Getting employees to perform their best requires engaging them in effective ways that reward working hard and meeting their goals and quotas. Separate from compensation, gift cards motivate employees to meet performance goals and reward them at work by giving them something to strive for by providing memorable experiences with their favorite brands.
Key areas that gift card incentives help performance and sales recognition are:
Employees are motivated by rewards they know they can earn for their effort. Sales teams in particular push themselves to meet quotas, but can lose motivation over time without the right incentive to keep them going. Gift card rewards can motivate employees and elevate performance, encouraging the adoption of better behaviors.
Fostering Healthy Competition
Healthy competition can be good for the performance of sales teams and can also promote workplace camaraderie. Gift card rewards can be used in sales competitions by rewarding top performing employees. The recognition and gift card reward itself motivates employees, and also helps organizations hit individual and team goals in a creative way.
Driving Results Effectively
Gift card rewards are effective tools for employers to utilize in motivating and achieving desired behaviors and results from their employees. If your organization is looking to incentivize individuals and teams to boost overall performance and meet goals, gift card rewards encourage employees of all levels to increase their productivity and drive results by showing them their effort produces tangible results.
Increasing Retention Rates
The time and resources spent on recruiting, onboarding, and training new hires to be productive and successful in their role is costly. Performance recognition plays a big part in how satisfied employees are in their roles and how likely they are to stay with a company. Gift card rewards are a powerful tool to recognize employee performance by building loyalty, increasing job satisfaction, and ultimately retaining top talent.
Sales teams work extremely hard and are driven by commission, so it’s important to choose the right incentives to reward their performance. Differentiating performance recognition from cash compensation is key to creating an association with rewards that motivate and encourage sales teams to hit and exceed their sales quotas. Using non-cash incentives like gift card rewards creates a direct connection between employee and sales performance by providing a memorable experience.
We have worked with companies to identify and match the best incentives for their employee sales and performance programs, focusing on gift card rewards due to their versatility, variety of brands available, and their ability to drive positive results. Gift card rewards and incentives have become popular incentives for sales and performance recognition programs because they provide employees a tangible display of your appreciation and reinforce the important role they play in making your business a success.
GiftCard Partners works with organizations to identify and match the best gift cards to incentivize employees to meet and exceed performance goals and sales quotas. Our Engage2Reward™ Platform allows organizations to conveniently select the brands that appeal to everyone throughout the company across all departments.
Gift card incentives effectively motivate employees, drive results, and increase your bottom line, by providing: