Incentive Options
Incentive Options
Gift cards that are redeemable for merchandise and goods provide recipients the freedom to chose the holiday incentive that they want.
Providing your employees, customers and partners a choice of incentives has many benefits:
Holiday incentive / gift preferences survey (9/24)
Gift cards show appreciation and empower employees to use their incentives in a way that’s meaningful to them.
Incentive automation in the TruCentive Incentives fulfillment and reward delivery platform provides the tools to deliver rewards and incentives in ways that delight your recipients.
Curate a group of cards and gift selections and offer your recipients a choice of gift selections. “Recipients Choice” lets your recipient choose which gift works best for them.
Offer a selection from thousands of gift card options.
Mix merchant gift cards, funds delivery, and pre-paid cards to give recipients the ultimate choice.
Select a theme of high-tech and offer specific choices such as Apple or merchandise from BestBuy.
You can select certain themes such as food, with Coffee, Pizza, and home delivery via Doordash, GrubHub or Uber Eats.
Design features include advanced editing capabilities to create stunning experiences, and the flexibility to personalized messages along with gift cards gives you full control over your incentive, message, and delivery.
Build beautiful emails and SMS message that create a memorable impression. You get total control over the design of each campaign. Use the pre-designed templates or build your own from scratch and you can be ready to start your gift card delivery in minutes.
Holiday incentive / gift preferences survey (9/24)
Recognizing and rewarding your employees with holiday incentive Gift Card choices offers many advantages, and helps to build a positive organizational culture.
Gift cards are easy to administer and maintain. They are especially easy to distribute compared to other types of holiday gifts, particularly during the busy holiday season.
Incentive automation makes the whole process simple.
Digital gift cards can be sent instantly to large teams of people, on site and those that are remote.
Logistical hassles are eliminated. Shipping and packaging, as well as returns are eliminated.
Gift cards provide employees with the freedom to choose the gift or memento that really matters to them. Whether it’s a specific retailer, or a general-purpose card employees appreciate having the independence to choose how to redeem the gift.
Bad gift blowback, the problem with one-size-fits-all gifts, is avoided.
Employees overwhelmingly prefer gift cards because of the flexibility they provide.
Organizations can easily control the amount of spending by pre-selecting gift card amounts.
Gift card value can be selected and tied to the performance level of employees. Consistency and budget adherence are ensured.
Employees may be reminded to redeem unclaimed gifts to ensure that no employees miss the opportunity.
100% of the value of unclaimed merchandise is automatically returned to the sender’s account based on their selected expiration timeframe along with excess merchandise funds.
Research shows that employees often perceive gift cards as a high-value reward because of their potential to fulfill personal wants, rather than a one-size-fits-all item they may not need or want.
This higher perceived value boosts employee satisfaction and engagement.
The Incentive Marketing Association found that the perceived value of gift cards makes them a popular choice for reward programs.
Incentives, like gift cards, let the company participate in the season’s spirit of giving, and allow for recognition of the hard work and success of employees.
When incentives are presented with appropriate personalization and during festive times such as the winter holidays, the recipient experience becomes even more memorable.
Employee choice lets employees pick what they find to be most appealing and appropriate and helps ensure that gifts are remembered.
Of course tax issues should be left up to your finance folks, but gift cards for merchandise may typically be managed more easily than cash bonuses.
Gift cards that allows an employee to receive a specific item of personal property that is minimal in value, provided infrequently, and is administratively impractical to account for, may be excludable as a de minimis benefit, depending on facts and circumstances.
Always consult with your finance folks for their advice. IRS
What about just holding a traditional holiday party or celebration for employees?
Probably not the best idea. (Rethinking the Holiday Party)
It’s becoming increasingly evident that not all employees feel the same way about traditional ways of celebrating the holidays.
Companies used to have holiday parties and hand out branded coffee mugs or frozen turkeys or other such one-size-fits-all gifts.
Holiday parties are just not as popular with employees as they once seemed.
The traditional holiday party celebration may just not be effective anymore.
And your employees may not even want the celebrations.
Life sems to be more fast-paced. Having to give up increasingly rare personal time is a burden. Employees may already be caught between the the demands of commuting, work, family, and the demands of a personal life.
Spending time, particularly extra time, at a work event may not be the best use of your employee’s time.
Holiday incentive / gift preferences survey (9/24)
Gift cards are a holiday incentive favorite because they offer employees the ultimate freedom of choice, giving employees and recipients control over how they want to use their reward. Choice and flexibility lead to happier recipients, avoiding the frustration that comes with one-size-fits-all gifts like company-branded mugs or holiday baskets that often go unused. According to a TruCentive survey, 73% of employers prefer gift cards as a holiday incentive, with merchandise trailing far behind at 19%.
Convenience is one of the key benefits of gift cards. For employers, they’re easy to design, administer and distribute. With just a few clicks, you can send out personalized gift cards to teams across various locations. There is no longer the need to deal with shipping, packaging, or returns. Incentive Automation tools like TruCentive make it easy to create a memorable and engaging experience for employees with customization of emails and SMS messages.
Gift cards also help boost employee morale by giving them something they actually want, ensuring that your holiday incentives are well-received and remembered. Personalized messages and themed options (like tech or food) add to the appeal, making the gift feel more meaningful.
Gift cards are cost-efficient. Employers can set fixed spending limits, and if a gift card goes unclaimed, the value is returned to the organization, making sure every dollar counts.
Gift cards are a leading choice for rewarding employee achievements with holiday incentives while keeping things festive during the holiday season. Gift cards are a perfect holiday incentive solution for both employers and employees.
The merchants represented are not sponsors of the rewards or are otherwise affiliated with TruCentive. The logos and other identifying marks attached are trademarks of and owned by each represented company and/or its affiliates. Please visit each company’s website for additional terms and conditions. TruCentive© 2024
