Letting employees know you appreciate them is more than a morale booster — it can be a powerful tool to boost employee retention and productivity. For employee rewards like gift card incentives to be effective, however, there are a few things to keep in mind.
Research from Gallup and Workhuman reports that for employee recognition to hit the mark, it must be:
Most companies leave it up to human resources to hand out gift card incentives. But for employees, getting recognized directly by their immediate manager is far more impactful.
If your department has never given employee rewards before, here are some tips for creative ways to use gift card incentives to recognize team members.
It’s easier than ever to empower managers across the company to reward their team members, thanks to our new Microsoft Teams integration! Learn more now!
You may be thinking that commissions are enough to incentivize your sales team. But consider this stat from the Journal of Marketing Research: Activity-based incentives, such as those based on number of calls made or demos given, boost sales by 6% to 9% over offering incentives based only on sales results.
Consider recognizing your sales team with gift card incentives for:
Your customer service department plays a vital role in your organization. Not only do they help your business retain customers, they help you find cross-sell opportunities and even assist with closing sales deals.
Show your appreciation by giving gift card incentives to:
Customer service is also ideal for a rewards points program, where reps earn points based on whatever activities and goals your company deems appropriate, including:
READ MORE: A Practical Guide to Building a Points Rewards Program
Demand is at an all-time high for product managers and engineers who can create and manage the software and other tools that keep the world running.
In fact, employment of software developers, quality assurance analysts, and testers is projected to grow 22% from 2020 to 2030, much faster than the average for all occupations, according to the U.S. Bureau of Labor Statistics.
Gift card incentives can help you retain your key players. Here are some ideas on when to reward your product team or individual employees:
Often in charge of helping human resources promote employee rewards, the marketing team often doesn’t receive as much recognition as other departments. But where would the sales team be without marketing?
Here are some ideas for offering gift card incentives to your marketing team:
BHN Rewards for Microsoft Teams is a simple rewards platform that lets you engage and recognize employees anywhere, instantly. It’s easy to set up, so you can add rewards directly into a tool your teams already know and use every day. Managers can deliver rewards via instant chat messages ꟷ or they can amplify the rewards’ impact by sending them publicly during live virtual meetings. By empowering every manager to reward their teams regularly, you’ll create a positive culture and increase employee engagement, morale, productivity, and retention.
Contact us today to learn more about our exciting new integration with Microsoft Teams!