CHICAGO, Dec. 19, 2017 (GLOBE NEWSWIRE) -- Incentivefox, a leader in revolutionary marketing programs that utilizes a customizable reward platform where companies can easily collect referrals and re-engage with their customer base has announced details of its latest offering, Employee Rewards. A new solution that works within the Incentivefox platform to increase employee appreciation and retention.
According to the National Automobile Dealers Association’s 2016 Dealership Workforce Study, “the three-year employee retention rate at dealerships reached a new low last year, dropping two percentage points from 2014 to 45 percent, vs. a 67 percent rate overall in the U.S. nonfarm private sector.” Furthermore, the study called the decline an “alarming trend,” saying it represents a drain on the industry of talent and cumulative work experience. The result, the study said, is “reduced productivity, reduced median and average earnings, and reduced dealership profitability.”
Unfortunately, the issues don’t stop there. According to Socialcast, "69% of employees would work harder if they felt their efforts were better appreciated." The number-one reason most Americans leave their jobs is that they don’t feel appreciated. In fact, according to Gallup, Tom Rath and Donald Clifton, How Full Is Your Bucket? Positive Strategies for Work and Life, 2001 65% of people surveyed said they got no recognition for good work last year.
Incentivefox wants to make expressing appreciation and retaining your top employees simple. Companies with strategic employee recognition programs in place see stronger employee performances by almost 60%.
The Incentivefox platform allows management teams to track top performers and reward them for their actions as well as receive increased visibility to workplace happenings. Placing these vital reports and integral information into the hands of management, allows for better alignment of their workforce, and gives keen insight into which employees require additional training and to reward employees for any number of milestones.
The Incentivefox platform not only saves the management team time, it improves overall company culture and branding. Every employee is rewarded with a dealership-branded, personalized and reloadable reward card. The employee can then choose how to spend their reward dollars around town. The ability to showcase your company name results in previously untouchable brand reach. Your employees will be using your custom company branded reward card at local grocery stores, restaurants and shops, making your brand visible to friends, family and potential customers.
Click here to request a demo of the employee rewards solution or any of their other solutions such Referral Rewards, BeBacks, direct mail, website conversion tools and more.
About Incentivefox
Incentivefox (www.incentivefox.com), an offer and incentive solution platform provider. Boosting referrals, retention and revenue by creating and delivering enticing offers and experiences to your customers, partners and employees. Founded in 2014, Incentivefox solutions are used by dealerships, OEMS and small businesses all over the country. Visit the Incentivefox blog and keep up-to-date on the latest news, trends and press releases.
Incentivefox Media Contacts
Kristen Tepper, Incentivefox, ktepper@incentivefox.com
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/f5c16f7e-7c55-44d4-a1fd-9f6b44211b9a