GiftCard Partners Blog

The Incentive Research Foundation (IRF), a leader of research and education in the global incentive and recognition industry, recently published its first study about U.S. federal regulations that impact reward and recognition programs. 

Cash is the simplest way to reward someone. It’s universal, everyone needs it so you know when you provide it, it will carry meaning to the recipient. However, if you dig into the science of cash versus non-cash rewards you might see the employee rewards landscape differently.

The Incentive Research Foundation has released their predictions for 2018. This study sets the tone for the incentive market for the coming year and is often a guiding indicator for companies and third party vendors, building 2018 incentive programs for how much to spend and what incentives are trending.

According to a Gallup report, U.S. employee engagement levels stagnated at 33% in 2023. What this means for businesses is a loss of up to 18% in sales productivity and 14% in overall employee productivity.

As younger generations enter the workforce and regulations surrounding health and wellness programs continue to evolve, there’s a lot to consider when developing your own program. Today, more companies choose to use incentives to engage employees and reward them for healthy behavior.