Nothing makes an employee happier than knowing their boss genuinely cares about them.
Random acts of kindness are known to boost productivity and reduce turnover rates. One of the simplest ways to show kindness to your staff is through an employee gift card.
Here are 5 reasons giving gift cards to your staff is a great idea:
1. Gift Cards Last Very Long
Offering them a gift card is an excellent way to show them your appreciation goes beyond the work environment. Especially if it’s a gift card that has versatile use.
2. Gift Cards Are Easy To Access
Many employers get stuck in their heads over what to offer their employees. It is genuinely challenging to find a gift for your employees that is both meaningful and of great value.
Gift cards help simplify the process of gifting your employees, taking the burden of finding a thoughtful gift off you. Rather than purchasing a souvenir, they might never use or fully appreciate, a simple Amazon or STEAM gift card can suffice.
3. Gift Cards Are A Versatile Alternative To Cash
With a gift card, your employees can access a wide range of options. This gives them several choices rather than being stuck with one singular item that looks exactly like what the other person got. The versatility of a gift card helps personalize the gift, giving it a unique meaning to each employee. And if they do not like it, they can quickly sell their gift card.
4. Employee Retention Is Improved
As we shared earlier, kindness to one’s employees goes a long way toward improving employee retention. Employee retention saves one the time and effort it takes to hire and train a new employee. Many companies have significantly benefited by improving their employee retention through gift cards. Gift cards will also help reduce turnover by providing a tangible incentive for employees to stay with your company.
5. Every Achievement Or Milestone Deserves A Celebration
Suppose you need a reason to splurge on your employees. In that case, you can decide to reward those who achieve specific metrics and or surpass certain milestones with a gift card.
Gift cards are an excellent way to incentivize performance and give your employees extra motivation to put in even more work.
Employees love knowing there are rewards available when they achieve milestones. Offering them gift cards as incentives are one way to keep them motivated.
Money doesn’t have to be the motivating factor for getting people to work.
Simple gestures like gift cards can go a long way to ensuring employers inspire their staff.
The best part is this…
Suppose your employees choose not to use the specified gift cards to purchase items. In that case, they can always sell them on Cardtonic at a very reasonable rate.
This adds a double value to the gift card because, either way, they are a cash repository that can be traded at any time.