GiftCard Partners Blog

Timeliness!

Incentive Magazine recently published an article called
“Forget Employee of the Month and Focus on Employee of the Moment”, where they discussed the rise of importance of immediate rewards for brilliant performance. In the past year, our connected sociability brought a 250% increase in tweets per day, 100% growth of LinkedIn users, and Facebook’s increases logins to 250 million each day, indicating a rapidly growing culture of immediacy. How does this effect HR professionals? Razor Suleman’s Incentive article announces that it’s time to institute an “Employee of the Moment” strategy by launching a social networking campaign to:

All employers use the upcoming holiday season as an opportunity to recognize their employees. Whether it is a holiday party, bonuses, or rewards such as gift cards, holidays are the time to say "thank you" to your employees.  But more and more companies are using the recovering economic climate as a tool to recognize employees and energize them for the year ahead.  Instead of just saying "thank you" retroactively employers are now using holiday recognition to renew employee commitment and drive, and catapult the momentum into the year ahead. Boosting employee morale at the end of the year is a way to boost morale and confidence in the year ahead. "If business is moderate or down, there's an attitude that develops and you are not in a good place when you look toward the next 12 months." says  Robert Preziosi, professor and chair of management at Nova Southern University. Confident employees who feel valued reduce fear and increase productivity. Does your company try to close with a boost in revenue? Do you make an effort to recognize employees to increase confidence and productivity? Let us know what your company is doing for its employees this holiday season.  
For more about holiday rewards as motivation for the new year click here.

The latest analytics from comScore Inc. indicate that the number of consumers using mobile online banking has increased 45% since one year ago.  This staggering number is proving the shift to mobile technology use is growing, and most importantly, that consumers are beginning to trust mobile technology more as it continues to develop. Upon the initial introduction of mobile financial applications the majority of consumers indicated through various surveys and studies that they used mobile technology, but would not do so for banking or financial purposes. Having a trusting consumer base has caused a massive growth in mobile banking, which could also mean big changes for gift card usage and receipt of employee rewards.  Imagine getting a spot reward, gift card from your boss for doing well on a big project, and having it download right to your phone. Or having your year end bonus go into your checking account and being able to move that money around on your way to buy your holiday gifts. Mobile banking is changing the way people handle their money. How will it change your financial attitudes? Do you trust mobile banking?
For more information on the latest comScore Inc. analysis click here.

Over the last few years, in reaction to the US recession settling in; shoppers have doubled-up their holiday purchases in order to stretch the family dollar beyond the holiday deals. “Shoppers say they intend to spend $130.43, on average, on sales of clothes, electronics, home goods and other items for themselves or their families, up 16 percent from last year’s $112.20”, according to the National Retail Federation’s 2011 Holiday Consumer Intentions and Actions Survey. In the coming weeks, CVS/pharmacy and GiftCard Partners will launch a B2B promotion in that exact vein. The campaign is directly tied to employers’ holiday giving to employees, allowing employers to save money and GIVE MORE. At a store like CVS, gift card recipients can cash in on holiday deals to purchase every-day items for themselves and their families in addition to their holiday shopping. Visit
Holiday Shoppers Want Deals for Themselves to learn more about this consumer trend, and GCP will deliver more in early November to help employers save while giving more to their employees for the holidays. Source: Chicago Sun-Times

Retail competition definitely intensifies during the holiday season, so it is important to make sure your business' holiday strategy stands out.  Here are 5 quick tips from "Practical Ecommerce" to keep your strategy fresh this year.