You need not wait for the holidays to show your employees that you appreciate them for the work they do. You can begin engaging your employees and motivate them even more with an effective reward system, especially in the areas of compensation, benefits, recognition and appreciation.
Loyalty programs are more than earning points to redeem a special privilege. An effective way to showing your loyal customers their worth and thanking them is setting up a loyalty program that fosters growth not only financially but puts value to doing business with your company.
Money is supposed to be the ultimate motivator. It’s straightforward, convenient, and gives the recipient the freedom to choose how, when and where to spend their hard-earned bonus. On the surface, money is the more straightforward and simpler incentive, however there’s a growing pool of research studies that actually point to the contrary. Let’s examine the statistics.
Fortune 500 companies run rewards programs for customer loyalty. Understanding the reasons why you should adapt a rewards program in your business is as important as finding or creating one that is fit for your business goals. Here are five reasons why you should start a rewards program:
Avail.at is an online rewards platform that takes traditional rewards and digitizes its processes into an automated, customizable rewards programs.
It offers several reasons why you should take your rewards programs online, 6 of which we highlight here.