Employee loyalty ·
Partnership Alert: Piggy & Factorial
In an ever-evolving workspace, recognizing talent is more critical than ever. We're excited to announce a promising partnership with Factorial, a leader in digital HR transformation. Our shared vision? Craft a harmonious workspace where exceptional efforts get rewarded seamlessly, ensuring your top talents always feel cherished.
What is Factorial?
Factorial is a holistic platform committed to simplifying the intricacies of HR tasks. Their comprehensive software suite tackles everything from time tracking to performance reviews, ensuring that HR professionals and managers have the tools they need to excel. The platform's goal? Transitioning manual processes into efficient, automated ones, driving businesses towards smarter decision-making and optimal performance.
How will Factorial and Piggy Work Together?
Leveraging Factorial's precise time-tracking feature, you'll have an accurate account of your employees' work hours. When those hours stretch beyond the regular workday, they'll convert into points your employees can exchange for enticing rewards. The array of rewards is vast, from digital gift cards to unique offers and beyond.
In essence, we're pioneering a loyalty program that not only recognizes hard work but actively encourages a thriving, positive company culture.
Among the stellar features you can look forward to are:
Rewards: Points accumulation, diverse rewards, and exclusive perks.
Gamification: Introducing tiers, advancing levels, and fostering loyalty.
Giftcards: A mix of digital and physical, all ready for redemption.
Coupons: Effortlessly create, promote, and monitor their success.
Marvin Molijn, Factorial's Partnership Manager, commented on this exciting venture: "Our collaboration with Piggy is a step towards integrating a dynamic reward system for businesses. At Factorial, we always aim to create memorable experiences. Combining our strengths with Piggy ensures we're simplifying processes and enhancing daily operations for all. Together, we're setting a new standard in fostering employee satisfaction and retaining the best in the business."
Why is Employee Loyalty Paramount?
Understanding the value of loyalty in today's workplace isn't just a feel-good exercise; it's crucial for the bottom line and overall success of an organization. Here's why:
A Sense of Purpose
Employees who feel connected to a company's mission are 1.7 times more likely to stay with their organization. Loyalty programs can strengthen this bond, emphasizing that every individual's contributions are pivotal to the company's overarching goals.
Motivation to Excel
According to the Harvard Business Review, recognition consistently leads to higher motivation and engagement. Loyalty programs, by offering tangible rewards for hard work, inspire employees to push boundaries, fostering a culture of continual improvement.
Building a Community
Feeling a sense of belonging at work leads to a 167% increase in employee satisfaction and engagement, as highlighted by Gallup. Loyalty programs contribute to this by creating a sense of camaraderie and community, ensuring every member feels valued and integral to the team's success.
Enhancing Overall Well-being
A Forbes article mentioned that consistent recognition can lead to improved mental health, increased job satisfaction, and enhanced work-life balance. By integrating loyalty programs that frequently acknowledge employees, companies can ensure a healthier, happier, and more balanced workplace.
With these insights, it's clear that loyalty programs aren't just a trend; they're an essential tool for building stronger, more resilient organizations.
Delve Deep into HR with Piggy x Factorial
While Piggy has always been at the forefront of loyalty solutions, Factorial is a game-changer in the HR tech world:
Holiday Management Simplified: Factorial's tool automates leave requests, offering a clear view of employee absences and ensuring smooth planning.
Clocking In/Out Made Easy: Reliable time tracking, be it via desktop or mobile, guarantees accurate records and correct overtime calculations.
Efficient Scheduling: A user-friendly calendar view combined with templates ensures efficient scheduling and time management.
Boost Employee Progress: Automated performance reviews coupled with skill tracking offers insights into team capabilities, ensuring optimal talent management.
Hassle-free Recruitment: Their Applicant Tracking System streamlines the hiring process, boosting your employer brand in the process.
Going Paperless: All data stored securely on a cloud-based platform, with e-signatures and document customization adding to the ease.
...And so much more to explore!
Join us as we embark on this journey of innovation, simplification, and appreciation. Here's to future successes and collaborations that make a difference!