Health and wellness incentive programs are an important part of many companies’ wellness strategies. An incentive program is highly indicative of your workplace health and wellness program’s success. A good health and wellness program can decrease healthcare costs, improve employee morale, and bring a strong return on investment. Despite the many benefits of a health and wellness incentive program, when planning an incentive program, many organizations are concerned about the administrative burden of overseeing the many parts of a successful health and wellness incentive program. Incentive programs require so much more than just reward fulfillment. A health incentive program will need to be managed, goal completion has to be tracked, a redemption system has to be in place, health laws must be complied with, and data has to be examined to check the effectiveness of the program. This can leave companies wondering how to handle health and wellness incentive programs and deal with rewards management. The good news is, incentive management system technology is available to help make your health and wellness incentive programs perform effectively. Deploying new incentive reward technology can increase program effectiveness and take the stress out of program management. With the right health and wellness incentive […]
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Why You Need Virtual Incentives For Your Rewards Program
Virtual rewards are a fantastic, bordering on necessary, incentive for any rewards program. Why do virtual visa prepaid cards, digital gift card rewards, e-code redemptions, and other virtual rewards continue to dominate incentive rewards programs? Because whether they’re used for sales incentives, customer incentives, health and wellness, market research programs, or something else altogether, they meet a vital participant need: immediacy. Benefits of Virtual Incentives: Participants in your consumer incentives programs, channel partner incentive programs, or sales incentive plans all have one thing in common. None of them want to wait to be rewarded. With merchandise, bulk visa prepaid cards, or checks, your incentive program participants will have to wait, sometimes for weeks, from the time they redeem their reward to the time they receive it. Virtual gift card incentives and visa virtual cards don’t have that problem. When considering market research, consumer, or sales incentive program ideas, think about your demographics. Are virtual incentives a good fit for them? If so, look at your options. To properly offer virtual incentives for your points-based loyalty programs, sale incentive programs, customer incentive programs, or others, you will need a few things, to include the right reward options, a good reward management […]
Use Gift Cards For Channel Sales Success
How effective are gift cards in improving channel sales incentive programs participation? Gift card incentives are staples of incentive marketplaces and are highly recommended by channel partner incentive vendors. The Incentive Research Foundation’s quarterly academic review from fall 2019 reviewed the effectiveness of gift cards in incentive programs and found that Gift cards are one of the best non-cash incentive rewards offerings to use when creating an incentive program. The IRF quarterly academic review found that people tend to mentally think of gift cards as a windfall, rather than money that has to be spent on responsibilities like bills, or groceries. This makes them an incredibly appealing option for incentive program participants as they will use them to get a treat for themselves. Gift cards have all of the benefits usually associated with cash incentives. High-quality sales incentive plans will prioritize offering incentive gift cards or prepaid cards, such as a VISA virtual card, in their sales incentive offerings selection. Good channel partner incentive suppliers will offer and potentially recommend gift cards along with bulk visa prepaid cards and other cash-based incentives. Gift card incentives can encourage better workplace outcomes and positive behaviors among participants. When looking at sales incentive […]
What to Look For When Comparing Market Research Incentive Program Technology Providers
Market research incentive programs are nothing new. An incentive program is highly indicative of your market research program’s success. A good market research program can decrease costs, improve relationships with panelists, and bring a strong return on investment. Despite the clear benefits of a market research incentive program, when creating an incentive program, many companies worry about the administrative burden of overseeing the various elements of a successful market research incentive program. Incentive programs require so much more than just reward fulfillment. An incentive program will need to be managed, goal completion has to be tracked, a redemption system has to be in place, and data has to be examined to check the effectiveness of the program. This can leave companies wondering how to handle market research incentive programs and deal with panel loyalty rewards management. Fortunately, incentive management system technology is available to help make your research incentive programs perform effectively. Deploying new incentive reward technology can increase responses and take the stress out of program management. With the right market research incentive program management technology, you will be well on your way to embracing all the sweet benefits of a research incentive program, without adding any extra stress. […]
Choose The Dine and Go™ Prepaid Card For Your Incentive Program
Choosing the right rewards for your incentive programs are one of the most important steps in creating an incentive program. With a strong knowledge of behavioral economics and understanding matching up relevant incentives to drive behavior, we can identify and define demographics and choose the right rewards and incentives. Whether it’s a program focusing on health and wellness program, customer acquisition programs, channel sales incentive plans, rebates, employee recognition, or customer loyalty, it has been shown consistently that cash-equivalents are a favorite among incentive programparticipants. Our research has shown that Millennials (Generation Y) and New Silent (Generation Z) participants are looking for dining and entertainment reward card incentives that will support the local establishment in the communities they live in. All Digital Rewards created the Dine and Go™ Visa® Reward Card to do just that. Participants can now use this custom card incentive program at their local restaurants, bars and entertainment. Gone are the days of having to issue big box restaurant gift cards. Reward cards are wonderful brand awareness and customer acquisition tools and known revenue generators. These cards are popular because of their ease of use, perceived value, and universal acceptance. Additionally, incentive programs that use prepaid cards […]
A Corporate Health and Wellness Program’s Secret Weapon: Incentives
Creating a company health and wellness program is a fantastic way to raise work performance, company morale, and lower healthcare costs. When a health and wellness plan is strategically organized and implemented, it can increase your sales, reduce employee absences, and lower workers’ comp/disability costs. An effective health and wellness program requires high levels of employee participation. The secret to increasing health and wellness program participation is to include incentives. Not just any incentives. You need the right incentives for your demographics at the right price point. Health and wellness program incentives rewards suppliers can provide batch and bulk visa prepaid cards, merchandise, experiential rewards, eGift cards, and other digital incentives. Digital reward vendors, like All Digital Rewards, have the rewards incentives programs need and will be able to select rewards that will fit your budget and demographic needs. You also need to have support software to manage your program. The right health and wellness technology can make managing your program easy. Without it, it can be a nightmare sorting everything out. If you’re looking for reward management software, All Digital Rewards provides reward management applications and software that can fit any incentive program. Additionally, there are a number of […]
Benefits of VISA Prepaid Cards Rewards
Rewards and incentives programs have proven to be invaluable to companies and organizations around the globe. In the case of customer incentives programs, they can increase consumer visits, spending, and advocacy. With employees, reward incentive programs can encourage employee engagement, increase productivity and improve morale. These are just a few of the many types of rewards and incentive programs that are available. When choosing your rewards for your organization’s incentive program, Visa® Prepaid Card Rewards are a popular reward choice for many different rewards and incentive programs. There are a variety of different benefits to Visa® Prepaid cards that can make them an attractive option, both for companies and consumers. All Digital Rewards has partnered with Visa® to create a comprehensive, customizable, quality prepaid card offering, along with a reward management system capable of meeting your company’s needs. Visa® prepaid cards can be used as rewards for several different programs such as a sale incentive program, customer incentives, and health and wellness rewards programs, to name a few. Participants can use the Visa® Prepaid Card Rewards for point-of-sale or online purchases. Rewards can be loaded onto these cards as they are earned or given to program participants, allowing your […]
