"Today, there is a lot of peer pressure that affects attrition. Thus, the general outlook of the company as an agile, modern organization is important in employee retention - and having a robust rewards program is a significant part of it. Xoxoday enabled us to do that re-branding."
Finding the right technologists for a firm such as BusinessOne Technologies can be quite tricky, given the very niche nature of the industry that they work in, which exists at the intersection of technology and pharma. This led to an increased focus on ensuring employee retention because of the potential hassle and costs involved in replacing a qualified employee post exit. The output of several focus group discussions held by the HR team to identify the causes for this attrition narrowed it down to a huge gap in rewards & recognition in the HR process. This gap was attributed to the haphazard rewards & recognition program that was in place. This program mainly consisted of cash, certificates, cheques and a few awards.
To find out how Empuls by Xoxoday helped BusinessOne Technologies to overcome these challenges & build an effective rewards & recognition program at their firm, check out the full case study.
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