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Pay Rises No Way to Go When Saying Thanks

** For Immediate Release **

Young entrepreneurial trio Kendra Frew, Jason Jordan and Stuart Norman have come up with an easy way to help bored companies get out and start enjoying life by taking staff rewards to a new level.

With unemployment figures at an almost all time low due to the all encompassing economic steamroller that is the current resource boom, and increased competitiveness across all sectors of industry it has now become more important for businesses to hang on to valued staff members and clients.

In a recent Gallup Organisation Poll it was found that 48% of "disengaged" employees (i.e. those employees that had low morale at their place of employment) were planning on leaving their company within the next twelve months.

The three business owners got together and formed BigThanks after realising that something needed to be done to help organisations win back the enthusiasm of staff with flagging morale.

"BigThanks was created to help the executive assistants, office managers and human resources teams out there who have run out of new ways to motivate their staff", Director and former group company accountant and finance broker Stuart Norman says.

The BigThanks.com.au website features an array of experiential type gifts which can be purchased online and in turn given to employees or customers as rewards or incentives.

"Gift baskets have almost become a tacky cliché. Pay rises are no good either to boost morale. The Americans discovered this a while ago and we are just starting to wake up to it ourselves".

There's good evidence to back these claims as well. In the 2003 the US Incentive Federation Survey found that 3 out of 5 respondents felt that pay rises were something that was owed to them by their employer. Furthermore 68% responded by saying pay rises invariably have a negative impact on their morale because they believed they were not large enough.

Stuart can attest to this fact as well. "I actually left the last position of employment I had because my annual pay-rise wasn't up to my expectations".

There is also evidence to show that giving experiential type gifts can be good news for the company balance sheet as well. The American Productivity and Quality Center and the American Compensation Association found that cash rewards, such as pay rises, must equal 5-8% of an employee's salary in order to change behaviour, while non cash incentives and rewards, such as frequent team building exercises and other gifts involving "getting out of the office", need only require 4%. Therefore less money needs to be spent keeping staff happy.

So what type of gifts do people like receiving? According to the June 2004 RedBalloon Days Australian Pleasure Survey 89.4% were most likely to enjoy receiving a weekend getaway as a gift for their hard yards. Next most popular were pampering packages such as day spas (67.9%), dinners for two (64.9%) and fun sporty type activities such as paint balling or V8 race car driving (46.4%).

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