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Author: SMM Research from the Incentive Gift Card Council (IGCC) and the Incentive Research Foundation (IRF) shows the majority of U.S. they can be used for both short-term and long-term incentive efforts?—?adds A lot of channel programs use a reloadable prepaid card as their incentive mechanism. businesses?—?fully
Some employers make new hire gifts of SWAG like corporate apparel or a coffee mug. The real incentive to use the PTO benefit is to see the boss taking time off. Employees appreciate this gesture, but there are other benefits theyre more interested in. Are Some Benefits Too Good to be True? Is There Really a Work-Life Balance?
For example, driven by the pandemic and shift to remote working, Bigtincan Learning was recently rolled out globally at a leading shoe and apparel company to connect with their employees in new ways. The strategy was to put “learning in the path of work” so that team members did not have to stop what they were working on for training.
The apparel retail sector, for example, suffered employee attrition rates of almost 20%, along with fast-food and specialty retail (11%), casual restaurants (10%), and general and grocery retail (9%). However, while every major economic sector saw employees leave, some industries were hit significantly harder than others.
You might even consider giving existing customers incentives for referrals to drive sales. For example, if you’re selling outdoor gear and apparel, you might identify that hikers care about safety when going on trails. Knowing where your existing customers came from will also help inform future customer acquisition efforts.
Brands are recognizing the inherent value of customer feedback and offering incentives accordingly. This example, from intimate apparel retailer Knix, offers customers $15 off their next purchase in exchange for completing a feedback survey. . Once again, cash incentives can be king. Implement a re-engagement campaign .
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