Why you should let your employees choose their own rewards this Christmas

Summary:

Give your employees peace of mind this Christmas and beyond

Your employees have different needs

Create a flexible and positive workplace culture

Surely any reward is good?

Planning for the future

How Sodexo Engage can assist with your rewards strategy


Why you should let your employees choose their own rewards this christmas

The festive season will soon be upon us! Party planning is starting, corporate gifts are being ordered, and conversations around employee Christmas rewards have begun.

 For many, the talk will be about a Christmas bonus, determined by revenue and performance. Although bonuses have long been an appreciated Christmas gift, they’re taxable, so your employees don’t enjoy the full benefit.  

 This year, businesses need to consider how their festive rewards can support employees through the cost of living crisis now, and moving into 2023. That’s why at Sodexo Engage, we believe you should allow your employees to choose from financial and wellbeing packages that will make a lasting impact and meaningful difference to their lives.

 

Give your employees peace of mind this Christmas and beyond

The great thing about Sodexo’s reward and recognition packages is that they aren’t just for Christmas. Our eVouchers and gift cards can be incorporated into your employee recognition and reward strategy and used all year round.

 With the widest choice of retailers and brands across 150 chains and 130,000 locations, your employees can spend their rewards wherever they want.

 If it works better for your business and employees to receive a cash bonus, then why not deliver it using our recognition prepaid card (Spree) powered by Visa, made from recycled plastic and branded with your company logo? 

With our top cashback card, your employees have complete spending freedom and the chance to earn up to 15% cashback each time they use Spree to pay online or in-store. For added convenience, employees can keep track of their available balance with our cashback earning app.

 

Your employees have different needs

Your workforce is made up of individuals, and they all have different needs. Whereas some may appreciate a cash reward, others may prioritise their mental health and wellbeing. 

As a nation, many of us are recovering or are still affected by the impact of Covid-19, and when we add in the current financial crisis, it's an incredibly stressful time. As an employer, you can encourage your employees to take care of their mental and physical health with one of our wellbeing packages. Help your team start 2023 positive and revitalised with our Corporate Gym Memberships which offer a 25% saving on monthly fees.

 Here at Sodexo Engage, our employee benefits programmes include a range of award-winning rewards and celebration packages, so there’s something to suit every taste. By listening to your employees' wants and needs, you’re on your way to improving employee engagement. 

 

Create a flexible and positive workplace culture

Flexibility has become something of a buzzword in recent years, particularly when it comes to working patterns and locations. For festive employee rewards, flexibility is key to making your employees feel valued.

For many of your employees, flexibility can be particularly important during Christmas — especially concerning finances. For example, the average Brit spends an additional £1,116 over the festive season. Employers can lessen the financial impact by offering a choice of monetary rewards such as exclusive discounts, cashback on groceries or vouchers for buying gifts.

Not only does flexibility show employees that your organisation cares, but it also demonstrates that your business encourages and supports individuality. This thoughtfulness can extend beyond the festive period; by enhancing your employee value proposition (EVP), a flexible rewards scheme can assist with retention and reduce annual turnover by almost 70%.


Surely any reward is good?

Not necessarily. The desire to reward is always well received, but good intentions could be soured if they highlight that the business is out of touch with its employees. 

While learning the interests of every person in your business is challenging, it’s not impossible. Have your employees write a short bio about themselves, which you can add to a collection and share internally. It will help employees learn more about each other, and it will aid you when considering the best ways to recognise and reward.

Showing a personal interest boosts employee morale, motivation and increases employee engagement. This is a small but crucial step since employee disengagement doesn’t bode well for employee retention rates. The Office Team highlights that two-thirds (66%) of employees would resign if they felt unappreciated at work.

Our work with O2 and their ‘Be Brilliant’ campaign is the perfect example of what you can achieve when your business takes the time to reward in a meaningful way. Through partnering with Sodexo, O2 created Brilliant Days, where they reward brilliance with a fun-filled and bespoke team day out.

There are many advantages to rewarding with experiences beyond the known business and engagement wins. Giving employees a day to have fun, relax, explore, or challenge themselves helps them recharge their batteries and supports mental and physical wellbeing. When done alongside their team, it’s also great for strengthening those working relationships, leading to a more positive work environment and overall employee experience.  

 

Planning for the future 

If you’re aiming to start the process of learning more about your employees as individuals, letting them choose their Christmas rewards is a great place to start. Through this process, you’ll understand what gifts are most valued for future use and be able to streamline your business’ reward and recognition strategy. This will save you time in the future whilst empowering your employees.

 

How Sodexo Engage can assist with your rewards strategy

Whether you focus on team experiences or give individuals their own choices with eVouchers and gift cards, our expert team at Sodexo can assist with designing a rewards scheme that empowers your staff, provides meaningful recognition and helps you build lasting connections. Our packages include a selection of wellbeing, health, and financial rewards that we can tailor to your organisation. 

We live and breathe all things employee experience, putting us in the best position to help you improve yours. Even if you’re already ticking boxes and scoring high with your employees, this Christmas is different from any we’ve experienced and requires a considered approach. 

Rewards need to be more than a gesture, showing your employees that you’re with them through what, for many, will be a tough festive season. Approaching this Christmas with empathy and understanding will help build a loyal workforce who will return in 2023 engaged and ready to make a positive difference to your business.

Contact our team today and turn those good intentions into great employee engagement, retention, and results.