Whether they are being used to motivate a particular behavior, encourage engagement or foster loyalty, incentives are becoming more popular than ever. InteliSpend, a prepaid solutions provider, released a handy little guide for breaking down incentives at the most basic level. Important takeaways include:
- More than half of American companies use incentives today
- U.S. organizations spend over $100 billion annually on incentives (yes that’s billion, with a B)
- Incentives (other than cash) are a $46 billion industry. That has doubled in the last decade.
If you’re new to incentives and have just started to think about ways to incorporate them into your company or you are just looking to refresh the way you use them, take a look at how InteliSpend breaks down the incentive vocabulary here.
Incentive Pros: GiftCard Partners provides the best price on bulk purchases of gift cards from a variety of merchants from CVS/pharmacy, Whole Foods Market, The Cheesecake Factory and more. Learn more by visiting us at www.giftcardpartners.com or call us +1.800.413.9101 today!