Posts Tagged ‘Gift Card Trends’

Spot Rewards – Old School vs. New School

Monday, February 18th, 2013

Written by Forrest Richardson, GCP's Safety Incentives GURU

Fall of 2011 OSHA regulations begin penalizing incentives or disincentives that use lagging indicators.  Since most programs had two main components:  1) spot rewards, and 2) rewards for no injuries; the one item left standing is spot rewards which often wasn’t compelling enough at the time to warrant the initiatives.  Spot rewards in the classic example–where safety manager walks up to employee and hands gift card for wearing of safety glasses–will always present an occasional and valuable opportunity for amplifying the message in a safety culture; but the range of strategies and influential program designs can go much further.

Instead of having safety management handing out gift cards on the floor or daily, save rewards for your safety meeting to employ a strategy of praise in public, coach in private.  While maintaining record of which employees have received a workstation inspection recently and systematically observing production throughout staff evenly, have an objective approach by not mixing incentives during that time.  But take good notes for the safety committee to review for recognition at next week’s meeting.  Old-school way might have been a practice that lends itself to “here comes the safety sheriff”.  New school ways reinforce safe behaviors by giving recognition publicly at safety meetings so the workforce individuals each know what gift card their peers received and what behaviors they were observed doing correctly and when, and then got surprised with reward and recognition at the meeting.

The author:

Lauren McAuley is on the marketing team at GiftCard Partners. She is a recent graduate who enjoys diving head first into several aspects of the business including social media, graphic design, marketing, business development and public relations. Her passion for challenging herself keeps her trying new things every chance she gets, vegetable lasagna this week, maybe skydiving next week?

How to Bring Wellness to Your Workplace

Wednesday, August 22nd, 2012

Loking to learn how to bring wellness to your workplace, looking for the latest corporate health trends, or how to motivate and reward your employees? Check our this month’s Incentive and Wellness eNewsletter for the latest tips, trends, and research for how to make your workplace more efficient and productive.

The incentive and wellness landscape is ever changing. Click here to register for our eNews, you can unsubscribe at any time.

The author:

Stacey Sicurella is a 15 year marketing veteran, working in the Boston area for GiftCard Partners. Recent accomplishments include blogging with abandon, acquiring work-life balance and building amazing sand-castles with her children.

GCP’s Q1 2012 Gift Card Industry Trend Report is Here!

Monday, April 23rd, 2012

The first quarter of 2012 included GCP’s visits to and participation in many meetings, conferences and events, including the PrePaid Expo, the InComm Partner Alliance, the South Florida Success Expo (SWFL), and the Loyalty Expo. In Q1’s trend report, we captured a pulse on 2011 B2B gift card sales results, key gift card market expansion trends for 2012, and an update on the effects of New Jersey’s gift card laws to our industry.

Read the full B2B Gift Card Trend Report here.

 

 

 

The author:

Stacey Sicurella is a 15 year marketing veteran, working in the Boston area for GiftCard Partners. Recent accomplishments include blogging with abandon, acquiring work-life balance and building amazing sand-castles with her children.

eGift Cards: On the Rise, But How are They Perceived by B2B Buyers?

Wednesday, November 2nd, 2011

eGift and mobile gift cards are a popular topic as excitement grows around digital technologies. CreditCards.com reports that one half of the major gift card brands that offer eGift cards only started offering them this year. Retailers and merchants are ramping up to take advantage of growing mobile and tablet buying segments, as they are quickly becoming some of the most valuable online shoppers.

Interestingly, when GCP recently surveyed B2B gift card buyers; we found that the B2B market still prefers to purchase physical plastic cards over

do you prefer egift cards or plastic

GCP's Survey Finds Plastic Most Favorable

digital. 86.5% of B2B gift card buyers surveyed are still more comfortable with traditional plastic. We know that trophy value plays a part in the B2B buyers’ strategy, but perhaps eGift cards are still somewhat too mystical for buyers.

CreditCards.com breaks it down simply and clearly with 3 Digital Gift Card Varieties

  • Email gifting is the most widespread, accounting for about 95% of the digital gifting market, recipients receiving the gift card in their
  • Mobile gifting lets consumers use a smartphone app to send a gift card or have a gift card sent to a mobile
  • Social gifting lets consumers send gift cards via social media sites. For example, Amazon.com lets customers send friends gift cards by posting the cards on their Facebook walls. CashStar’s CEO David Stone states that “Social gifting is growing at a rate of about 400 percent”

Are you ready to buy digital or are you still a fan of plastic? Why or Why NOT? Click here for the full CreditCards.com E-gift cards take center stage story

Source: CreditCards.com

The author:

Stacey Sicurella is a 15 year marketing veteran, working in the Boston area for GiftCard Partners. Recent accomplishments include blogging with abandon, acquiring work-life balance and building amazing sand-castles with her children.

Incentive’s Latest Gift Card IQ Survey Results Published

Friday, August 26th, 2011

What’s the high level? The 2011 Gift Card IQ Survey reveals good news for retailers when it comes to “bigger” incentive gift card budgets. The five largest budget categories (all above $75,000) all increased.

For example:
-    Budgets “more than $100,000 nearly doubled to 15 percent this year, compared with 7.8 percent in 2010.”

Incentive Magazine Online

Always Keeping us Apprised of Gift Card Trends

-    “The most dramatic gain was in programs with budgets between $250,000 and $499,999, which jumped from 0.4 percent to 3.9 percent—nearly 10 times the number seen in 2010.”

This is also good news for customers (incentive/gift card buyers), as maintaining or increasing budgets mean job security for incentive program managers and staff.

It appears that the downside comes for low-budget gift card programs (less than $1,000 segment and even less than $25,000 segment), as this segment dropped more than 10% from 2010 survey results.

Many interesting data points, charts, and research in this report; read the full report here:  Turning It Around: Our 2011 Gift Card IQ Survey

Source: Incentive Magazine Online

The author:

Stacey Sicurella is a 15 year marketing veteran, working in the Boston area for GiftCard Partners. Recent accomplishments include blogging with abandon, acquiring work-life balance and building amazing sand-castles with her children.

Trend Watch: Strong consumer choices = strong rewards and incentive choice

Monday, June 27th, 2011

It’s always good news to hear that the reward you are presenting to your employees or loyalty program participants is still the strong choice. A new study released by First Data called “Consumer Insights Gift Card Survey Results”, announced that “prepaid gift cards are still a popular choice for gifts in the United States”. This is good news for those purchasing gift cards in bulk as you know you are making a good choice.

Other indications that gift cards remain a strong trend in the B2B market is the study’s conclusion that more consumers are reloading their gift cards. This means that consumers (your employees and rewards participants) are loyal to their cards, be-it a physical plastic card, eCert (virtual gift card) or mCert (mobile gift card).

It’s also nice to know that by participating in the B2B gift card market, we are infusing the economy with additional shopping dollars. Consumers are inclined to stand by the gift card and reload it, which increases sales opportunities for retailers. The First Data study also announced that “35% of those who reloaded closed-loop gift cards said they visited the store more often, and 20% said they spent more money during each visit”.

All good news for our economy, but re-loadable and technology based gift cards are also great for our environment. Check out our Are Gift Cards Going Green? Blog.
The full study is available at First Data’s website.

The author:

Stacey Sicurella is a 15 year marketing veteran, working in the Boston area for GiftCard Partners. Recent accomplishments include blogging with abandon, acquiring work-life balance and building amazing sand-castles with her children.