July 31, 2019
D. Blackman
The good news for the incentive industry is that more and more companies are investing in programs to keep their employees motivated and happy.
The attached article provides an in depth review of the various methods of offering non-cash rewards and their respective trend forecasts.
Highlights are:
Incentive travel continues to be neutral due to with net optimism at 3% due to multiple factors including cost, safety, & event disruption although expanding budgets offer a positive outlook for the year.
Gift cards and merchandise incentives are continuing to experience growth with net optimism at 43%. Brand name merchandise, electronics, and clothing/apparel are the most popular but offering a wide selection is the best way to excite the program audience.
Artificial Intelligence is helping reward program designers learn how to structure their programs to best address the needs of their employees.
Transformational travel is on the rise.
Flexibility in your program is key to addressing the needs of the diverse workforce.
Enjoy!