A simple ‘thank you’ or ‘good job’ is the best form of appreciation. Verbal and written forms of recognition are always important methods to effectively engage with employees.
And with the holidays are right around the corner, and this is the perfect time to consider incentive and appreciation gifts for your employees! Premium merchandise and other incentives such as branded apparel offer a cost effective form that yield appreciation and loyalty. According to the Incentive Research Foundation (IRF), 75% of US businesses use non-cash incentives to engage employees. Incentives generate not only positive returns for an organization but also increase morale, engagement and loyalty, as well as brand recognition.
And if your company specializes in a particular industry, consider creating an appreciation gift that pairs well with your company’s products or services! Brand immersion creates more loyalty and recognition than branding items not related to your industry.
Consider a specialty cheese tray with your logo on it for Wine Club Members
During challenging periods, such as 2020, employees need to feel appreciated more than ever. Incentive and appreciation programs can address this subject. Unlike cash incentives, branded merchandise not only creates a lasting emotional impression among recipients but it also builds brand recognition through positive engagement. What organization doesn’t want to generate that sort of goodwill?
Tangible rewards can be given at random, but should be tied to specific behaviors or accomplishments. According to the Society of Human Resource Management, employee turnover costs as much as 6 to 9 months’ salary in recruiting and training expenses. IRF found that the average incentive reward value was $160 with logoed brand-name merchandise and electronics being the common items.
Consider some of these great products as excellent and simple appreciation gifts!
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