One of the largest Fast Moving Consumer Goods company in India initiated several rewards & recognition programs for their employees to reward them for their various achievements in the company, based on different functions and work levels.
They wanted to implement an umbrella Rewards & Recognition initiative under which all the employee initiatives could be clubbed and a single platform be created for the employees where they would be motivated & incentivized for their performance.
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We are building loyalty ecosystem
A business with a 60% customer retention rate is losing 3-4 times as many customers a business with 80% retention rates. Besides, increasing customer retention by just 5% boosts profits by 25 to 95%, according to the advisory firm Bain & Co.