Salt Unveils Nearest-Time App to Spice up Office Engagement and Retention
NEW YORK, Feb. 20, 2025 /PRNewswire/ — Salt, the award-winning employee rewards and loyalty platform, nowadays introduced findings from a new study, revealing that the app reduces worker yield via 62%. This pristine information arrives simply as the corporate launches the nearest past of its answer, Salt 2.0.
Salt Worker Rewards App
A pristine learn about interpreted via Dr. David (DK) Kryscynski, Colleague Schoolteacher of Human Useful resource Control at Rutgers College and knowledgeable in strategic human capital and non-monetary incentives, unearths that workers the usage of Salt have a 62% decrease yield price than non-users. The analysis tested information from greater than 60,000 workers throughout six corporations and means that Salt may handover vital retention advantages via riding greater commitment and engagement.
This step forward in retention is bolstered via Salt’s original milestone—surpassing 10 million worker paintings hours logged. Since its inauguration in 2023, Salt has helped companies of all sizes—from 1,000 to 100,000 workers—toughen retention and productiveness via rewarding workers in genuine year for each and every past labored.
Key the explanation why Salt will have to leave worker yield, in step with the learn about, come with:
- Confirmed Commitment Type: Salt leverages a long time of insights from airline and retail commitment systems and applies behavioral science to power retention.
- Significant Rewards: Staff can redeem issues for rewards they worth, which they may not another way be have the funds for on their restricted budgets—making the rewards really feel the entire extra impactful.
- Higher Monetary Possession: For plenty of hourly workers dwelling paycheck-to-paycheck, the lot of wealth of their Salt account represents one of the most first significant preserve alternatives to be had to them.
- Quick Gratification: In contrast to maximum worker rewards systems that happen weeks and even months then the specified conduct, Salt rewards workers in an instant as they plank hours.
“Traditional rewards programs rely on managers to decide when and why to recognize employees, with additional peer recognition features. Salt flips these models by rewarding employees directly as they work, which could give them a greater sense of ownership over their own investments in the company,” stated Dr. Krysyncski. “Tech solutions like Salt have a real potential to redefine the way that employees feel ownership and loyalty at work.”
Introducing Salt 2.0
Construction on its luck, Salt nowadays unveiled Salt 2.0, that includes robust pristine gear to aid employers spice up efficiency and leave yield. Staff can now redeem Salt for an expanded choice of curated stories, top class offer, and unique perks, day monitoring advance towards personalised objectives with real-time interactive milestones and bonus incentives. Employers can build goal-driven demanding situations attach to key industry targets—corresponding to coaching finishing touch or KPI achievements—making sure the rewards program aligns with their strategic objectives.
“We’re thrilled to release Salt 2.0. Today’s employees want to be rewarded with something meaningful in addition to a paycheck. Salt enables employees to associate their work with enjoyable and positive outcomes, in addition to paying bills and making ends meet. This is why Salt has such a highly retentive benefit for employers,” stated Jason Lee, founding father of Salt and Leading of Chime Endeavor.
For more info on Salt 2.0 and to obtain the total Rutgers University study, talk over with Salt’s web site at https://www.saltlabs.com/.
About Salt Labs
SaltTM is an award-winning worker rewards and commitment platform designed to aid corporations interact, acknowledge, and conserve their personnel. Prominent corporations throughout numerous industries, together with retail, hospitality, production, and extra, agree with Salt to power worker commitment and long-term retention. In 2024, Chime® bought Salt Labs to additional its undertaking of empowering on a regular basis nation to Liberate Monetary AdvanceTM—enhanced via world-class undertaking features and sector wisdom. For undertaking partnership alternatives, talk over with www.saltlabs.com or electronic mail [email protected].
SOURCE Salt Labs, Inc.
