All Star - Blog listing page

July 21, 2022
Contact: Heidi Chatfield - All Star Incentive Marketing
P: 508-347-7672
E: heidi@incentiveusa.com

Listen to this blog:

In the wake of the pandemic as things slowly return to normal, or a “new normal” is created, the need for human connection is great. Communication, transparency and ensuring that employees have the tools, resources and have developed the skills they need to thrive will be critical.

ESG refers to business leader’s focus on Environmental, Social and Corporate Governance in relation to their long-term plans. What can a focus on ESG mean to your business or profitability, and how can companies use employee engagement tactics to further the cause?

Environmental, social, and governance (ESG) criteria are an increasingly popular way for all stakeholders, not just investors, to evaluate companies. Many mutual funds, brokerage firms, and robot-advisors now offer products that employ ESG criteria. ESG criteria can also help investors, employees, contractors, and others avoid companies that might pose a greater overall risk due to their environmental or other practices. What can ESG criteria mean for your business?

The Incentive Research Foundation (IRF) has completed their survey of incentive buyers, suppliers and professionals in the industry to provide their merchandise outlook for 2020. Some key points follow:

The Incentive Research Foundation has recently completed a study on U.S. Federal Regulations on non-cash rewards. According to those surveyed, 70% are “extremely” or “very” knowledgeable about the tax and other regulations regarding non-cash rewards. That same percentage reports that they are proactive in their approach to program design - and change the design frequently in order to comply with regulations.

During my job search, my goal was first to find an opportunity with a company where I felt my role would make an impact; I wanted to feel purpose. Joining All Star Incentive Marketing, that’s exactly what I got. We are much more than inspirational words on a website. As a reward and recognition company we practice what we preach. Before we pitch a new employee engagement program, it is tested on our very own employees.

The journey into safety rewards and recognition never needs to be a blind one.  Often times a potential client will come to us not knowing where to start. We know that there are specific costs associated with safety (in particular – accidents) including lost time, claims, administrative expenses, and more.  The best thing to do is to evaluate the company’s current state of affairs relative to safety and that includes costs, incident rates, claims, training, recognition, committees, regular meetings, etc.  The more in tune a company is with their overall safety strategy and culture the more likely they are to create a properly designed and effective safety reward and recognition program.