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‘Non-Financial’ Employee Rewards

Recent research from the CBI and Recruitment and Employment Confederation (REC) has highlighted the recruitment challenges facing employers in the current labour market with severe staff and skill shortages. Employers are especially feeling the challenges in sectors such as engineering, manufacturing, IT and nursing. One way for employers to boost morale and motivate staff is to introduce recognition awards for employees.

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In today’s marketplace, it is crucial that employers consider the huge benefits of non-financial incentives to help retain and attract new staff. From looking at more flexible working, recognising staff achievements through employee recognition awards and trophies to celebrating a team members service with a long service award. The business benefits for introducing staff awards include morale boosting and an overall boost to productivity – team building initiatives cannot be underestimated.

Recent data shows that half of UK employers looking to recruit for permanent roles expect to find a shortage of candidates.
As REC Chief Executive Neil Carberry explained: “we are starting to see the effects of rising uncertainty from Brexit. Candidate shortage is likely to be caused by a combination of people being less willing to take a chance on a move, and a falling trend of workers coming from the EU.”

‘Non-Financial’ Employee Rewards

With non-financial rewards employees have greater scope to believe that their company values them and is willing to recognise their achievements which in turn is more likely to increase their loyalty and also their motivation. The benefits of presenting a crystal employee recognition award that sits pride of place on an employees desk has a huge impact on the individual, as well as throughout the business.

Introducing recognition awards for employees is by far one of the most cost-effective business decisions for a return on investment. As the U.K.’s #1 manufacturer of 3-D engraved crystal corporate awards and trophies, our high-quality pieces make the perfect staff recognition award.

We love working with businesses of all shapes and sizes from small companies to corporate multinationals to deliver stunning staff awards that reflect your corporate identity.

Our creative design team would love to put together some visual ideas for you. Every award or corporate gift that we create is bespoke to your unique design and can be personalised with individual employee names, categories or staff starting dates – adding that extra special personal touch.

Take a look at some of our recent projects in our inspiration gallery for examples, and visit our employee recognition awards and corporate awards & business gifts to see what we offer.

So make sure your business is one step ahead of the competition by demonstrating the value you place on every employee – it pays dividends in the long term.
At Laser Crystal, it’s our mission to create awards and trophies that are distinctly unique to reflect your corporate brand.

We’d love to hear about your requirements for corporate awards and together we can create something truly unique.

Call today 01202 675000 or email us

Thanks to sources: CBI and REC

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