Tapping emotional engagement through a strategic choice of rewards and incentives is a powerful way for businesses to motivate their stakeholders.

 

7. TECHNOLOGY CHANGES

Almost 90% of large businesses report having technology in place to support their incentives and reward programs. Technology trends include a drive toward social, wearable, predictive, and view-altering technologies.

 

8. THE EVOLVING DESIGN OF REWARD AND RECOGNITION PROGRAMS

The Incentive Federation measures over 12 different reasons organizations are running employee reward and recognition programs and nine different objectives for sales programs.

 

9. INDUSTRY CONSOLIDATION

The incentives and rewards industry continues to consolidate, not only on the supplier side but also among incentive houses and meeting service providers.

 

10. GLOBALIZATION

Once thought of as only affecting the incentive travel side of the market, globalization now influences all types of reward and recognition programs - merchandise and gift cards included.

 

Did you know we can also help you to design an incentive, reward or recognition program for your clients? Call us to discuss!