Rewards are psychologically powerful tools for influencing behavior. People offer rewards to encourage strangers to help search for their lost items or pets. Grade schoolers will study extra hard on their spelling tests to earn a bonus recess. And stubborn 8-year-olds would probably still be in diapers if it weren’t for the power of stickers […]
Did you know that employee incentives can be taxable? In general, cash and prizes awarded to employees for good work or suggestions are taxable income since they are presented in return for an employee’s performance or services. Cash awards and the fair market value of non-cash awards are thus generally subject to federal income tax […]
Travel is making a comeback, and Elite Rewards is here to help offer any type of trip as an incentive for employees or customers. As we move forward this year, the idea of taking a trip with family or friends is going to be at the forefront of people’s minds. Whether they want to stay […]
You aren’t just suddenly short one employee, you have also lost an important investment. Employee turnover can be costly for even the largest employers.
