How do rewards & benefits make employees more productive

How do benefits make employees more productive?

It’s understood that a businesses in different countries will not be managed or run in the same way. There are differences in management styles, corporate culture, and country culture itself, which can extend through to laws and political stances. It can also be the case, therefore, that certain employees in certain countries may not know exactly what their employer has to offer in terms of work benefits.

How do benefits make employees more productive?

Several studies show that offering employees even the simplest of reward or benefit can increase productivity and wellness. An experiment conucted by the Social Market Foundation (SMF) and Warwick’s Centre on Competitive Advantage in the Global Economy (CAGE) confirmed this to be true. They exposed random individuals to three so-called “shock” experiments where they were given work tasks. In the first two tasks, the participants were shown a comedy film at different times. In the third task, the participants were offered fruit and snacks as their “mood induction procedure”, something which mimics the practices of many businesses across Europe. The participants were then asked to solve some mathematical problems in exchange for a financial reward after ten minutes.

What do employees say about their work benefits platform?

Our total reward and benefits platform is making it easier for employers to connect to their employees. In March 2017, L’Oréal, together with Benify, won the European Excellence Awards in HR under the category Compensation & Benefits / Incentives for the successful implementation of My HR Rewards.

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Benify

Benify

Benify offers the market’s leading global benefits and total rewards platform. Engage your employees, anywhere, anytime. www.benify.com