Employer vs. Employee Perspectives on Employee Incentives
One of the most important challenges that employers share is undoubtedly reducing health care costs, while maintaining the perception of high healthcare value being offered to employees. But, employer and employee perspectives can be greatly skewed.
Why Gift Cards are the Smart Choice for Employee Reward & Recognition Programs
Chicken or Steak; Obama or Romney; Comedy or Drama; Yankees or Red Sox; Gift Cards or Cash? We may not have all the answers, but according to Incentive’s “2012 Gift Card IQ” survey, gift cards trumps cash.
The use of gift cards in the incentive industry grew from 27.8 percent last year to 36.7 percent in 2012. Not only are companies using gift cards as a way to recognize or reward employees during the holiday season but the survey shows that they are increasing the frequency of which they use gift cards throughout the year and the amount spent on them. The survey seems to be holding steady states Incentive Magazines Leo Jackson, “…the best word to describe the results of Incentive’s “2012 Gift Card IQ” survey, compared to the 2011 version, is stability. By and large, this year’s results were within a couple percentage points of last year’s in virtually every category.”
It looks like gift cards are on the rise while cash rewards could become a thing of the past. Some interesting findings from the survey include:
B2B Gift Cards and Vouchers, a Smart Corporate Trend
The UK Gift Card & Voucher Association recently announced that the sales of vouchers and gift cards increased by 9% last quarter (Q2-12), while the gift card/voucher industry as a whole has grown 5%.
GiftCard Partners believes so deeply in the corporate use of gift cards as employee incentives, like health and wellness program incentives and sales incentives, employee rewards, and customer loyalty tools, that a growing percentage of our staff is focused on selling gift cards in bulk to the corporate channel. GiftCard Partners recently launched
maxchoice international vouchers, which offer great options to reward employees with vouchers that are redeemable at more than 1,000 top retailers throughout Europe and leisure and service providers throughout Europe, Asia and Australia. maxchoice brings you options that allow your corporate incentive program the flexibility of choice:
How to Bring Wellness to Your Workplace
Loking to learn how to bring wellness to your workplace, looking for the latest corporate health trends, or how to motivate and
reward your employees?
Check our this month’s Incentive and Wellness eNewsletter for the latest tips, trends, and research for how to make your workplace more efficient and productive. The incentive and wellness landscape is ever changing.
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