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A Raise is No Longer a Sufficient Reward

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:

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As Unemployment Drops, Employee Retention Becomes Crucial

This interesting Canadien article pointed out a seemingly obvious but interesting point.  As unemployment rates drop employees gain an advantage over employers in terms of the job search.  Employers find during these times of transition, when the unemployment rate is dropping and employees tend to start to look around the job market, that they need to ensure that their employees stay happy.  How to keep employees happy? Incentive programs! A poll of 429 businesses found that more often than not, business owners count on employee incentive programs to draw and maintain motivated employees.  Increased employee motivation is the top priority of 88% of respondents.  Gift cards are an incredibly effective way to motivate your employees.  They are easy to administer and use, they hold trophy value, and show true thought when given from employers to employees.  How high on your priority list is employee motivation this year? How do you incent your employees?  
For more information on employee motivation in the coming year click here.

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Top Reasons why to use gift cards for incentives

Incentives as a way to boost employee morale, motivation and performance is nothing new, but let’s look at 5 perspectives for why to consider gift cards as incentives. Gift cards are as close as you’ll find for a one-size-fits-all incentive. They truly satisfy all demographics, interests, needs and lifestyles and offer much flexibility for the buyer. 1. Employees want gift cards. According to a recent study by Incentives Magazine, 8 out of 10 employees report that they prefer gift cards over other incentives. 2. Gift cards provide choice. Choice not just in what your recipient selects, but you often have choices in how you give them: eCert, mCert (mobile delivery) or plastic 3. Gift cards can be shared with family and friends. A night out with loved ones of friends has been cut back as discretionary spending, revive the night out with gift cards. 4. Gift cards can fit many corporate needs. Bulk gift card purchases provide cost savings and fit a variety of business scenarios can provide additional cost savings. Use for employee incentives & retention and use as rewards in corporate health & wellness programs, consumer promotions, customer promotions & loyalty, and/or as dealer and reseller awards. Source for list: Ceridian Connection.

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Three C's to Maximize your Gift Card Incentive Program

Selecting the right gift card for your incentive program is crucial to its success. It's not just about satisfying your employees; it's also about staying within budget. Here are the "three C's" to help you maximize your gift card incentive program:

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Ramping Up Employee Engagement: Gamification in the Workplace

In today’s rapidly evolving workplace, gamification is gaining traction as a powerful tool to engage employees in incentive programs. Gamification leverages game-like elements—such as rewards, challenges, and competition—to motivate and reward employees for achieving goals, learning new skills, or engaging in health and wellness initiatives. According to recent data, gamification is expected to grow significantly, with the global market projected to reach $30.7 billion by 2025, driven by its effectiveness in improving employee performance, motivation, and engagement .

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