Making Your Company Inspirational Through Rewards 

Being an inspirational place to work means creating an environment where employees are motivated, engaged, and genuinely believe in your company’s mission and values.

Take it from us… recently, the Incentive Marketing Association honored us with the Inspirational Place to Work in 2023 award. This recognition reflects our strong company beliefs, our exceptional employees, and, of course, our robust rewards system, which we champion both internally and externally at One10.

As the Senior Director of Rewards at One10, I’ve seen firsthand how a well-crafted rewards program can ignite passion and drive among employees. If you’d like to create an inspirational place to work in your organization, one way to achieve this is through a strong reward system. Here’s why:

Understanding The Power of Rewards

Did you know two-thirds of Americans feel underappreciated at work? When your efforts are recognized and rewarded, big or small, it changes everything. Suddenly, you’re motivated to go the extra mile, knowing your dedication won’t go unnoticed. It’s the kind of inspiration that keeps teams motivated to stick around and continue to do their best work.

Similarly, according to a recent Indeed study, feeling uninspired and undervalued are major reasons people hit the job-hunting trail. Regardless of compensation or a comprehensive health care package, feeling bad about your job day in and day out will catch up to employees eventually.

That’s where a strong company culture with a killer rewards program steps in to save the day.

Providing The Power of Choice

Today’s workforce is more multi-generational than ever before. What a Baby Boomer finds motivating can be quite different from what a GenXer or Millennial finds motivating.

For example, I personally have a passion for travel. If global travel is offered as a reward, count me in! I’m motivated to achieve my goals when traveling to new places is part of the reward. On the other hand, some of my team members may prefer cozy nights at home and would be more excited about a new projector for an epic movie night. The beauty of a robust rewards system with a global catalog is that I don’t have to decide how to reward my team members; instead, I can empower them with points and let them choose rewards that best suit their preferences. Given my role with global rewards, people often ask me my opinion about the best rewards. My answer is simple – the best rewards available are the ones your employees get to choose themselves.

Implementing a Strong Reward System

Implementing a strong reward system, like our Rewarding You platform, is the key to inspiring employees and motivating them through the power of choice.

For example, our Rewarding You platform offers a wide array of options—from experiences and gift cards to travel and merchandise. Our rewards participants often find things in our global catalog they didn’t even know they were looking for. This diversity allows us to gauge what resonates most with our team members and clients. By gathering feedback and analyzing usage patterns, we are always adjusting our offerings ensuring that our large selection of rewards continues to motivate and inspire.

ROI of Rewards

Let’s talk about return on investment. A well-crafted rewards program can deliver substantial benefits, including:

• Reduced Turnover: By making employees feel valued and appreciated, a robust rewards system can significantly lower turnover rates. When people feel recognized for their efforts, they’re more likely to stay committed to your organization.
• Enhanced Productivity: Motivated employees are productive employees. Recognizing their achievements through rewards not only boosts morale but also drives them to perform at their best, ultimately enhancing overall productivity.
• Achievement of Key Performance Indicators (KPIs): Aligning rewards with performance metrics encourages employees to focus on and achieve critical KPIs.

Whether it’s sales targets, customer satisfaction goals, or operational efficiency, a targeted rewards strategy can drive results across your organization.

These outcomes not only justify the investment in your rewards program but also contribute to a thriving workplace culture where employees are motivated to excel and contribute to long-term organizational success.

In conclusion, turning your workplace into an inspirational hub through rewards is all about making every team member feel valued and motivated. Ultimately, by investing in your employees, you can create a workplace where everyone feels appreciated, empowered, and excited to contribute their best every day.

Curious to discover how we achieved our status as an Inspirational Place to Work and eager to create that environment for your team? Explore more here: Empower Employee Rewards with the Rewarding You Platform