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Technological advances have changed the way of life for most companies. More than a decade ago, employers were concerned more about productivity and money-earning schemes. While that concept still holds today, there are progressive changes within the human resources division of a company when it comes to employee benefits. Nowadays, rewards for a job well done come in many forms – a plaque of appreciation, a printed certificate, a token. But the bonus that makes a team member the most excited is a universal gift card.
A regular gift card is more popular as a gift for any occasion – birthdays, graduation days, weddings, anniversaries, or baptism days – because it comes in all colors and designs. But the workplace now recognizes the need for congratulations in the form of a universal gift card. These are the reasons why it is more effective as a reward for a deserving employee.
Gift cards are considered part of a work incentive or a bonus.
A worker gets a job to earn money for his daily needs. Some companies have quarterly awards to honor the people who give all of their energies to improving the quality of their work. So work-related rewards are an excellent way to motivate any employee. A cash card gift is good enough motivation for all personnel to do a job well done.
It is as good as cash so that you can use it anywhere.
A few years ago, employees were given gift cards for sole use at the issuing store. If the shop is far from your place of residence or work, dropping by is a hassle. But the current use of gift cards is a blessing for those who receive them. He can use it for online purchases, so there is no need to go to the store physically. He can also use it for any small shopping spree or payments – groceries, gas, parking fees, the spa, etc.
Also, when a person uses cash for something he wants but does not need, there is a familiar pang of regret and guilt. These feelings are especially prominent when payables are just around the corner. But a gift card lessens the culpability of spending. The receiver can use the card for small, guilt-free purchases.
Most gift cards are reloadable.
A gift card is convenient. These are like debit cards. Once you empty your balance, you have the option to either discard or reload it. Reloadable gift cards are especially useful for the people who prefer segregating purchases via the existing money-cards that they have.
The company uses these cards as an option for business spending needs.
Gift cards are helpful for employers as well. Money runs the world, so every office or workplace needs money to survive. But there are unfortunate instances when some employees lose the trust of their employers due to money issues. Corruption is a real danger to the workplace. Having a universal card at work gives limited business spending options for the workforce, hence lessening the temptation to get even just a small amount for themselves.
If you did exemplary work, your employers might look for ways to reward you for your excellent service to the company. In line with the times, a modern company may consider giving gift cards as a way to honor your efforts.