The value of non-financial motivation
Employees appreciate recognition from their colleagues and management. If that doesn’t happen for a long time, then people quit, either in silence or mentioning that they didn’t get any proper feedback from the employer. In such cases financial motivation wont necessarily work to ensure retention. That is why non-financial tools of motivation and gamification will come around. In its turn, businesses also need an indicator that will help to make timely decision on employee’s job promotion or bonuses.Business scenario
The employee receives points in the process of work and exchanges them for discounts / goods / entertainment from the “bonus catalog”. For example, limited branded outwear, discounts on branded products, subscriptions / streaming services through affiliate programs, karting, bowling, trips out of town.
What is Company Coins
Company Coins is one of the tools that increases employee engagement. It helps to develop a system of gratitude and rewards within the company. This is an internal currency that you can spend either on yourself or thank your colleagues for the excellent work. This is a Microsoft Power Apps solution, that is easy to use and implement.
Intended for
- HRD, HR professionals who will use the tool to boost motivation, engagement and recognition
- All team members who will use the tool to recognize their colleagues
- Administration and heads of departments who are interested in not loosing their team members
Business results
With Company Coins you will get additional tool for motivation, rewards, and retention, making your collaboration and everyday work more efficient and productive as people know they are appreciated by the company.
