Customer Story

Standardizing Employee Recognition at Scale Across a Pan-India BFSI Workforce

Customer Story

Standardizing Employee Recognition at Scale Across a Pan-India BFSI Workforce

Customer Story

Standardizing Employee Recognition at Scale Across a Pan-India BFSI Workforce

The Challenge

As the organization scaled, its recognition practices became fragmented and difficult to manage.

Inconsistent Recognition Practices
Disparate recognition methods across departments led to perceived inequities, reducing trust and morale among employees.

Manual, Time-Consuming Processes
Paper-based and manual workflows delayed recognition and created a heavy administrative burden for HR and business managers.

Limited Visibility and Measurement
The absence of centralized tracking made it difficult to measure participation, identify high-performing teams, or evaluate program effectiveness.

Employee Disengagement and Attrition Risk
Delayed and inconsistent recognition reduced motivation—particularly in high-pressure customer-facing roles—contributing to disengagement and turnover concerns.

The Solution

The organization implemented Xoxoday as a company-wide recognition and rewards platform to standardize, automate, and scale appreciation across roles and regions.

Standardized Recognition Framework
A unified platform ensured consistent recognition practices across departments, improving fairness and transparency.

Automated Recognition Workflows
End-to-end automation streamlined approvals and reward issuance, enabling real-time recognition while significantly reducing manual effort.

Personalized Reward Options
Employees could choose from a diverse catalog of gift cards, experiences, and merchandise—ensuring relevance across roles, geographies, and preferences.

Social Recognition Feed
A centralized social feed amplified recognition visibility, encouraging peer appreciation and reinforcing a culture of gratitude.

Recognition Analytics & Reporting
Built-in dashboards provided detailed insights into recognition trends, participation levels, and program impact—supporting data-driven HR decisions.

The Results

The standardized recognition program delivered strong engagement, efficiency, and business outcomes within the first quarter of rollout.

Improved Employee Advocacy
The organization recorded a 67% improvement in Employee Net Promoter Score (eNPS), reflecting stronger employee sentiment and advocacy.

Operational Efficiency Gains
Administrative effort was reduced by 65% through automated workflows, allowing HR teams to focus on strategic initiatives.

Productivity Uplift
Departments with higher recognition frequency observed a 20% increase in productivity metrics, reinforcing the link between recognition and performance.

Sustained Participation and Leadership Involvement
Recognition programs achieved 65% repeat participation, while leadership-led recognition increased , strengthening top-down engagement.

High Reward Utilization
A 91% reward redemption rate demonstrated strong relevance and adoption of the rewards catalog.

Key Metrics

  • 67% improvement in Employee Net Promoter Score (eNPS)
  • 65% reduction in administrative effort
  • 20% productivity increase in highly recognized teams
  • 65% repeat participation in recognition programs
  • 91% reward redemption rate
  • increase in leadership-led recognition
  • 30% improvement in overall employee perception of the organization

Conclusion

By standardizing recognition across a 22,000-employee workforce, this BFSI & Fintech organization successfully transformed appreciation from a fragmented, manual process into a transparent, data-driven engagement engine. Automation, personalization, and visibility helped drive higher morale, stronger leadership participation, and measurable productivity gains.

The organization now operates a scalable recognition framework that supports performance, fairness, and engagement—across roles, regions, and business units.

About the Company

The organization is a large BFSI & Fintech enterprise operating across India with a highly distributed workforce. With employees spread across customer-facing, operational, and risk functions, ensuring fairness, visibility, and consistency in recognition was critical to improving engagement and retention.

Industry: BFSI & Fintech
Region: India (Pan-India presence across metro cities and tier 2/3 locations)
Company Size: ~22,000 employees
Workforce Mix:

  • Customer-facing roles: Relationship Managers, Sales Executives
  • Operational roles: Risk Analysts and back-office teams