Your 2021 Business Strategy and Incentives

BY Lucy Fang
Jan 01, 2021
Your 2021 Business Strategy and Incentives_ what can you expect and how can you prepare

2020 has been an unpredictable year, and 2021 has a lot of hopes and dreams pinned on it. For businesses trying to put together their strategies for 2021, it may feel like a challenge figuring out what to expect and how to plan. Fortunately, when it comes to incentives, 2021 has some clear best practices that can be followed for a successful 2021. When considering your incentives mix, consider the following:

Will Experiential Rewards Make a Comeback in 2021?

Prior to the 2020 pandemic, people were choosing experiences over merchandise more often than not. When a company offers experiential rewards, the participant who redeemed the experiential reward will treasure the memories from their reward, and it will create a stronger bond between the participant and your company. They’ll want to earn more rewards and will work harder to get them. With the vaccines being sent out, it may be that experiential rewards will make a comeback in the 2nd half of 2021

Work From Home Incentives

The number of people working from home has increased significantly in the last year, for obvious reasons, and many companies may continue to allow their employees to work from home in 2021. Employers have struggled this year to find new ways to engage their remote workforce. Incentive programs can help employers address many of the concerns they have regarding their work-from-home employees.

Digital Rewards Are Winners

Whether for channel sales incentive plans, customer incentive programs, market research incentives, employee rewards, or anything else. Digital rewards are a trend that keeps going and has only increased in 2020. Digital rewards can include electronic gift card incentives from top-rated brands (Landry’s, Walmart, Target, Sephora, Amazon, Starbucks, Best Buy, etc.), virtual visa prepaid cards, audiobooks, or video service subscriptions or credits (Fandango, audible, scribd, spotify, etc.) and so much more. Digital rewards can be used instantly and provide instant gratification for your participants, which is why they are encouraged by prize incentive suppliers. No one wants to wait for weeks to get their reward. We want things when we earn them.

Gift Card Rewards

Gift cards are excellent non-cash rewards and have all of the benefits typically associated with non-cash incentives. In 2021, you’ll see most rewards programs will offer some type of incentive gift cards or visa prepaid card rewards in their reward offerings selection with the help of a gift card rewards & visa prepaid card provider.

When comparing companies offering incentives rewards program solutions, All Digital Rewards stands out with fantastic support, world-class incentive management software, and motivating solutions for every organizations’ incentive program needs. ADR is your one-stop-shop for your incentive program needs in 2021. We understand the importance of providing a custom-tailored incentive solution that will perfectly fit your business’s needs. Our proprietary SaaS with STACK™ Reward Program Management Software provides clients with a turnkey reward management software solution and our incentive program experts can help you plan, implement, and execute an outstanding incentive program.

All Digital Rewards is committed to providing you with a dynamic and engaging program that will meet your company’s goals. For more information on how All Digital Reward can help you with your 2021 incentive program call 866-415-7703 now or click on the button below to schedule a demo.