Welcome to the bountiXP blog! If you’ve visited this space before, you’ll know that our company is all about changing behaviours in a positive way by recognising, engaging and rewarding employees in order to boost overall engagement, promote productivity, increase company bottom-line and retain top talent in order to build supercharged work cultures.
If this is your first time here, here are the crib notes – bountiXP is a SaaS-based platform that offers real-time, human-centric recognition that enables measurable behaviour change to act as a powerful catalyst for employee engagement and business results.
It was crafted by Managing Director, Dane Amyot and a diverse team of designers, developers, data architects, engineers and testers in the employee engagement space over the course of many years of research and development.
In short, if you’re in the market for innovative ways to retain top talent at your company in 2020 and beyond, this is the solution you’ve been looking for.
According to Gallup, an American analytics and advisory company based in Washington, employee recognition is one of the most cost-effective ways to attract and retain top performers at your place of business.
We also know that 47% of the 22 000 young South African professionals surveyed by Universum in 2019 as part of their annual research said they were ready to move from their current employers, and that the average job satisfaction level stood on a paltry 6 out of 10.
This means South African companies need to take a good, hard look at employee satisfaction levels in general.
Ongoing workplace recognition is a very simple and effective way to motivate your workforce by providing a sense of accomplishment and making your employees feel valued for their day-to-day contribution to the success of your enterprise. It not only boosts individual employee engagement in this way, it also promotes overall productivity and company loyalty, which is directly associated with the retention of top talent.
Read more: Why the link between recognition and customer satisfaction is so important
The most effective forms of recognition tick three important boxes – it’s honest, authentic and tailored to the individual. I.e. the cookie-cutter approach is tossed aside in favour of connecting with each employee on a personal level. Meaningful, memorable exchanges are far more effective than a blanket thank you, and this is where platforms like bountiXP come in.
The bountiXP platform facilitates nominations, rewards, analytics and feedback, instant insights and gamified learning, all from one, convenient platform. This is great news for companies that are on the lookout for comprehensive tech solutions that approach a single challenge from multiple angles without disrupting the flow and interaction of existing processes.
Read more: 4 Ways bountiXP can boost employee engagement in the workplace
Using bountiXP, team members have a platform to send and receive nominations for recognition easily at any given time. Managers then have the option of validating specific behaviours by adding rewards to further enable the power of social recognition. In this way, bountiXP can be used to say thanks, send an appreciation, recognise a peer or measure out a reward. This is tied to a live recognition timeline where users can view nominations, add comments and likes, follow peers and view peer profiles.
By promoting this kind of recognition-rich work environment, managers and HR professionals open the floor for timely and frequent praise from all the right angles while simultaneously reinforcing company values by ensuring that each employee knows the significance of their recent achievement.
Key takeaways:
Employee recognition is a timely acknowledgement, informally or formally, of a person’s actions or behaviours that are above and beyond standard performance and support a company’s values and goals. In its most basic sense, employees who don’t feel valued are disconnected and misaligned to their employers’ vision and values, and as a result, are not motivated to do their best work.
That’s why it’s imperative to have a values-based recognition programme to ensure that you can measure how your employees live the values, your culture and display positive behaviours.
This kind of engagement strategy is no longer a nice to have, but actually forms an integral part of any forward-thinking business plan.
Are you ready to take bountiXP for a spin? We thought you’d never ask. Simply click the button below to get started.