One of the greatest blessings as a business owner is to have great employees working for you. However, making sure they stay with you forever is not as easy as just giving them their monthly remuneration. Many times incentivized programs need to be implemented in order for employees to feel motivated and happy. What sort of incentive programs have you applied to your business? Do you know if your employees are actually content with them? Have you ever thought about applying new ways of rewarding your employees?
The use of gift cards by consumers and organisations have risen in the last ten years. Gift cards can be described as a prepaid stored money card available from businesses as a cash alternative. They have become a popular gift option among consumers who are shopping for family and friends. More importantly, it is sought after by businesses hoping to reward their employees, customers and partners.
The Incentive Research Foundation has revealed a few key findings in their research on gift cards:
- Gift cards are now the most frequently used reward in corporate incentive programs.
- Gift cards are popular gifts for recipients. They are usually more preferred than cash.
- Majority of incentive planners believe gift cards are more meaningful, personal and impactful than cash.
Gift cards can also be used as a multi functional card with money value that can be redeemed to shopping vouchers, electronics, travel, home appliances and donations. They can be customized to the fullest leaving everything up to your business’ imagination.
A success story comes from AIA Financial. They wanted to create a personal connection and closeness with their employees. Every employee at AIA Financial were told to nominate a family member. Then during the nominated individual’s birthday, they were sent a gift card as a reward. Incentivizing this sort of program created an intimate relationship between the business and their employees.
Another success story includes Top 1. They wanted to device an incentive program that would drive their employees further. The concept was to reward Top 1’s sales representative for every sale they made. With every sale they made, they were able to receive a certain percentage of their sale which was then compensated to their gift card. Through this, Top 1 was able to show their employees their deepest appreciation for their hard and driven effort.
If you’re unsure of whether your employees are satisfied with your current incentive program, you will want to consider gift cards as an option. We are the leading gift card and loyalty company based in Jakarta, Indonesia. We are an expert in building employee rewards program.
Feel free to contact us or visit www.giftcard.co.id for more information.