Give your employees a boost with January rewards
January is renowned for being a tough month, and this year it will certainly be difficult for many people as we continue to deal with the challenges of the pandemic. As a result, now is a valuable time for businesses to deliver rewards to their employees. A token of gratitude, no matter how big or small, will certainly give your team a well-needed boost and motivate them for the weeks and months ahead.
Why January rewards are a good idea
January rewards have become a popular alternative to Christmas rewards, with many businesses choosing to delay the delivery of their rewards until the new year. But why?
Boost motivation and morale
There’s a reason why so many people talk of having the ‘January blues’ and even the third Monday of January is referred to as ‘Blue Monday’. Every year, there’s a natural dip in morale following the Christmas period. With employees returning to work and getting back into the swing of things, this month often feels like an uphill struggle.
By delivering rewards to your team in January, you are, quite simply, adding some positivity to your employees’ lives and giving them something to enjoy at a time that often feels rather bleak. A small token of gratitude can make a huge difference to someone’s mindset, morale and wellbeing as they embark on a new year. This January, we have the added challenge of a global pandemic imposing yet more restrictions on our lives, so now arguably more than ever, your employees would certainly benefit from a reward to boost their motivation levels and morale.
In fact, research has even found that over a fifth of employees would prefer a January reward. Individuals that participated in the study said that delivering rewards in January was a good way to lift spirits after they return to work. Over a quarter of participants said that they believe it “would improve their mental health” too.
Read more about the research here.
The start of new year encourages many people to look for a fresh start which means it’s a popular time for job searching. In fact, it’s estimated that one in five people look for a new job in the new year. On top of that, research conducted by Point A Hotels found that as a result of Covid-19, 25% of people are thinking about a career change, with the same number planning to actively look for a new job in the new year.
With that in mind, businesses need to work hard to keep their teams motivated and engaged. Rewards are useful because they serve as a reminder to your employees that your business values and appreciates them. Saying “thank you” at critical times like this can actually make a difference as to whether your employees look for a new job or not. A survey by Achievers found that 55% of respondents were planning to switch jobs, and that lack of recognition was the main reason for this. 69% even said that better rewards and recognition would encourage them to stay with their employer.
We’d love to support you
We’d love to help you send a special reward to your team. From chocolates and flowers, to experience days and digital vouchers, we have a fantastic selection of reward options for you to choose from. We can even give your employees the opportunity to choose their own rewards too.