If you’re a business owner in search of a good way that you can reward your employees for giving their all while on the job, you should give some serious consideration to creating an employee awards program that takes advantage of branded credit cards. You’ll be very happy with the final results.
How Employee Awards Should Work
You already offer your employees a really good salary and benefits which should be all the incentive to keep them working, so it’s natural to find yourself wondering why should you bother with employee awards. The thing you need to understand is that your employees sometimes get bored or tired, employee awards are a great way to encourage them to continue to give 110% every single day. The awards act as a tangible thank you for a job well done. It’s also important to understand that employee awards should never, ever take the place of raises in salary. Employees who work for companies that have a good awards program often report that they feel like a valued member of the team and never get the sense that their hard work has gone unnoticed.
What are Branded Credit Cards
When you decide that it’s time to implement an employee awards program for your business, there’s lots of different options you can explore. Every business has its own way of handling an employee awards program. Some companies have various items; like laptops, cash bonuses, and club memberships that are used as rewards for work done well. Other companies prefer to use branded credit cards which are, credit cards that have been created to be used at specific retailers. Some banks have branded credit cards.
How They Work
The simplest way to incorporate branded credit cards into your employee incentive program will be treating the cards like pre-paid credit cards. Each time you want to award the employee for a job well done, all you have to do is add a specific dollar amount to the employees credit card account.
Why You’ll Like Branded Credit Cards
When you take some time and explore branded credit cards, you’re going to learn that many of the banks have set things up so that each time one of the cards gets used, your business will receive a small portion of money. In other words your business will be getting rewarded for respecting your employees.
Employees love branded credit cards because the cards give them control over what they get out of the awards program. You’re essentially giving them cash which they can than use to purchase things they really want or need. Some employees choose to the use the cards right away, while others prefer to let the balance grow over a period of time. It’s an employee award program that everyone enjoys.
Choosing a Branded Credit Card
Once you make the decision to use a branded credit card, you’re going to have to take your time any consider all your options. Not only should you look for a card that provides kickbacks and easy use, but it also needs to be branded with a company that you’re employees like. Don’t be afraid to ask your staff for their opinions.
Once you have created a branded credit card employee award program, you should experience an increase in productivity.
