Employees’ Welfare Scheme

Calling employees the backbone of any company would be absolutely correct. Like capital investment, they are exponential. Imagine the company minus employees. Can any business activity take place in that case? If you think that the boss can be ‘one man army’ of his biz, think twice then. His business activities would be paralyzed. He has to hire freelancers. Will not they be his employees?......

Calling employees the backbone of any company would be absolutely correct. Like capital investment, they are exponential. Imagine the company minus employees. Can any business activity take place in that case? If you think that the boss can be ‘one man army’ of his biz, think twice then. His business activities would be paralyzed. He has to hire freelancers. Will not they be his employees?   

All in all, the employees are vital. They act more like a fulcrum. They screw up to take on daunting challenges. Sometimes, they pass sleepless nights for meetingvariantbusiness goals, if necessary. Isn’t it enough to title them the ‘most valuable asset’? For sure, it is.

A little bit of patting is enough to boost their efforts. Production can jump up to double. This is exactly what the motivation does. Worldly praise is ok but its effect lasts for a moment. For relentless enhancement in their efforts, the fuel of solid motivation is must. Be it a momentum or trophy or cash prizes, anything is worthy to prize their priceless efforts.

Loyalty Programs, Channel Incentive Programs, Employee Recognition/ Rewards Program, Sales Force and Incentive Programs are new strategies evolved for rewarding employees. Present scenario favours employees’ welfare scheme.

How ‘Employee Welfare Scheme’ Does Wonder?

Giving away irrelevant prizes and certificates has lost its sheen and impact. This trend is outdated now. Companies have started strategizing for meeting satisfaction of their employees. Apart from bonus and incentives, they endeavor to woo them, but how?

A perfect mix of recognition and benefits could do this wonder. To meet it, ‘Employee Welfare Scheme’ is found as the most appealing prizing program. By it, any company can get registered to websites, as rewardmaster.in. These sites have tie-up with various brands, such as Samsung, Whirlpool, Sony and Avon. Since online shopping has become the cup of every one’s tea, these web sites provide special discounts to the employees of the registered firms. Of course, certain criteria are surely fixed. This enables the companies to boost-up their personnel with the relevant gift of their own choice.