Keep Financial, the pay and employee engagement technology firm unveils KEEP Performing, a new performance element added to the Keep Employee Engagement Platform (KEEP).
Employers may use KEEP Performing to establish a ‘performance challenge’ with defined targets and link it to an employee’s vesting cash incentive. When an employee completes a challenge, they receive a performance award that shortens the vesting period.
“Keep has been a valuable tool in Bestow’s employee retention program, and we’re excited to use KEEP Performing to better align performance objectives with significant compensation events,” said Claire Martin, CFO at Bestow Inc.
According to Gallup, only 2 out of 10 employees believe their performance is managed in a way that motivates them to do their best work – and employees who identify as actively engaged are 4.6 times more likely to do their best work.
Performance-based triggers may now be used by organizations to expedite vesting milestones and increase employee engagement. Gallup estimates that by cultivating – and even incentivizing – engagement, businesses can achieve 21% higher profitability, 41% lower absenteeism, and 17% higher productivity.
