A productive workforce is the lifeblood of any organisation. However, it takes more than showing respect, trust, and recognition to keep the workforce consistently motivated. In a highly competitive business oriented country like Singapore, you cannot expect to outsmart your competitors without creating an environment where your workforce feels valued and motivated. One way to do so may be to offer them corporate gifts and big bonuses from time to time. It is only by genuinely appreciating your employees and giving them incentives that you will be able to make them go above and beyond in their job.
There is no doubt that if corporate gifting is practised well and per business ethics, giving corporate gifts to your workforce will not only increase the productivity of your employees but also result in employee retention and satisfaction. If you want to keep your workforce motivated all the time, you should consider implementing a comprehensive staff reward scheme in your organisation.
Let us have a look at some of the other ways corporate gifting can benefit your organisation as a whole:
- Motivate Employees to Work Harder
Giving an attractive salary package accompanied with a set of advantages like extended health coverage and corporate gifts is the best way to attract the best workforce and maintain their morale. Regardless of the size and value, giving corporate gifts to your workforce is an excellent way to ensure they feel valued and noticed, which ultimately leads to a significant improvement in their performance. On the other side, failing to reward employee performance can prove to be a serious de-motivator in the long run and contribute to feelings of dissatisfaction.
- Reduces Costly Turnover
Organisations that do not effectively communicate with their workforce, do not appreciate their efforts and do not reward them often find themselves dealing with a high turnover rate. Employee turnover can be expensive in the long run, as it costs organisations massive sums of money to find, hire and train hard-working employees. When your employees are happy and feel appreciated, they have no reason to leave the organisation even if they were offered a better salary package elsewhere. It does not cost a lot to buy corporate gifts in Singapore, as there are plenty of corporate gifts suppliers available. You do not want to let your hardworking employees leave you just because you did reward their efforts as a gesture to appreciate their hard work.
- Helps Attract Top Employees
If you have top performers in any field for your organisation, you should consider yourself lucky and try to retain them for as long as possible. The best way to attract and retain top performers is to offer them huge incentives and valuable corporate gifts.