Did you know that employee incentives can be taxable? In general, cash and prizes awarded to employees for good work or suggestions are taxable income since they are presented in return for an employee’s performance or services. Cash awards and the fair market value of non-cash awards are thus generally subject to federal income tax […]
Did you know that the industry average is between 1-3% conversion rate for test drive sign-ups? So the more people you get in the door to test drive, the more people you have buying cars!
Incentive programs are a way for businesses to give more in order to get more from their customers. Instead of rewarding clients with a gift card or discounts, like a loyalty program does, an incentive program usually presents them with a more valuable reward. The customer makes a purchase or spends a certain amount, they […]
Now that you know the difference between a loyalty program and an incentive program, it is time to get your loyalty program set up. Offering loyalty rewards to your customers can deliver plenty of rewards for your business. For instance, 39.4% of customers will spend more at the businesses they’re loyal to even if cheaper […]
Before you establish a loyalty program, the first thing you need to do is differentiate between a loyalty program and an incentive program. Once you do that it will be easier to establish your loyalty program
Elite Rewards provides imagination, tailored consultation, and a full portfolio of products to increase sales, build customer loyalty, and shift customer and employee behavior.
This monthly virtual “Lunch and Learn” will feature seasonal topics that are aimed to help you, our valued client. Once registered, you will receive a gift card to the food delivery service of your choice to cover the “lunch” part of the event. Now you can lunch, and learn, from the comfort of your own […]
Travel is making a comeback, and Elite Rewards is here to help offer any type of trip as an incentive for employees or customers. As we move forward this year, the idea of taking a trip with family or friends is going to be at the forefront of people’s minds. Whether they want to stay […]
You aren’t just suddenly short one employee, you have also lost an important investment. Employee turnover can be costly for even the largest employers.
