Business View Magazine | December 2020

191 BUSINESS VIEW MAGAZINE DECEMBER 2020 UT I L I T I ES EMPLOYEES CREDI T UNION Pre-pandemic, national account representatives traveled the country year-round to offer in- person support to utility and energy partner companies and their employees. These representatives assist with employee rollouts, facilitate financial wellness courses, attend open enrollment sessions for employee benefits, and provide one-on-one support. COVID-19 may have put a damper on in-person meetings, but it hasn’t stopped the UECU’s representatives. “They normally travel to our existing sponsor companies, as well as to prospective ones to drive business and meet with the members,” says Krevolin. “Because of COVID they have not been able to travel so we’ve had to use a lot more virtual meetings.” This operating model has served UECU well. The credit union has consistently received a five-star superior rating from BauerFinancial Inc, an independent firm that analyzes banks and credit unions. They achieved this rating thanks to having the highest- ranking level in capital adequacy, asset quality, and stability. In 2019 and 2020 UECU was also Thank you from MET-ED Lineworkers We All Want a Successful Employee Rewards Program Reward and incentive programs are often considered a key element of engaging employees and to motivate productive, healthy, and safe behaviors in the workplace. The foundation of every employee rewards program is the idea that recognizing employees in a meaningful way will empower them to do their best work. What elevates an employee rewards program is the inclusion of five key elements that increase employee engagement and collaboration while building trust. • Keep reward programs simple to administer, understand, and use. That means user-friendly technology for both the awarding party and the awarded. • Put recognition in the hands of the employees and the managers. Don’t set up a process for approvals fearing misuse. Instead, put trust in your people to do the right thing and remove barriers to recognition. • Budgets don’t have to be large. It’s the communication that matters most. • Give rewards that people want. Don’t restrict awards to fit your ideal or someone else’s business model. • Establish the purpose of your program at the outset and be clear about success will look like. We’d love to talk about rewards with you in 2021! - The Tango Card Team ...... For more information, please visit www.tangocard.com/why-businesses-use- tango-card-for-employee-reward-programs