Rapid growth in use of vouchers

VOUCHER SCHEMES

Rapid growth in use of vouchers

More and more employers are turning to vouchers as a “no-fuss, off-the-shelf, or even web-based element of their rewards offer”, says a report in a recent edition of Personnel Today magazine.

Vouchers schemes are “easy to administer” and don’t risk HR or reward getting “bogged down in red tape”, says Virginia Matthews, the author of the report. According to figures she cites, £1.2 billion worth of vouchers are sold to businesses to boost employee morale, as benefits or as sales promotions.

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“The flexibility of vouchers means employers have a good chance of pleasing most of their staff, most of the time,” says Matthews.

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Title: “Voucher schemes: What’s in your wallet?”, by Virginia Matthews, Personnel Today, 17 April 2007.

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