Press Release Forum [] Forum Index

Press Release Forum []
Free Press Release Distribution

A site of EPR Network

 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

Real Time Press Release Distribution is here. Try it out, it's free!


Survive the Looming Talent War with Employee Recognition Emp

Post new topic   Reply to topic    Press Release Forum [] Forum Index -> Marketing Press Releases
View previous topic :: View next topic  
Author Message
EPR Network
Site Admin

Joined: 31 Jan 2006
Posts: 32093

PostPosted: Mon Oct 11, 2010 5:46 am    Post subject: Survive the Looming Talent War with Employee Recognition Emp Reply with quote

Survive the Looming Talent War with Employee Recognition
Employee recognition programs boost sagging employee job satisfaction.

Released on: October 11, 2010, 3:40 am
Author: Loyaltyworks
Industry: Marketing

Atlanta, GA, Loyaltyworks ( - Employee job satisfaction in the U.S. is at record lows. The prolonged economic downturn has forced many companies to cut staff and reduce benefits, leaving the remaining workers feeling overworked, undervalued and unhappy.

So what happens when the economy turns around? Many HR experts predict accelerated turnover of top talent as workers, feeling fed-up with their current situation, seek better opportunities.

To get ahead of the curve, companies should consider ramping up efforts to prevent employee burnout and boost engagement. Employee recognition plays a big part in this, but to be more meaningful than plaques and service award pins. Well-designed employee recognition programs with individualized rewards go a long way in showing appreciation to employees for a broad range of positive behaviors: being a good team player, saving costs, representing the core values of the company brand and culture, and more.

It might sound complicated, but there are systems and vendors that can help simplify the process. One example, Atlanta-based Loyaltyworks, offers full-service employee reward programs that run on their Software as a Service (SaaS) RewardTrax® platform. RewardTrax uses points as currency that employees can redeem online for travel, merchandise, tickets, live events and millions of other items. Loyaltyworks manages the technology and reward fulfillment, and provides account managers for support.

The latest version of RewardTrax offers enhanced features that increase the impact employee recognition programs have on employee morale, satisfaction and engagement:

• Manager Banks: gives managers point budgets for discretionary staff awards
• “On the Spot” awards: “instant award” certificates bearing reward codes for points
• Email recognition certificates: automatically delivered when employees are awarded points
• Peer Points: employee-to-employee point “gifting”
• Quizzes and surveys: Web-based training tools that award points for employee feedback and education
• Integrated reporting: comprehensive program budget and performance tracking

To retain valuable talent, companies should get employee recognition initiatives established and running well before the expected recovery and job market expansion. Fully supported, Web-based reward solutions like RewardTrax can help protect a company’s workforce investment.

About Loyaltyworks
Loyaltyworks designs, develops and manages full-service loyalty and incentive programs that produce measurable business results. For 30+ years, we have helped companies drive revenue and profit by building employee and customer loyalty and encouraging desired behaviors with rewards. For more information, visit

Contact Details: Loyaltyworks
2337 Perimeter Park Drive
Atlanta GA 30341
Back to top
View user's profile Send private message
Display posts from previous:   
Post new topic   Reply to topic    Press Release Forum [] Forum Index -> Marketing Press Releases All times are GMT - 4 Hours
Page 1 of 1

Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum

Submit Press Release (Free)Submit Press Release


Editor's pick: