The holidays are upon us! While this is an exciting time for businesses and employees, it is also a time where keeping your team motivated can be challenging. With the stress of holiday shopping, events, end of year goals, and more, it can be challenging to keep productivity and morale up. That is where a holiday incentive program comes in.
There is no better way to show how much you appreciate your loyal employees than with a holiday incentive. 91% of employees who received a holiday reward say they liked getting it, and 83% state that they would feel more appreciated, work harder, feel motivated, and have more loyalty towards the company if they received a holiday incentive. 39% of employees feel underappreciated at work, with 77% stating that they would work harder if they felt better recognized.
One of the best things about a holiday incentive program is that two-thirds employees don't expect to receive a holiday bonus or reward. The benefit of giving your employees an unexpected gift this holiday season can significantly improve your business in the long run and outweigh the small investment they might cost.
Companies that use an incentive program reported a 79% success rate in achieving their established goals when offering a reward. Also, annual revenue increases are three times higher in companies that use a sales incentive over those that don't use one. Those numbers alone should get you on board with a holiday incentive program.
There are many ways in which you can reward during the holidays. Here are some of the most popular:
- Single-Use Gift Cards
- Reloadable Gift Cards
- Achievement Rewards
- Bonus Programs
- Company Party
- Free Lunches or Dinners
Gift cards are the most preferred reward among employees. Open Loop cards are the ideal gift in the gift card category and are the most-wanted holiday gift. Open Loop cards are simple, secure, and redeemable anywhere the issuing bank is accepted. For example, RPG Card Services offers open-loop products from American Express®, Mastercard®, and Visa®. Redeemable anywhere those brands are accepted, in person, or online. For more information on our Open Loop products, click here!
A reloadable gift card also makes a great gift. Unlike traditional gift cards, this gift can have additional funds loaded anytime you want to reward employees. RPG is the preferred provider of the Shell Gift Card. We offer a Reloadable Shell Gift Card, which is a great way to keep your employees motivated during the holidays, and all year round! For more information on our Shell Gift Cards, click here!
In addition to gift cards, you can show you appreciate your employees by offering life-time achievement awards, employee of the year awards, bonus programs, or loyalty programs. You can also keep your team motivated by having a company outing, party, or offering free lunches or dinners. By just taking a few easy steps, you can make a big difference in your employees' productivity and morale during the holiday season and into the new year!
SOURCES: Radical Positivity | Building People To Build People. http://www.itsradicalpositivity.com/; Holiday Season Incentives For Employees - Blog from ASAP .... http://blog.asapawards.com/holiday-season-incentives-employees/