Helping Employees Cut Daily Costs with Gift Cards
U.S. workers are spending $5,620 a year on WHAT?
The answer might surprise some, but for many, it’s not a shock—coffee and lunch. According to one estimate, the average U.S. worker spends around $5,620 to $7,700 annually on these everyday expenses. If you’re thinking this seems high, consider the costs of your daily coffee run and lunch break. They add up fast.
Getting Levels of Performance and Incentives Right
In a continually changing business economy, finding the right mix of salary, benefits and incentives can be a daunting challenge to get right. There are categories of folks to consider in order to continually attract and recruit top performers, motivate all employees, and retain them. Of course that mix of benefits must help the company achieve its goals, so differentiating levels of performance with varying levels of incentives can help your company not “over-reward”. Gift cards have become the go-to option for incentives for many reasons, but their appeal is super-high when differentiating levels of performance since they can be given in so many denominations and the recipient can make their own decisions about what to purchase from the retailer or merchant. Have you created differing levels of achievement with goal specific incentives to match? Check out Business Finance Magazine’s
Compensation Challenges in 2012: Finding the Right Mix to learn more about differentiation and how to shuck and jive with change in your organization with regard to compensation and incentive budgets.
