Maximizing ROI and Minimizing Risk Across Rewards Programs
Many companies today rely on rewards programs to retain and motivate employees and sales partners. The majority of employees and sales partners today believe they would like to receive incentives in the form of cash or cash cards. But companies should neither take this pressure at face value nor make the decision to shift to cash lightly.
Companies must carefully consider the impact of the rewards they choose and the risks associated with those choices. Research seems to suggest that employees’ desire for choice is short-sighted – and the resulting benefi t to rewards programs is short term. Forward-thinking companies should see around this corner and seek a solution that satisfi es the employee-driven need for choice while retaining the many positive attributes of more tangible rewards.
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