Employee Reward and Recognition Programs: The Significance of Incentive Prepaid Cards
Gain a better understanding of different types of prepaid cards and how each type can be used in employee programs for the best incentive and reward experience.
An array of options exist for awards to be used in employee reward and recognition programs. The Incentive Gift Card Council study reports that the use of merchant gift cards as rewards and incentives is increasing greater than other rewards. In their report, mid-size companies are spending $450K per year on gift cards and large companies are spending more than $1M per year. Gift cards, also known as prepaid cards, are not all the same. This information is critical for companies with employee recognition and incentive programs to learn the types of gift card rewards and the best ways to purchase them to save your company money and bring greater value to your employees.
- You will be able to define the different types of prepaid cards.
- You will be able to identify best sources for employee reward and recognition prepaid card and program support.
- You will be able to discuss why gift cards are a preferred and effective award choice for recipients and for your organization
- You will be able to explain where each type of prepaid card can be used in employee programs for the best incentive and reward experience.