According to the new Ixaris Study of Reward & Incentive Preferences, which gathered responses from over 4800 employees form 4 countries (including the U.S. and Canada) employee incentives work in keeping employees satisfied and motivated. According to the survey 28.6% of U.S. employees indicated they had been rewarded or recognized. The more staggering numbers are that 70% of respondents indicated they put in extra effort when they know they are going to be rewarded. 80% of respondents indicated that incentives make them feel valued. Rewarding employees by treating them to something special. 70% of respondents indicated that when given cash rewards they used the reward just like regular pay, but over 75% of respondents indicated that gift card incentives were used to treat themselves to something special. Allowing employees to treat themselves to something special like a meal out with their families at
The Cheesecake Factory, or a shopping spree at
The Limited, or even a bouquet of flowers for a loved one from
1-800-Flowers is a great way to show employees you care, and that their efforts are valued above and beyond their standard compensation.
For more information on the Ixaris study or the positive impact of employee incentives check out this article from Incentive Magazine.
