If nobody receives some sort of benefits then what’s the point, people are keener towards receiving benefits, this goes for both employees and customers. If reward programs in Singapore are provided then it would be beneficial for the business as they are getting the attention of both groups.
How to attract customers?
Without customers there would be no business, as no revenue would be generated, which would allow the business to make losses. Therefore it’s important to keep the customers happy. This could be done through various measures such as providing loyalty cards, as with that it shows they are a valued member. Also they could offer promotions such as buy one get one free, as those will definitely attract customers.
How to reward employees?
For employee rewards program singapore you either have to use financial incentives, or non-financial. It is pretty simple as employees’ desire recognition, and respect most of the time which is easy to do. But sometimes it may not work for certain employees, hence the reason why they want more raises, or bonuses, some may even demand for vacations and such. So why not hesitate to give it for all the hard work they have done.
How will it affect the business?
Handing out rewards is good for the business as workers will be more encouraged to work, customers will keep you in mind, which will give you repeat purchase. However providing such rewards can be financially depleting on some grounds.