With Shrinking Corporate Budgets, Focus Shifts to Employee Engagement
Companies are implementing wage freezes, pay cuts and ceasing retirement and bonus contributions. Employers are looking to employee engagement as a possible way to improve their organizations. MeritBuilder, an innovative startup, is looking to change the way organizations engage their employees. MeritBuilder's software platform helps employers improve productivity while reducing turnover.
Dallas, TX, September 11, 2009 --(PR.com)-- We've all heard the reports on the news, in our offices and at dinner tables around the country. Companies are implementing wage freezes, pay cuts and ceasing retirement and bonus contributions. A recent survey by Watson Wyatt Worldwide Inc. indicated that only 33% of companies were planning on reversing pay cuts or wage freezes in the next six months and only 24% of companies were planning on reversing cuts to retirement plan contributions in that same period. Employers are looking to employee engagement as a possible way to improve their organizations.
MeritBuilder, an innovative startup, is looking to change the way organizations engage their employees. MeritBuilder's software platform helps employers improve productivity while reducing turnover using a system that rewards employees with portable and permanent recognition in addition to a traditional employee incentive program.
"While giving an employee a gift as an incentive is great, the impact of that can wear off quickly," says Dustin Henderson, co-founder and CEO of MeritBuilder. "What employees can really use is recognition for putting in the long hours while pay is frozen and their retirement accounts are shrinking."
One of the primary elements of MeritBuilder's employee recognition software is its portable and permanent nature. Employees can take their online based profiles with them as they move throughout their career whether that means changing jobs or relocating within the company or if it means a transition out.
"With more emphasis being placed on personal branding, MeritBuilder creates a win/win situation for employers and employees," adds Henderson. "Employees are no longer working toward winning an iPod or other gadget, they want to use the platform to further their career by creating and building a personal brand. When employees have a strong personal brand, that can mean higher engagement in their work and a better reputation for your company."
MeritBuilder's newest release allows companies to implement the customizable Software as a Service (SaaS) platform in as little as a week and lets employees easily share their recognition and achievements easily on social networking sites like Facebook and Twitter. The new release also allows companies to create a custom store where employees can spend incentives (also known as MeritBucks) on millions of items from electronics to apparel.
MeritBuilder offers customized corporate platforms for any size organization. In addition to their corporate platform, they also have a personal branding platform aimed at individuals.
For more information, please visit their website at http://www.meritbuilder.com/corporate
About MeritBuilder
Founded in 2008, Little Rock, Arkansas based MeritBuilder (http://www.meritbuilder.com) is a leading personal feedback platform for individuals and culture management and employee engagement platform for corporations. MeritBuilder believes in the power of "thank you" and the ability to be able to store all of your accolades, whether professional or personal, in a single place. The company's employee engagement platform is transforming the employee incentive market from one that rewards with "things" to one that rewards with portable recognition that an employee can take with them throughout their career.
###
MeritBuilder, an innovative startup, is looking to change the way organizations engage their employees. MeritBuilder's software platform helps employers improve productivity while reducing turnover using a system that rewards employees with portable and permanent recognition in addition to a traditional employee incentive program.
"While giving an employee a gift as an incentive is great, the impact of that can wear off quickly," says Dustin Henderson, co-founder and CEO of MeritBuilder. "What employees can really use is recognition for putting in the long hours while pay is frozen and their retirement accounts are shrinking."
One of the primary elements of MeritBuilder's employee recognition software is its portable and permanent nature. Employees can take their online based profiles with them as they move throughout their career whether that means changing jobs or relocating within the company or if it means a transition out.
"With more emphasis being placed on personal branding, MeritBuilder creates a win/win situation for employers and employees," adds Henderson. "Employees are no longer working toward winning an iPod or other gadget, they want to use the platform to further their career by creating and building a personal brand. When employees have a strong personal brand, that can mean higher engagement in their work and a better reputation for your company."
MeritBuilder's newest release allows companies to implement the customizable Software as a Service (SaaS) platform in as little as a week and lets employees easily share their recognition and achievements easily on social networking sites like Facebook and Twitter. The new release also allows companies to create a custom store where employees can spend incentives (also known as MeritBucks) on millions of items from electronics to apparel.
MeritBuilder offers customized corporate platforms for any size organization. In addition to their corporate platform, they also have a personal branding platform aimed at individuals.
For more information, please visit their website at http://www.meritbuilder.com/corporate
About MeritBuilder
Founded in 2008, Little Rock, Arkansas based MeritBuilder (http://www.meritbuilder.com) is a leading personal feedback platform for individuals and culture management and employee engagement platform for corporations. MeritBuilder believes in the power of "thank you" and the ability to be able to store all of your accolades, whether professional or personal, in a single place. The company's employee engagement platform is transforming the employee incentive market from one that rewards with "things" to one that rewards with portable recognition that an employee can take with them throughout their career.
###
Contact
MeritBuilder
Lance Haun
360-356-1760
www.meritbuilder.com
Lance Haun
360-356-1760
www.meritbuilder.com
Contact
Categories