Welcome!

Agile Computing Authors: Liz McMillan, Pat Romanski, Elizabeth White, Dana Gardner, Andy Thurai

News Feed Item

IRF 'Pulse' Survey Reveals an Industry Back on Solid Ground

The Economy Is Having a Sustained Positive Effect on Planning and Execution for Both Travel Incentives and Merchandise/Noncash Programs; Other Specific Trends Identified

ST. LOUIS, MO -- (Marketwired) -- 07/11/14 -- The latest Pulse survey from the Incentive Research Foundation (IRF) paints a clear picture of sustained recovery for an industry that, like many, suffered its share of cutbacks and setbacks during the recent recession.

The IRF recently surveyed motivation industry professionals about trends in incentive travel programs, merchandise/noncash programs, budgeting and other key areas for 2014. Findings indicate that things have stabilized compared to the previous four survey periods, which established a strong positive upward trend for each of the core elements outlined above, beginning in July 2009 and continuing through April 2014.

Some notable highlights:

  • Overall, respondents feel positive -- 63% currently -- about the economy's effect on their ability to plan and implement incentive travel programs. This is the first time this indicator has remained over 60% in two consecutive survey periods since 2008 (November 2013 was at 69%).
  • 48% of respondents say the economy is having a positive influence on program planning and execution of merchandise/noncash programs as well. The percentage of those saying it will have no impact rose from 32% a year ago to 42% currently.
  • More than half of respondents (53%) indicate they use social media tool/techniques to enhance their incentive programs (vs. 55% a year ago), 36% indicate the use of corporate social responsibility (CSR) components (vs. 39% a year ago), and 36% use gamification techniques (vs. 26% a year ago).
  • Respondents are nearly evenly split when it comes to the involvement of procurement/purchasing with incentive travel programs in the coming year -- 47% anticipate no change in such involvement, while 48% say that the procurement/ purchasing role will increase to some degree.
  • 19% of respondents now say they expect a change from domestic to international destinations -- up from just 4% two years ago. Still, 49% indicate that North America is their top choice, with Europe and the Caribbean tied for second at 41%.
  • Electronics (43%), jewelry/watches (33%), and open-loop gift cards (36%) are the most common merchandise used in reward & recognition programs. Other popular merchandise types are golf items (32%); apparel (31%); housewares (30%); and luggage (29%).

The survey was conducted from April 15 through May 2, with participants falling into three basic categories:

  • Corporate (Buyers, Planners, Sales, HR)
  • Supplier (Hotels, Airlines, DMCs, Merchandise)
  • Third Party (Incentive Company, Travel Agency, Consultant)

Please read more at:
http://theirf.org/The-Incentive-Industry-Trends-2014.6118451.html

About the IRF:
The Incentive Research Foundation (www.TheIRF.org) funds and promotes research to advance the science and enhance the awareness and appropriate application of motivation and incentives in business and industry globally. The goal is to increase the understanding, effective use, and resultant benefits of incentives to businesses that currently use incentives and others interested in improved performance.

Press Contact:
Jon Lieb
(212) 563-8025

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

IoT & Smart Cities Stories
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities - ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups.
DXWorldEXPO LLC announced today that Telecom Reseller has been named "Media Sponsor" of CloudEXPO | DXWorldEXPO 2018 New York, which will take place on November 11-13, 2018 in New York City, NY. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, will provide an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life ...
Chris Matthieu is the President & CEO of Computes, inc. He brings 30 years of experience in development and launches of disruptive technologies to create new market opportunities as well as enhance enterprise product portfolios with emerging technologies. His most recent venture was Octoblu, a cross-protocol Internet of Things (IoT) mesh network platform, acquired by Citrix. Prior to co-founding Octoblu, Chris was founder of Nodester, an open-source Node.JS PaaS which was acquired by AppFog and ...
The Founder of NostaLab and a member of the Google Health Advisory Board, John is a unique combination of strategic thinker, marketer and entrepreneur. His career was built on the "science of advertising" combining strategy, creativity and marketing for industry-leading results. Combined with his ability to communicate complicated scientific concepts in a way that consumers and scientists alike can appreciate, John is a sought-after speaker for conferences on the forefront of healthcare science,...
"The Striim platform is a full end-to-end streaming integration and analytics platform that is middleware that covers a lot of different use cases," explained Steve Wilkes, Founder and CTO at Striim, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
The deluge of IoT sensor data collected from connected devices and the powerful AI required to make that data actionable are giving rise to a hybrid ecosystem in which cloud, on-prem and edge processes become interweaved. Attendees will learn how emerging composable infrastructure solutions deliver the adaptive architecture needed to manage this new data reality. Machine learning algorithms can better anticipate data storms and automate resources to support surges, including fully scalable GPU-c...
Predicting the future has never been more challenging - not because of the lack of data but because of the flood of ungoverned and risk laden information. Microsoft states that 2.5 exabytes of data are created every day. Expectations and reliance on data are being pushed to the limits, as demands around hybrid options continue to grow.
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...