EMPLOYEERECOGNITIONGUIDEWhy recognition works.

Employee rewards programs are a great tool to help incentivize your workforce. Research shows that appreciated employees are more satisfied and more productive in their roles.

of senior managers believe their company is above average at appreciating employees

of employees believe their company is above average at appreciating employees

23%

56%

Appreciation and recognition are consistently listed as one of the top 5 desires of employees.

of employees say they would switch jobs for more recognition

50%

Prepaid cards are preferred.Employees prefer Prepaid cards in incentive and recognition programs over travel, merchandise and even cash.

of employees would choose a $50 Visa® or MasterCard® prepaid card over $50 in gift cards as a year-end or holiday reward

81%

of employees cited the ability to spend the card anywhere that Visa / MasterCard are accepted as their favorite feature of the card

To learn more about Prepaid Award Cards for your employee recognition program, visit smartoneprepaid.com.

Sources:http://www.inc.com/welcome.html?destination=http://www.inc.com/guides/2010/04/rewarding-employees-on-a-budget.html

http://www.openforum.com/idea-hub/topics/managing/article/51-ways-to-reward-employees-without-money-1/

http://www.entrepreneur.com/article/75340#

http://www.thesocialworkplace.com/2011/08/08/social-knows-employee-engagement-statistics-august-2011-edition/

http://smallbiztrends.com/2012/08/employee-recognition-programs.html

http://www.prnewsonline.com/free/infographic-Major-Gap-Exists-Between-Managements-and-Employees-Views-on-Recognition_17803.html

http://www.prnewswire.com/news-releases/recognition-gone-wrong---officeteam-survey-and-video-bloopers-highlight-importance-of-employee-recognition-147136555.html

http://www.creativegraphs.net/benefits-of-employee-recognition.html

http://blog.parago.com/wp-content/uploads/2012/08/Employee-Holiday-Incentives-Infographic_-2012.jpg

http://www.hreonline.com/HRE/view/story.jhtml?id=533350829&ss=employee+recognition

Cards issued by MetaBank™, member FDIC.

70%

Employers and employees have a different perception of how well their companies show appreciation. For recognition to be effective, employees must see the “reward” as having true value, no matter what form it comes in.

Say thank you.

Common recognition mistakes.

Miscalculating an employee’s

length of service

Not acknowledging

the people behind the scenes

Offering “value-less” forms

of recognition

Not identifying the employee’s

actual accomplishment

Inconsistently offering awards or allowing too much

time between awards

Reasons companies use recognition programs.Why do employers recognize their employees?

Increase employee loyaltyGive employees an incentive to stick around longer

1

Motivate to performOffer goal-oriented incentives to improve results

2

Recognize employee achievementEmployees expect recognition for a job well done

3

Establish a culture of recognitionEarn a reputation in the business community4

Improve moraleHappier employees are more productive5

Did you know: Companies with recognition programs have 31% lower voluntary turnover than their peers with ineffective programs in place.

A popular recognition award.

Certificates and plaques

Company merchandise

Cash / Gift certificates

Food / dining

75% of incentive planners said that when all factors are considered, including costs, impact on recipients and outcomes, prepaid cards are the most effective employee rewards they have.

75%prefer prepaid award cards

Other popular recognition awards have traditionally included...