GiftCard Partners Blog

The race to keep employees engaged has never been tougher, and organizations that rely only on cash bonuses are leaving real value on the table. Extra pay is appreciated, but it blends quickly into bills and everyday expenses. Non-cash rewards such as gift cards, experiences, and lifestyle perks stand out because they create emotional impact and memorable recognition. In a workforce where only 32% of employees report feeling engaged (5), recognition strategies built on experiences rather than transactions are essential for driving performance and loyalty. 

When we talk about motivating employees, most people immediately think of promotions and cash bonuses. And sure, those have their place. But they're not sustainable motivators for everyday performance or long-term engagement.

With more than 200 sessions on the schedule, the 2017 Society for Human Resource Management (SHRM) Conference and Expo covers many hot topics including employee engagement and worker retention.

Compensation has always been a tough subject, but transparency and innovation can turn it into a bonding agent between employees and employers. Addressing compensation openly can lead to improved trust, satisfaction, and retention. Here are three ways to effectively discuss compensation:

Companies are constantly striving to retain their best employees, but problems can arise if they’re not shown a modicum of respect by management. If hard-working employees are shown appreciation by their managers and team leaders, they’ll feel less compelled to find a new job. This will also help to keep employee turnover rates down.

Here are three ways you can maintain retention rates by ensuring your managers are respectful and supportive of their teams: