Personalized rewards are the biggest motivation and engagement tool to recognize your employees contribution because it motivates and engages them by with their own specific wants and desires. That is why it’s so important that your recognition program have a multitude of rewards options to meet the needs of your diverse workforce. For example, some of your employees might want to redeem their recognition points for smaller items right away, while others prefer to save them up for bigger ticket items.
We’ve written extensively on the importance of having a personalized recognition and rewards strategy in place in your organization. Read more about why you should Celebrate Your Employee’s Uniqueness with Personalized Rewards and Recognition.
It’s important to remember, that when it comes to recognition, one size does not fit all!
We saw trends in on our own recognition platform that support this idea that people want to make their own decisions when it comes to how they are rewarded. And what better way to have the freedom of that choice than with a gift card, where they can choose exactly how they will cash in their recognition.
Last year about three-quarters of redemptions made were gift cards. In fact, most of the gift cards redeemed were for either big box stores such as Walmart, Target, Amazon or cash cards. This trend suggests that people want rewards that act like cash, where they can select from a multitude of items – the sky is the limit really!
We also had strong redemptions rates for specific merchandise such as movie tickets, FitBit, Apple and Sony products and other physical items.
GES’s recognition programs focus on providing unlimited reward options for your employees, so they can redeem their points for what they want, when they want it.
Our virtually unlimited reward options include:
Awards| Events| Gift Cards| Lifestyle Products| Music| Travel| Wellness| Charitable Donations
Plus, our rewards are all locally sourced in over 170+ countries across the globe, which means they are culturally relevant and delivered in country, which saves you lots of money in tariffs and taxes so that your employees can get the most value for their recognition points.
If you’re looking to set up a Total Recognition program for your workforce in 2018, get in touch at [email protected] so we can discuss how our personalized solutions can help support your goals and initiatives or book some time for a call in my calendar here.