Motivate employees with the right rewards strategy
When an employee goes above and beyond, encourage them to keep up the hard work with a performance reward. And because reward and recognition programs frequently offer t-shirts, plaques and trophies that people don’t really want, it’s time to add highly desirable Visa® or Mastercard® Prepaid Cards and merchant gift cards to the mix.
Be sure to reward individual achievements
It’s great to be part of a winning team. That’s why many companies reward cross-functional teams that complete complex projects. But for most employees, individual goals and accomplishments are day-to-day priorities. In fact, our research revealed that the most desirable employee reward is an annual $150 award for achieving an individual goal.2
To gain insights into the emotions that employee rewards and recognition can evoke, we asked people who are currently eligible for these programs how they feel about them. Here are the top three responses:
- 3 out of 4 respondents said, “The reward program makes me feel valued”
- 3 out of 4 respondents said, “The reward program makes me feel like the company cares about me”
- 3 out of 4 respondents said, “Financial rewards are just as important as public recognition”1
It’s obvious that employee incentives can drive positive feelings and reinforce desirable behaviors. If you are starting or refreshing a rewards and recognition program at your workplace, let us help you offer the right rewards.
Our intuitive reward ordering platform
Our Hawk MarketplaceTM platform offers a suite of APIs, self-service or full-service for easier ordering and reward management. With user profile–based access to all the rewards that we offer—including physical and digital options—you can choose how to reward employees for a job well done.
39%
of employees surveyed feel underappreciated at work
77%
of employees report they would work harder if they felt better recognized
44%
increase in employee performance can be attributed to an incentive program1
People prefer prepaid cards
In today’s competitive hiring environment, attracting and retaining top talent is more important than ever. That’s why you need to have a rewards and recognition program that’s best-in-class, offering incentives that appeal to all the different people in your organization. Our research2 has shown that the most desirable and motivating rewards are Visa® or Mastercard® Reward Cards. Here are just a few of the benefits these incentives offer:
- Create a branded Visa or Mastercard Reward Card with your logo, and your top performers will be reminded that they received this reward from you
- Add your employees’ names to the cards for an extra personal touch
- Include a brief message (e.g., WELL DONE) on the card as a reminder of how the reward was earned
- Give your employees spending flexibility since these cards can be used everywhere the applicable network’s debit cards are accepted
Incentive reward products
Explore the variety of rewards that we offer for incentive programs. They include physical, digital and mobile wallet–enabled options to appeal to all everyone you’re trying to motivate.
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Integrated services
Our client success teams coordinate a multi-disciplinary team to support every aspect of your gift card sales, from on-boarding and technical operations to financial services and robust reporting.