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.
The Incentive Research Foundation has released their predictions for 2018. This study sets the tone for the incentive market for the coming year and is often a guiding indicator for companies and third party vendors, building 2018 incentive programs for how much to spend and what incentives are trending.
As younger generations enter the workforce and regulations surrounding health and wellness programs continue to evolve, there’s a lot to consider when developing your own program. Today, more companies choose to use incentives to engage employees and reward them for healthy behavior.
When your employees finish a project in record time, rewarding them with any one of three CVS gift cards may be a practical yet wise choice, especially if you don't know where they like to eat or shop.