GiftCard Partners Blog

This blog is in no way meant to be alarmist. I grew up on the coast of RI; I know how ocean-side communities fear hurricanes. This blog is meant to highlight a use of gift cards that we’ve seen repeated in several places, including our recent Summer 2011 Gift Card Usage Survey (results to come) and this story, from Naples FL. Blood drives are so important to maintaining the critical and highly perishable supply of blood that is needed to support the victims of natural disasters, in addition to the normal supply required. A recent NY participant in GiftCard Partners’ survey shared that they use gift cards to keep their most loyal donors and supporters engaged with them and to positively impact their blood giving experience, frequency and long term supporter status. In my opinion; this is how to rally help for friends and neighbors... from
www.naplesnews.com: “The blood center will offer $10 gas cards and the chance to meet former Miami Dolphins defensive star, Kim Bokamper. Successful donors will also receive a $5 Patric’s Restaurant gift card and gift cards from Sylvan Learning Center, Sugar Palm Café Bakery & Sports Clips while supplies last. Event participants will have the opportunity to win the following grand prize drawings: one of two pairs of Tampa Bay Rays game tickets, one of three pairs of Fort Myers Miracle Baseball tickets, a 10-passenger sightseeing cruise from Cruise Naples and one of 3 three $50 gift cards courtesy of Lu Lu Belle Children’s Boutique. Plus, visitors can enter to win the blood center’s summer grand prize drawing of 4 adult two-day Busch Gardens admission passes and lodging from Wingate by Windham. Visit
www.givebloodcbc.org or call 239-436-5455 for more information.” Gift cards are a great way to inspire and incent people to take part in such a critical campaign.
Read the full report and blood donor offer here.      

What’s the high level? The
2011 Gift Card IQ Survey reveals good news for retailers when it comes to “bigger” incentive gift card budgets. The five largest budget categories (all above $75,000) all increased. For example: -    Budgets “more than $100,000 nearly doubled to 15 percent this year, compared with 7.8 percent in 2010.”

Employees' satisfaction with their recognition is not truly measured by the company, but by the employee.  And, although it is easy for companies to simply give employees recognition by giving a raise, employees are not satisfied with this outcome.  Employees want more; they want to feel as though their employer cares about what they want for their efforts, not what the company is willing to give.  The top five reward satisfaction points based on a recent poll were:

The "Kicks for Guns" program in Central Florida, will be held from this weekend in order to get illegal and unwanted guns off the streets of the greater Orlando area.  No questions will be asked of anyone turning in a gun, and people who turn in guns will be rewarded with gift card options from select local retailers.  These types of buy-back programs are common in communities when local law enforcement is trying to rid the community of certain dangerous materials.  Another common buy back program is for old prescriptions.  Often in communities local law-enforcement will reward community members with a relevant gift card in exchange for their old prescriptions. This is a way for the community to come together to promote safety and unity, and indulge in the offered rewards. For more information on the
gun buy back in Orlando click here.  Have you seen any other buy-back programs? Where and what was the reward? Let us know by leaving a comment.

Incentive Research Foundation (IRF) and the
Incentive Federation recently published a study that highlights gift cards as an employee reward preference over cash rewards. The study about incentive awards recognizes non-cash incentives as a way to control spending, while motivating employees and channel partners. The preliminary results of the study point out that employee cash incentive awards are averaging $732.00, which is triple the cost of non-cash awards. “The study validates our experience and belief that the average cost of a cash award is roughly triple that of either merchandise ($206) or gift cards ($240),” according to Incentive Federation Chairman Stephen Slagle.  “The total cost of incentives is especially important in our post-recession economy, so the data points stimulated extensive discussion around the benefits of each award type,” he explained. To read more about this study, visit
IMA’s Return On Performance. Check back with us regularly; we’ll publish a link to the full study results once they are available.