GiftCard Partners Blog

Employee incentives are increasingly popular among employers looking to maintain high levels of employee engagement, retention and satisfaction.

When we talk about motivating employees, most people immediately think of promotions and cash bonuses. And sure, those have their place. But they're not sustainable motivators for everyday performance or long-term engagement.

Recent corporate tax cuts are beginning to take effect for organizations of all sizes, leaving companies to face a big question: what to do with the extra money? Employee engagement, through incentives and rewards are a great area to invest in, given the impact they can have on company morale, employee happiness and overall employee retention rates.

The Incentive Research Foundation (IRF), a leader of research and education in the global incentive and recognition industry, recently published its first study about U.S. federal regulations that impact reward and recognition programs. 

Cash is the simplest way to reward someone. It’s universal, everyone needs it so you know when you provide it, it will carry meaning to the recipient. However, if you dig into the science of cash versus non-cash rewards you might see the employee rewards landscape differently.