Merchandise awards offer a greater motivational impact for the investment dollar than cash incentives. Cash awards are perceived as compensation and become expected as income. Cash quickly disappears into the family budget making the reward aspect easily to forget. Merchandise incentives are perceived as an opportunity to earn something that might normally be considered unattainable or an unjustified expense. They are viewed as a true reward for a special achievement and serve as a long-lasting reminder of an outstanding performance.
Source: The Gallup Organization, U.S. Bureau of Labor Statistics, Hudson Institute, Walker Information, and The Economist
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Companies that recognize people's achievements have more engaged workers with lower turnover, higher customer loyalty, and are more profitable.
Reward new ideas while ensuring the long-term success by meeting the changing needs of the marketplace.
Reward healthy lifestyles, reducing health care costs and absenteeism while improving employee productivity.
Being recognized for contributing to a company's success motivates employees to exceed job expectations.
Peer recognition quickly reinforces positive behaviors and increases the appreciation value of the recognition.
Contests motivate individuals to achieve goals in a fun environment and act as a team-building opportunity.
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