Incentive - February 2009 - (Page 62) AWARDS Still a Top Choice As budgets decrease, gift cards are stepping in to offer flexible rewards By Alex Palmer W hile companies cut back on their recognition budgets, the flexibility of gift cards may be making them a go-to award for planners looking to keep costs down or rethink their programs. This might seem surprising, considering that we reported this month that holiday gift card sales fell for the first time in years, according to research firm TowerGroup. But suppliers to the incentive market have seen only a modest impact, if any at all. “To be very frank, I’m not seeing any issues with the gift cards,” says Robert Ward, director of sales for Ovation Rewards, the gift certificate program for Fairmont-Raffles properties. “Obviously there’s been some things in the news, but it hasn’t affected us whatsoever.” Ward has actually seen new business come in from companies that did not necessarily have incentive plans in the past, 62 | Incentive | February 2009 | incentivemag.com http://www.incentivemag.com
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