Here are some of the findings from an independent study conducted by HiFives:
35% of employees are not satisfied with their current employee rewards programs
75% of employees say that they don’t get enough options for rewards
53% of employees do not find their current programs convenient to use
These are pointers towards the need for employee rewards and recognition programs powered by a digital platform, that is simple and easy to use for employees as well as the HR and the management. Organizations should look at adopting newer and technology-driven methods in rewards and recognition and move away from traditional methods.