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The most popular luxury branded merchandise categories according to Incentive Magazine’s third annual Luxury Brands survey of incentive planners: Electronics 53.2%, Crystal 44.5%, Watches 43.6%, Leather Goods 40.9%, Food and Beverage 37.7%, Cameras 36.8%, Jewelry 32.3, Luggage 31.4%, Clocks 27.3%

According to Incentive Magazine’s third annual Luxury Brands survey, 64.1% of respondents reported using luxury items in recognition programs and 63.6% in sales incentive programs.

A recent Watson Wyatt Worldwide study found a strong correlation between internal communications and employee retention and engagement levels.

A recent survey found that more than half of the respondents agree that employees tend to look at cash bonuses as something they are due, rather than as an award for meeting or exceeding goals. According to four out of five respondents travel and merchandise awards are also remembered longer than cash awards.

A study produced by The Society of Incentive & Travel Executives (SITE) Foundation found that 92% of workers surveyed indicated that they achieved their goals because of incentives.

After safety fundamentals are in place, such as a formal safety process, management safety accountability, inspections, etc., safety awareness is key. Safety awareness is like the oil in a car: It makes the parts continue to function at a high level.

A recent study by Harvard Business School found that every 1 percent increase in staff loyalty resulted in a half percent increase in customer loyalty.

According to a new survey by WorldatWork and the National Association for Employee Recognition, businesses are expanding their recognition programs and starting new ones with more frequency than ever before. While the majority of past awards have been given for length of service or performance, companies are adding new awards for safety, ideas, team building and efficiency.
Source: WorldatWork and the National Association for Employee Recognition

A recent survey revealed that CEOs cite attracting and retaining talent is the number one barrier to corporate growth alongside HR executives who rate finding and retaining the best talent to be their greatest concerns.

"A motivated staff is the cornerstone of quality customer service and product innovation," said Max Messmer, chairman of Accountemps and author of Managing your Career for Dummies(r) (Hungry Minds, Inc.). "By acknowledging your employees' achievements, you let them know their contributions are integral to the organization's success."