Extraordinary Work Team Recognition Day is observed every year on December 4th, reminding us of the importance of acknowledging the outstanding contributions of employees and the value of teamwork. 🤝
While we see every day as a chance to celebrate the accomplishments of our employees, we see no harm in a little reminder every once in a while, so with that in mind, here’s why recognizing your teams and employees matters and what doing so can mean for your business.
Recognition is more than just a pat on the back; it's a powerful tool that can transform workplaces into a hive of activity and a place where people actually want to work. Here's why recognizing employees and teams should always be a priority.
🙌 Recognizing employees for their hard work and dedication boosts morale and fosters a positive work environment.
🙌 Acknowledging achievements keeps employees engaged and motivated, leading to increased productivity.
🙌 Employees who feel valued are more likely to stay with the company, reducing turnover.
Recognition comes in all shapes and sizes, and both cash and non-cash incentives play starring roles. According to the Incentive Research Foundation (IRF) survey:
🎁 Compensation, the work environment, and tangible incentives top the list as engagement and retention boosters.
🎁 Employees adore cash and gift cards as rewards – they're always a hit!
🎁 Don't forget the intangibles: Autonomy, exciting tasks, growth opportunities, and recognition are equally desirable.
Even in the world of remote work, a simple personalized non-cash gift card handed out by a manager retains its magic - proof that digital rewards can effectively transcend physical boundaries.
Sometimes, seeing is believing, which is why we’re thrilled to be able to showcase the power of recognition in action using our partnership with Ocasta Engage and Virgin Media O2.
Through Ocasta Engage with rewards and incentives powered by Tillo, Virgin Media O2 was able to achieve a staggering 98% engagement rate, a remarkable leap compared to engagement on their prior corporate tools.
And the impact didn’t end there!
Virgin Media O2 also significantly increased its total number of recognitions, taking them from a mere 800 to an impressive 3,000 MoM, highlighting the tangible impact of recognizing and rewarding employees and how doing so can drive both growth and engagement.
Whether you’re a rewards and recognition provider looking to take your package to the next level or a business building a culture of recognition from within, talk to Tillo today about leveraging the power of digital gift cards in your recognition program.
With just one integration to our award-winning gift card API, you can access rewards and incentives from 2000+ global brands that your customers and their end users love.
One contract, one integration, endless possibilities.
👉 Find out more or see Tillo in action today.