Creating a new company culture of recognition with 32% improved retention
- Promote CarShop as a great company to be part of
- Recognise employees from across all departments
- Increase employee job satisfaction
- Enhance morale and feelings of appreciation
- Engage employees with the company values
- Drive improvement of retention rates
We recommended utilising our MyRewards® point banking platform technology where employees would receive points for demonstrating certain behaviours and for fulfilling their company values, which could be exchanged for rewards from the global reward catalogue.
The programme would include two-way recognition, from managers to employees, as well as peer-to-peer nominations. This would encourage a new culture of recognition, strengthen loyalty and drive employees to deliver more through stronger relationships with the company and colleagues.
The programme would have the facility to award the points to staff and let them manage their own budget pots. All nominations, approvals and points rewarded would be track-able within the reporting dashboard, allowing the HR department to avoid any over spending or misuse of the system.
What we did
Our creative and digital teams developed CarShop’s recognition programme called Engage Rewards.
The site design incorporated the company’s branding and colours. Utilising the ’tile technology,’ the homepage included a simple, eye-catching design to showcase the features available within the programme and how employees could engage with the site.
To maximise engagement and ensure employees could feel appreciated and happy, we incorporated multiple different ways for staff to be recognised for their achievements by their managers, along with by their peers. The more ways staff were rewarded, the more likely they were to remain loyal to the company and stay with business long-term; a benefit for CarShop as they’d be retaining their talent.
Utilising our Recognition module within MyRewards®, the programme functionality included:
Quarterly nomination scheme – peer-to-peer nominations to recognise colleagues who have gone above and beyond in demonstrating their fulfilment of a company value. All nominations were put forward for ‘colleague of the quarter’ whereby all approved nominations from HR were rewarded with points.
Long Service – rewards for achieving key anniversaries within the business. Introduced long service awards from 1 year, to show the dedication to employees and improving retention quickly.
eCards – a quick and easy way to demonstrate appreciation and thanks through one click of a mouse.
Instant points vouchers – on the spot, instant reward – add a code into the system to receive points in exchange
Recommend a friend – employees could recommend people to join the company; if they were hired they would be given points
Suggestion schemes – employees could submit ideas for improving the business, with points awarded for ideas implemented.
Wall of Fame – anniversaries and approved nominations, submissions and ideas, all in one place for colleagues to see, like and comment
Points can be exchanged for a prize within the reward catalogue, which includes over 5,000 carefully selected products from leading brands, such as Apple, Sonos, Montblanc, Bose, Cadbury, Michael Kors, Hugo Boss, Tag Heuer and many more. The product range covers all key categories, including technology, lifestyle, home and garden and jewellery.
To boost engagement with the site and to maintain momentum and encourage visits and reward redemption, we have run various promotions, in conjunction with the programme.
CarShop users were sent a Virgin Wine promotion, where if they redeemed any food or drink in the rewards catalogue before Mother’s Day, they would be in with a chance of winning a case of wine through a prize draw.
The promotion saw:
1) 2nd highest month for website traffic since launch
2) 2nd highest month for nominations made from employees since launch
3) Increase of engagement by an average of 300%
4) 3rd highest redemption rate from users in a month since launch
5) Average open rate of emails sent of 41% (industry standard is 35%)
Users were offered the chance to win an Ultimate Time Together experience package worth £120 for any reward redemptions made from Black Friday to Cyber Monday. Winner was picked at random.
1) An increase in website visits of 100% compared to the previous 5 days before Black Friday
2) The redemptions spiked from 12 in the 5 days before to 31 redemptions across Black Friday Weekend
3) The launch email saw:
- 47.86% open rate (+12.86% over industry standard)
- 19.44% click to open rate
- 9.31% user click through rate
Improved employee retention by 32%
+35% above the target for active users
Find out more
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