Storia del cliente
Life Sciences Technology Company Improves Employee Retention with Rewards and Recognition on Empuls
Storia del cliente
Life Sciences Technology Company Improves Employee Retention with Rewards and Recognition on Empuls
Storia del cliente
Life Sciences Technology Company Improves Employee Retention with Rewards and Recognition on Empuls
The Challenge
Operating in a unique niche that blends technology with specialized expertise, the company faced the challenge of finding employees with the right skill set. The specialized nature of the work made it difficult and costly to replace employees, making retention a key priority. However, the existing reward and recognition program was intermittent and lacked consistency. Through focus groups and meetings, the HR team identified R&R as a critical gap affecting employee satisfaction and retention.
The Solution: Empuls Implementation
To enhance employee retention, the company implemented Empuls as a seamless and user-friendly system that could be easily integrated into existing business processes. Empuls offered flexibility to issue spot awards and real-time recognition, making it ideal for a dynamic work environment.
The platform's variety of redemption options, including experiential rewards such as family vacations and dining experiences, catered to a multi-generational workforce and allowed the company to provide personalized and meaningful rewards.
Product Implementation & Key Features Deployed
Seamless Integration and User Experience
Empuls integrated effortlessly into existing systems, providing a smooth and intuitive experience that encouraged frequent engagement with the platform.
Instantaneous and Dynamic Rewards
The platform allowed for quick reward issuance, including spot awards and real-time recognition, enabling immediate acknowledgment of contributions.
Experiential Reward Options
The variety of rewards, including experiential options, catered to diverse needs of a multi-generational workforce, strengthening team cohesion and employee satisfaction.
Outcomes and Results
Key Performance Metrics
Improved Employee Retention
By promoting a culture of continuous appreciation and offering timely rewards, the company fostered greater engagement and job satisfaction, contributing to reduced attrition.
20% Increase in Productivity
From March 2018 to March 2019, the company experienced a 20% increase in productivity, showcasing how the platform fostered improved performance and engagement.
Enhanced Employer Branding
With focus on employee well-being and a modern R&R system, the organization enhanced its internal employer branding, with employees feeling more valued and appreciated.
Better Reward Process Efficiency
The diverse reward options improved both work culture and employee satisfaction, with transparent and equitable reward processes contributing to reduced attrition.
Conclusion
Empuls played a pivotal role in helping this life sciences technology company retain talent, enhance employee satisfaction, and increase productivity. By providing a modern, efficient rewards system, the organization strengthened its employer brand and fostered a positive, engaged workforce while addressing the unique challenges of specialized talent retention.
About the Company
This forward-thinking technology company specializes in providing innovative solutions for the life sciences and healthcare sectors. With a team of skilled technology experts, they design and implement successful strategies to deliver customized market perspectives, reporting, and integrated data. The company holds proprietary information on healthcare relationships and serves clients in the IT & SaaS industry, operating with a workforce of 51-200 employees.
Industria:
Life Sciences Technology & Healthcare IT
Employees:
51-200 skilled technology experts
Location:
India (Headquartered in Bengaluru)
Caso d'uso:
Employee Retention, Rewards & Recognition Program Modernization
Caratteristiche utilizzate:
- Spot Awards & Real-time Recognition
- Experiential Rewards (family vacations, dining experiences)
- Multi-generational Reward Options
- Seamless System Integration
