Market research has been a valued strategy for decades. Traditionally, marketers have employed focus groups, product testing, interviews and telemarketing surveys to get that all-important customer and prospect input. Companies that invest in employee incentive and recognition strategies can also benefit from market research. For incentive and recognition programs, input from representatives of the target group is critical to ensure that the process is effective and the rewards will be motivating to the audience.
In the consumer world, online surveys make it easier than ever to measure brand awareness and get feedback from customers on current products and services or future innovations. In a corporate application for employee programs, online surveys provide real-time feedback on all aspects of the program, allowing administrators to course-correct as they go. Here are just a few of the advantages of online surveys:
The ability to collect, analyze and act on data is increasingly important to businesses. While incentive and recognition programs were once thought of as “soft” benefit, technology now allows the ability to calculate return on investment with measurable results including improved performance, reduced absenteeism, lower turnover, increased engagement, higher customer satisfaction and loyalty and increased market share.
Inviting employee or target audience input via online surveys ensures that you are not designing your employee programs in a vacuum, assuming what might be rewarding to that program audience demographic. Using online surveys before, during and after your employee programs will provide accurate data on which you can base decisions for meeting future business goals.