Loyalty Points...in the office?
A fairly innovative way to use loyalty points, similar to systems credit card companies use, is now being placed in business to monitor and reward employees. When employees perform well they receive points, instead of a bonus. When an employee has enough points accrued they can redeem the points for experiences, travel, and gift cards. This system is also beneficial for managers because they can monitor an employee's progress and performance over time. If an employee does not accrue points at an acceptable rate it is obvious that the employee performance is not up to par. This is a cool application of loyalty point systems and redemption. A system like this is adds more fun, excitement & interactivity to workplace rewards as people will engage with the system as they accrue points. We heard about this system being used in the UK but do you know of any US companies doing this? If so, leave us a comment. We really like this idea as a fresh way to engage employees because, for example,it might be nice to have a free gift card over a long holiday weekend! For more information on these
loyalty rewards click here.
Health and Wellness: Approaching Employee Enrichment, both inside and outside the office
According to a new industry white paper entitled “Beyond Employee Engagement: Creating Enrichment” indicates that employees want to feel truly cared for and valued as individuals. Employees want employers to address both work and non-work factors in employees’ lives in order to create expectations that are built with employee’s whole well-being in mind. The idea on the employer side is that if an employee is enriched and their work expectations are built around employee well-being they will perform to their fullest extent in their job. This is a new trend that goes beyond the traditional boundaries of employee incentives, and takes a holistic approach to employee health and wellness. Do you think this goes beyond professional boundaries, or is it a healthier way for employers and employees to interact?
Dos and Don'ts of Gift Card Incentive Programs
In every decision we make, whether professional or personal, there are always considerations to weigh. When it comes to implementing a gift card incentive program in your company, it's crucial to navigate through the pros and cons to ensure its effectiveness. Here are some valuable dos and don'ts to optimize your gift card incentive program:
The Gift Card: A Win-Win for Employees and Employers Alike
Gift Cards are the most popular employee incentives in today’s market. It is easy to forget why so many people use gift cards, so let’s review the advantages experienced both by employers and employees.
Employer Advantages of Gift Cards:
Who Needs a Wallet When You Have a Smartphone?
Can't find your wallet as you are running to the store? Soon, this will be no problem, as long as you can find your smartphone. Google will soon be launching "Google Wallet," an application that turns Smartphones (starting only with certain Android powered phones) into mobile payment systems. The technology will use NFC (near field communication) technology to allow consumers to pay for purchases, receive special offers, and administer loyalty and rewards programs. So does this new technology bring online customers offline, or offline customers online...let us know what you think! For more information on the l
aunch of Google Wallet, click here.
