REASONS TO REWARD YOUR STAFF
Throughout the year, there’s plenty of opportunities for firms to demonstrate appreciation for their employees, says Nicola Roche, Senior Sales Development Representative at One4all Rewards
While many companies traditionally reserve recognition for the end of the year, it’s essential to broaden our perspective on when and how to acknowledge employees. “While festive seasons undoubtedly carry a special charm, there’s a wealth of opportunities yearround to celebrate achievements and demonstrate appreciation,” says Nicola Roche, Senior Sales Development Representative at One4all Rewards.
Under the Government’s Small Benefits Exemption policy, businesses can reward their staff with up to €1,000 per year, completely free of tax, PRSI and USC. With One4all Rewards, you can offer your staff tax-free gift cards on an ongoing or annual basis, saving up to €1,313.54* per employee. The maximum reward of €1,000 can be split across two payments in one financial year. This is the perfect scheme to utilise as part of your rewards programme.
“Recognising colleagues throughout the year is crucial for creating a positive work environment,” says Nicola.
Here are a few occasions worthy of acknowledgment: Employee Milestones: Celebrate years of dedicated service and personal achievements, reinforcing loyalty and commitment.
Meeting or Surpassing Targets: Acknowledge individual and team accomplishments, fostering a culture of excellence and productivity.
Team Motivation or General Recognition: Inspire collaboration and camaraderie through acknowledging collective efforts and positive contributions.
Birthdays: Make individuals feel valued and appreciated on their special day, strengthening workplace relationships. Maternity/Paternity Leave: Show support and gratitude for life-changing events, emphasising work-life balance. Long Service: Honour dedication and loyalty, recognising the enduring contributions of long-term employees. Retirement: Bid farewell with gratitude and appreciation, celebrating a career’s worth of achievements and memories.
These occasions serve as fantastic opportunities to uplift and recognise the efforts of colleagues, boosting workplace morale and camaraderie, which are crucial for employee motivation and retention.
Employing recognition beyond the traditional holiday seasons helps maintain a consistent sense of appreciation *Figure of €1,313.54 is based on giving €1,000 net to an employee on the 40% tax band paying full PRSI and USC.
and motivation among employees. It reinforces the idea that their efforts are valued continuously, not just during specific times of the year. This approach fosters a positive organisational culture where employees feel supported, respected, and motivated to perform at their best year-round.
The popular One4all Gift Card is a perfect reward and can be loaded from €15 to €150 and its digital counterpart can be tailored with a personalised video message from you on behalf of your business or customised with a photo of your company logo, while it is easily sent by text or email.
For higher value loads over €150, the One4all Chip & PIN Gift Card option is available in physical, or digital reloadable format. EU Directives to protect Irish consumers means anonymous gift cards with a load value of over €150 currently require a simple photo verification process to help protect Irish consumers against online fraud. Employees who received a Chip & PIN Gift Card last year benefit from previous photo verification, meaning the ID process is still valid for a period of up to four years from initial verification.
For more information on employee rewards and incentives, contact the experts at One4all Rewards on (01) 870 8181 or email rewards@one4all.ie