed here are some of the best ways;
1. Digital reward
With everything shopped and sold online, a digital reward is a boon. From utility payment, payment wallet to petrol reward get everything quick and easy.
2. Gift vouchers or gift cards
An easy and quick way to reward and redeem. Select from over multiple big brands.
3. Merchandise
One can go merchandise rewards like any electronic product, apparel or edible items.
4. Educational training
You could invest money in training your employees.
These four types of reward are exciting and chosen by lots of organisation. For more assistance related to rewards visit Grass Roots India.