Rewarding employees can become trite and lose its meaning. Sometimes coming up with interesting ways to recognize exceptional employees like presenting a public reward or giving an innovative gift such as a gift card, instead of cash can make the reward more meaningful. Here are a few quick criteria for keeping meaning in your employee rewards program.
I had the pleasure of attending the Incentive Research Foundation (IRF) 12 Trends in Rewards & Recognition webinar last week. It was a truly well put together and extremely professional event; I don’t tend to take these attributes for granted these days. And the post webinar white paper download is filled with survey results, studies, insights, economic climate conditions, mobile technology implications in the workplace, the latest engagement techniques, and so much more. During the webinar, they noted that they’d release 2 new studies about the use of prepaid cards as incentives and rewards and 11 new studies and white papers on the use of rewards, recognition, and motivational meetings in the workplace. Here are IRF’s top 12 Trends, do take the time to download the white paper; it’s a must read for employers involved with engagement, motivation, recognition, and rewards…the things that keep your business ticking!
Loyalty Programs are an important facet of the incentive industry for B2B gift cards or buying gift cards in bulk. Gift cards have been touted as one of the most coveted gifts in universe (well, pretty much). Are you offering gift cards for reward points as a way to keep your loyalty program alive with customers? In a recent article “5 Ways to Keep Loyalty Points from Expiring”, it’s noted that the massive quantities of rewards points that consumers hold “has created a headache for the companies that offer them”. BUT – aren’t these “loads of points” also an opportunity for loyalty programs to try to engage customers 1 last time? Will offering highly coveted gift cards for points get these folks back in the game? Surely the engaged customer is more valuable than the dormant one. This article highlights great ways for consumers to keep their points in play, but these tactics should also be looked at as strategies, by the programs themselves, to promote the ongoing use of their program. Consumer or program provider… take a look at these loyalty program strategies for the new year. Source: The Toronto Star: 5 Ways to Keep Loyalty Points from Expiring
The Ventura, CA community is taking innovative steps to minimize drunk driving this holiday season. A group of Ventura County bars and restaurants is taking part in a safety rewards program funded by a local government grant. The participating businesses are giving away small spot rewards, such as gas cards to dedicated designated drivers throughout the holiday season. Larger items are also raffled off during special drawing nights. The program rewards good drivers, but has also garnered the support of the community by making the roads safer and putting citizens at ease during the holidays, knowing that drivers are being incented to stay safe. Does your community use these types of rewards for good behavior? Should we need to use spot safety rewards to keep citizens within the rules of the law? Let us know what you think, and leave a comment! To read more about the Ventura County DUI Safety Rewards Program click here.
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