Reward and Recognition (R&R)

We keep discussing attrition, attrition rate, reasons for attrition, and so on... Do you discuss the ways to retain employees? If your answer is Yes, then how frequently do you do that?

Most Managers, Directors, VPs, and Business Owners have clear goals to reduce costs while improving the quality, and sometimes the quantity of work being done by their employees. So, what needs to be done? I would say careful considerations need to be done when it comes to getting more out of your workplace, especially in this digital age.

One of the ways is to attract and improve employee productivity by retaining and rewarding outstanding performers and this can be achieved in many ways, ranging from special perks to greater flexibility. An employee reward and recognition program is a fail-safe strategy that can be implemented in any business because it encourages employees to come out of their comfort zone and do something out of the box which ultimately benefits the business.

Introducing a reward and recognition program helps increase employee engagement, , and increases employee retention which ultimately decreases the attrition rate. Reward and recognition programs are effective because it focuses on the positive aspects which send a clear message to their employees that what they are doing matters.

On a similar line, Incedo has introduced R&R (Rewards & Recognition) program for their employees across the business including but not limited to Product Engineering, Financial Services, Life Sciences, and Telecom to create a positive workplace by encouraging friendly work competition. Rewarding great performances with the things Incedoers want to increase motivation, keep them focused, and drive them to do better. Incedo has introduced two awards in this category - 

• ICE (Innovation & Customer Excellence) Award - Being a digital transformation Services firm, our first priority is to innovate on behalf of our clients, and Incedoers are honored when they are recognized for their work. I'm thrilled to announce that in the month of August 2022, I have been recognized for innovations in business processes and customer excellence in various aspects of our client's businesses. I strongly believe that this award validates my performance and the efforts I put into the success of our client's business.

• MAD (Made a Difference) Award - The MAD Award is an opportunity for Incedo to thank the individuals who have really made a difference in the workplace by leading the way they delivered the client's expectations and inspiring others to follow him/her by example.

When Incedoers are rewarded for their contributions, they feel honored and proud and are willing to give more than 100% on their next assignment/project. For me, recognition connects me to my organization deeper, elevates my performance, and increases the likelihood that I’ll stay here for many more years.

So, what are you waiting for? Are you ready to get started recognizing your employees? Let's start collecting employees' feedback so that you better understand your teams, and track and reward the outstanding performers. Please set your team goals and recognize every individual employee or team for achieving those targets and reward them. 

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