Hertfordshire-based tech firm Digital Fibre has launched a new cloud-based employee recognition tool which is aimed at helping firms bolster their performance and profitability.
Inspire Recognition allows company chiefs to highlight outstanding work and good practices by individual workers in an online noticeboard so employees are recognised across the firm and it also allows their colleagues to engage and respond.
Companies can choose to have structured reward levels – bronze, silver, gold and platinum. Award winners at higher levels will be rewarded with virtual currency, swhich they can redeem in the ‘Inspire Shop’ online.
Items in the store can be personalised and could include a spa retreat and experiences such as high tea at The Ritz Hotel in London.
The system, which was four years in the making, is designed for businesses with 100 or more employees, and can be tailored and branded to suit the needs of each company.
Inspire Recognition also comes with analytic tools providing real-time data reports that show how widely used the system is, which department, team or individual has received the most recognitions, and which areas of the business are working together most effectively.
Adam Sidbury, director of Digital Fibre, said: “Exit surveys conducted when employees leave show that lack of recognition is one of the main reasons people quit a company. No matter how old, or how far up the career ladder we get, everyone likes to hear the occasional ‘well done’, or ‘thank you’.”
Adviser view
David Crozier, director and certified financial planner at Navigator Financial Planning, based in Newry, said: “Of course it is important for businesses to acknowledge outstanding practices. Yes, people are employed to do a certain role, but companies should have a system in place that rewards those who go above and beyond. I don’t think these rewards necessarily have to be financial, however.”
