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Why Gift Cards are the Perfect Solution for Employee Incentives
Employee retention and motivation are key components of any successful business. It's no secret that incentives and monetary rewards are a great way to keep employees happy and engaged, and according to HR University, 90% of high-performing companies use them.
A popular option for rewards is (you guessed it) gift cards, and here's why.
Gift cards offer a lot (and we mean a lot) of flexibility, making them a perfect solution for employee incentives. You can personalize them to suit your employees' interests or hobbies, which shows that you value them as individuals. Plus, you can tailor your rewards to any budget. Yep, that means anywhere from $5 to $500. No matter your business size, gift cards are a great cost-effective option to keep your employees feeling appreciated and valued. Not only are they a great way to show gratitude, but gift cards also have the added benefit of increasing employee engagement and motivation. According to a study by the Incentive Research Foundation, non-cash incentives like gift cards are more effective at boosting engagement than cash rewards. Further research that was conducted by Incentive Magazine found companies that implemented a well-designed incentive program experienced an average increase in productivity of 44 to 48 percent in the first six months (not bad if you ask us). One of the best things about gift cards is how easy they are to distribute and manage. With digital gift cards, you can quickly send them via email or SMS, saving time and making the process much more efficient. Or if you would prefer to opt for a physical option delivering with Card.Gift is fast, simple, and reliable. Keeping your staff happy and engaged is easier said than done, we get it. But research shows if you consider adding gift cards to your staff rewards programs, they are more likely to maintain their happiness, attentiveness, and productivity at work. Gift cards are versatile, cost-effective, and easy-to-manage solution that can go a long way in keeping your employees feeling motivated and appreciated. To discover our rewards solutions, visit Card.Gift business here. Or if you would like to place an order under $5000 why not check out our range of Visa, Mastercard and eftpos gift cards here.
