Research
Merchandise IQ Survey: Budgets Grow Again
By Leo Jakobson
January 15, 2013
If there is one word that best summarizes
Incentive's 2013 "Merchandise IQ Survey" in comparison to the 2012 edition, it is "continuity."
This year, very few responses differed by more than a couple of
percentage points from those in 2012.
That said, many of those trends are good news. Once again, the
number of respondents whose program budgets have increased
(31.8 percent) was slightly more than twice the number who cut
their budgets (15.7 percent). Slightly fewer programs (4.5
percent) remained unchanged although, in both cases, that
accounted for slightly more than half of the responses. And the
number of respondents who recognized the importance of
brand-name awards grew, with roughly 31 percent calling them
"very important" in 2013, compared with about 21 percent last
year.
The objectives of incentive programs using merchandise awards
seemed to focus on employees - specifically recognition,
morale, and teamwork - a bit more in 2013 than in 2012. The top
three motivating factors behind gift merchandise were "employee
recognition," "increase sales," and "build morale/job
satisfaction," the latter jumping to third place from
fifth.
This page is protected by Copyright laws. Do Not Copy