Happier teams. Healthier business.
Because your
People are worth it!
Healthier business.
Happier teams.
Because your
People are worth it!
With Momentus ONE Reward Experiences, you will actualise how rewards and recognitions can improve employee engagement and incentivise results by strengthening your teams for healthy ROI.
Increase Employee Retention
Highly engaged employees were 87% less likely to leave their companies. They become connected and are ignited to do more because they understand that the company have a stake in them.
In return, Loyalty — an emotional word that can be derived only from emotional rewards – helps retain talents. The way they “feel” about the company determines how they act in relation to external opportunities. Companies that can channel extraordinary experiences that rewards their five senses can fuel long-lasting emotional loyalty.
The Millennial workforce are good at deriving brand value. Many cite the clear void when it comes to employee recognition for the work they put in, as the most common reasons given at exit interviews – a group who will make up 50% of the workforce by 2020.
The modern workforce has changed. To get that 1% growth every single day, you need to do more than just provide your team with basic training resources and videos. They need to be connected with the company, the reward’s brand value, and be inspired with the rewards experience that will translate to loyalty and talent retention.
Increase Motivational Drivers and Productivity
Company offices with engaged employees were up to 43% more productive. People want to feel empowered – that they can make an impact. They do not want to be engaged only occasionally or when required. People want to feel part of something.
The Momentus ONE platform provides the channel to engage with employees and deliver rewards experiences that drives attitude change and business results.
To increase employees’ motivational drivers, that powers their productivity, the increase communications and engagements would have to create,
- A “Safe Space” that allows engagements and empowerment,
- Relevance of the rewards and recognitions experiences to their intrinsic and extrinsic motivators.
Reward Experiences designed based on Behavioural Science
People are driven by financial gains, recognition, and the status symbol of having achieved. Momentus ONE focuses on leveraging the specific impacts of recognition and status symbol, using behavioural science to milk the most out of the physical rewards delivered. It is the process of the Reward Experience that matters, not just the reward item.
Studies from behaviour science show that the idea of receiving something unique, exquisite, or reputable is a far stronger motivating factor than simple discounts. Augmented reward value and its associations are what drives results. Moreover, research shows that the number of businesses using non-cash rewards has risen from 26% in 1996 to 86% in 2018 (Incentive Research Foundation).
With behavioural science, we utilise
- Mental Accounting – how people remember the impact of a reward, where experiences can evoke much stronger and longer-lasting emotions than transactional benefits.
- Effort Justification – how people place greater than market value on things they have worked to build or achieve.
- Social Signalling – how people like to be seen rewarded in public and among their community, more than just being rewarded in private.
We are here to listen, before serving.
Using Technology for Superior Reach and Hybrid Reward Experiences
Today’s technology can also play a role in making rewards programs more cost-effective and expand employees’ power of choice in selecting their preferred rewards.
Humanised technology design also represents the ability to collect relevant data and the provision of smart data analysis for unique Rewards Experience at scale. People want to feel like they are being offered something special and not generic. Rewards Experience programs, driven by data, will help hit the sweet spot of the most relevant employee base.
With the changing landscape of our workforce, technology becomes the global channel for outreach and the ability to provide hybrid rewards experiences from afar. Hybrid rewards experiences that utilises technology as a window of experience to the reward story and engagement.
Increasing Value of Rewards – Evoked through Experiences
Cash, Gifts, Experience: Momentus ONE chooses to focus on designing the touchpoints of the rewarding experience and how an experiential journey can help you gain the most out of each reward value spent.
Strategically deployed to align with the goals of your program and the profile of your participants. No matter your industry, experiential reward opportunities are on the tip of everyone’s tongue. They offer an exciting alternative, helping to differentiate your organisation from the competition and create strong impressions that last much longer than fleeting transactional rewards.
Think about it like this: If you run a hotel chain, I am sure you would love to be able to shower your guests with free champagne and complimentary nights when they show up. Giving them a memorable experience so that they would return. But that is simply not sustainable. Instead, your goal should be to create a culture of repeatable, small and thoughtful rewards and experiences that make your customers, or in this case your employees, say ‘wow!’
Spark Happiness & Unify Teams
Rewards Experiences communicated and delivered well builds real relationships with the new age workforce that seeks purpose, authenticity, and growth in their work. These translates into meaningful rewards that brings out the “feel good” and also the “function well” among employees.
Momentus ONE focuses on attaining these aspects in the communications and the reward experience design even for a simple, yet thoughtful, welfare package for employees. Complimenting hard targets, these sparks of happiness boosts greater productivity, better workplace relationships, and longer retention.
We need to acknowledge the slow yet steady shift of the workforce into one that comprises mainly of millennials. What they look for in terms of happiness at work are,
- Their value of meaning in their job and company
- The opportunity of personal growth – financially, mentally, and socially
- Regular engagements – almost real time if possible
- Work-Life cohesion
How do you see your company in the terms of Reward Experiences offered?
We are here to listen, before serving.
Available On
