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Employee of the Month Rewards
corporate@goldenmoments.se02392 681484
www.goldenmoments.se
Why do I need to reward my employees?
Whether a large multi-national or small business employer your staff are the future of your business. If you believe motivation in your business is high, YOU MUST maintain that. If you’ve highlighted morale is low, YOU NEED to improve it.
1. Would you like to improve motivation but have a limited budget?
2. Do you have a challenge to keep your best staff delivering results for your business?
3. You value that your team could benefit from greater direct recognition from management and directors
corporate@goldenmoments.se02392 681484
www.goldenmoments.se
How does it work?
The objective of the Golden Moments ’Employee of the Month Reward’ is to maximise return on investement by motivating employees to deliver results that exceed their objectives and recognise this achievement with a gift experience.
1. Each department manager completes the monthly nomination form either online, fax or via email.
2. The completed nomination form is presented to the reward sponsor eg Store Manager or Sales Director to review the comments and nominee’s. This serves as a recognition point for all those nominated and ensures that the reason given for the nominations fit with the companies core business values.
3. Golden Moments sends the gift box to the manager who will present the reward personally to the employee in front of his/her colleagues to maximise recognition.
corporate@goldenmoments.se02392 681428
www.goldenmoments.se
Benefits
By launching an ’Employee of the Month’ reward throughout your organisation our experience shows that the business benefits are greater than the small investment required.
The colleague – employer relationship will strengthen greatly within the company.
The employees will enjoy satisfaction for their achievement, which will create more loyalty from staff, saving on recruitment and induction costs in the future.
With any incentive, evidence shows that productivity increases per employee, leading to increased revenues.
An ’Employee of the Month’ reward is an excellent programme to identify the key performers that are likely to make the best managers of your business in the future.
www.goldenmoments.com
Case study – ASDA Walmart ASDA Walmart
– A world leading grocery retailer– 400 UK stores– 170 000 employees– An annual average turnover of £17,468M
BriefASDA’s objective was to increase their customer’s satisfaction with happy staff and reduce attrition amongst their personnel, which in turn should prove profitable for the company in the long term. Their available budget per month was £50 per store.
Solution
Golden Moments proposed a nomination form for the “Employee of the Month”, which meant that each department manager nominated one member of their team whom had achieved excellent results during the month or performed an example of going beyond their job role. The final nomination list of employees gave a specific reason why they should receive the gift box. Finally the General Manager reviewed and selected a winner. The announcement and presentation was made at the monthly store meeting.
www.goldenmoments.com
The nomination form
THE
EMPLOYEETHE REASON
THE EMPLOYEE OF
THE MONTH
Marc Jones / Food & Wine
Marc sugested a new layout in the freezers that hs reduced waste and improved fresh food rotation.
Jennie Smith / Household
Jennie has supported new colleagues into the team and reduced their induction time.
Sarah Foster / Electrical
Sarah presonally took up the challenge of resolving a complaint for a customer with a supplier.
THE
EMPLOYEETHE REASON
THE EMPLOYEE
OF THE MONTH
Marc Jones / Food & Wine
Marc sugested a new layout in the freezers that hs reduced waste and improved fresh food rotation.
Jennie Smith / Household
Jennie has supported new colleagues into the team and reduced their induction time.
Sarah Foster / Electrical
Sarah presonally took up the challenge of resolving a complaint for a customer with a supplier.
www.goldenmoments.com
The result – ASDA Walmart
Using the nomination form to organise and manage the reward programme was simple, effective and saved time.
The purposefullness, motivation and satisfaction of the employees increased. Staff attrition was reduced.
A positive impovement was seen in the colleague – employer relationship. Future key performers of the store were highlighted to the General
Manager.
These benefitial results were achieved with an investment of only 16p per employee per month.
www.goldenmoments.com
The gift experience
Luxury packaging
Golden Moments has a packaging option that matches the uniqueness of our experiences.
Each voucher is presented in a stylish box that invites the recipient to become an ‘Experience Hunter’! The experience starts by plugging in their 1GB USB stick to launch a digital introduction to their experience with music and video.
We also have a traditional paper voucher and instant email options.
supplier@goldenmoments.se02392 681428
www.goldenmoments.se
www.goldenmoments.com
Co-branding
Our solution provides for further enhancement opportunities to continue promoting the brand sponsors message:
The wrap – our quality printed wrap presents the box with your brand message.
The digital page – Within the USB flash animation we can create a dedicated page to highlight your brand campaign, whether it is for a product presentation, overview of your brand or endorsement management message.
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