Credence Analytics - Reward & Recognition

Reward & Recognition:

“If everyone is moving forward then success takes care of itself.”  Henry Ford

We believe that R&R plays a huge role in keeping one motivated and enthusiastic to work on new ideas or come up with some. When an employee is rewarded and recognised, it isn’t only him getting the adrenaline to outperform his best but also a push for others in the team. They want to be like him i.e. do better. And hence,

We are introducing Reward mechanism in 3 categories:

1.   Based on Metric

2.   Based on Events

3.   Based on Breaking the Record  

1. Based on Metric:

We are introducing game elements in non-game situations - Acquire, Engage & Earn the Reward with gamification; Be at the top of your game!

The Metrics are:

1. No of Leads: Sales Team
2. New Issue closed: Product Development & Implementation team
3. New Developer Task: Product Development teams
4. On Training session completion: across all teams

In addition, there will be Game mechanics which include energy points, leaderboards, badges and progress. We have defined the energy point rule for each of these metrics:  https://erp.credenceanalytics.com/app/energy-point-rule.

Energy Point Rule on ERP:

search bar - Energy point rule list

Metrics & Energy point rules

No of Leads:

New Issue closed:

New Developer Task:

On the Training session completed:

Timelines & Applicability:

Energy points on each metric will be added month on month basis & reward will be given quarterly. These energy points will be listed on the leaderboard for you to see your progress. Different badges will also be assigned to you once you achieve your goal.

2.   Based on Events:

1. GoLive
2. References
3. Creation of a Training Program (Content)

Timelines & Applicability:

You can grab this reward as and when you achieve the goal.

3.   Based on Breaking the Record:

1. Expert Skill Rating (TAT)
2. Early Onboarding – Promotion (TAT)

Timelines & Applicability:

You can grab this reward as and when you achieve the goal.