Connect with us

Brainstorms

Add This Creative Spin to Your Next Employee Award Contest

Try this to make your employee rewards truly special.

mm

Published

on

Add This Creative Spin to Your Next Employee Award Contest

The North American division of HSBC, a London-based bank, does a neat twist on its annual awards contest — employees are asked what they would like to receive should they win. The prize value is capped at $10,000, and it cannot be redeemed as cash. “You can imagine the impact these personalized prizes have on HSBC employees,” writes Marcus Buckingham in The One Thing You Need To Know. “It’s one thing to be brought up on stage and given yet another plaque. It’s another when you receive a college tuition fund for your child, or the Harley-Davidson motorcycle you’ve always dreamed of, or—the prize everyone at the company still talks about—the airline tickets to fly you and your family back to Mexico to visit the grandmother you haven’t seen in 10 years.” Could you offer a scaled-down version of such a prize?

Over the years, INSTORE has won 80 international journalism awards for its publication and website. Contact INSTORE's editors at [email protected].

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials | Sollberger’s

Going Out of Business Is an Emotional Journey. Wilkerson Is There to Make It Easier.

Jaki Cowan, the owner of Sollberger’s in Ridgeland, MS, decided the time was right to close up shop. The experience, she says, was like going into the great unknown. There were so many questions about the way to handle the store’s going-out-of-business sale. Luckily for Cowan, Wilkerson made the transition easier and managed everything, from marketing to markdowns.

“They think of everything that you don’t have the time to think of,” she says of the Wilkerson team that was assigned to manage the sale. And it was a total success, with financial goals met by Christmas with another sale month left to go.

Wilkerson even had a plan to manage things while Covid-19 restrictions were still in place. This included limiting the number of shoppers, masking and taking temperatures upon entrance. “We did everything we could to make the staff and public feel as safe as possible.”

Does she recommend Wilkerson to other retailers thinking of retiring, liquidating or selling excess merchandise? Absolutely. “If you are considering going out of business, it’s obviously an emotional journey. But truly rest assured that you’re in good hands with Wilkerson.”

Promoted Headlines

Most Popular