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Incentives Industry Breakdown 2016

The incentives industry is thriving with 84% of U.S. businesses now using non-cash rewards to recognize and motivate their key audiences. Non-cash rewards come in many forms: from award points, gift cards, incentive travel, to merchandise, and more. In 2015, businesses spent $90 billion for these rewards and sales and employees are the largest audiences targeted when it comes to these non-cash rewards.

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CVS Pharmacy® August Wellness Newsletter

Top stories from the CVS Pharmacy® August Wellness Newsletter!

Flu season is right around the corner. Last year more than 111 million sick days were taken as a result of the flu. In this edition of the CVS Pharmacy® August Wellness Newsletter, we focus on ways to keep your workforce healthy this season, the latest news from CVS and their flu shot eGift card, and resources on wellness and safety incentives.

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How to Motivate Your Sales Team with Gift Card Rewards

Motivating your sales team is an essential component of your organization’s overall success. A highly motivated sales team is more engaged, experiences lower levels of absenteeism, and is better equipped to acquire and maintain loyal clients. However, motivation isn’t a one-size-fits-all approach; it requires a combination of recognition and appreciation tailored to the unique preferences of each salesperson.

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Engaging Employees with Safety Incentives

Employee safety and wellness are fast becoming a top priority for organizations. In a given year, companies spend over $170 billion in costs associated with occupational injuries and illnesses. To reduce these costs, and to keep employees engaged and healthy, you need a successful safety incentives program, but that will not create itself. Employees do not just see a safety program and buy in 100% for an indefinite amount of time. Employees need to be incentivized to engage in the programs that you are putting out there for their, and your, benefit.

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The Evolution of Gift Cards

It all started with paper gift certificates. These certificates were given to employees, customers, and partners for meeting goals, recognition on a job well-done, or just as a simple thank you. Gift certificates were often mailed and could take weeks to reach their recipients.

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