![]() In other words, that kind of happiness evaporates quickly and leaves us wanting more. Dunn attributes the temporary happiness achieved by buying things to what she calls “puddles of pleasure”. Elizabeth Dunn, Professor of Psychology at the University of British Columbia (UBC), experiential rewards-as fleeting as they may be-deliver more-lasting happiness than material things. ExperiencesĪ study by Harris Group found that 72 percent of millennials prefer to spend more money on experiences than on material things. We know-and research confirms-that hedonic rewards, or those on the right side of the spectrum below, have higher efficacy than those that are cash or utilitarian-based. ![]() Efficacy refers to the ability something has to produce a desired result. To make your investment pay off, you need efficacy. ![]() This keeps them focused, directed, and willing to repeat the behaviours. Participants accumulate points over time and redeem them for ultra-motivating, ultra-customizable award options such as experiences, merchandise, travel, events, and more.Įvery time a program participant receives reward points, they feel the dopamine effect – they feel good about what they’re doing and the things they’ve accomplished. In these types of employee recognition programs, employees earn reward points for a variety of achievements. Even more, it has been proven that companies with highly engaged employees achieve higher customer satisfaction numbers for their own clients. ![]() Through our own studies, we know that if employees are not recognized for their positive behaviours within the first four months of employment, they actively begin to disengage, leading to high turnover and an inability to retain top performers. A strategic points-based employee rewards program can be a great way for managers to recognize outstanding performance and positive behaviours and reward staff for efforts that move the business forward. Employee rewards are an integral part of maintaining a productive work environment and keeping employee engagement at a sustainable high. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |