Sunday Times : Rewards & Loyalty 2016 RewardsAndLoyalty2016 | Page 66

[ TERMINOLOGY ] In fact, partnerships are key to kulula.com’s loyalty and rewards strategy. The airline partnered with global travel-rewards programme Avios earlier this year. This means kulula.com customers who join Avios can collect Avios points when they book flights with the airline. They can also collect Avios points when booking accommodation in local and international hotel chains, purchasing fuel or car rental, and when buying everyday products through other partners. These points can then be redeemed for further flights and accommodation. DESPITE SIMILARITIES IN THE DEFINITIONS, MARKETERS THESE DAYS TEND TO TALK ABOUT LOYALTY RATHER THAN REWARDS. choice of the type of programme they want to develop. These include: • Data: Are you looking for real-time insights into buying behaviour? This is why a supermarket would want a loyalty programme, because the more they understand about their shoppers, the more effectively they’re able to market to them and maximise share of the basket. Importantly, supermarkets can offer access to the data they get to their suppliers, so a loyalty programme can become very valuable. • Category: Depending on which category you compete in, you’d be looking at what kind of behaviour you want to incentivise. Supermarkets, hotels and airlines are in categories where there is choice, and where customers are not locked into relationships as they are with banks or cellphone networks. The data you get from shoppers on your loyalty database helps you as a marketer to send them offers that they are more likely to act upon. • Costs: Rewards can become really expensive and eat into profit margins – is there a way to offer something that will be valued by the customer, but doesn’t necessarily have a hard cost attached to it? “Based on these factors and also the size of your business, you would design the type of programme that fits best and that your customers will find valuable,” Dr Britten concludes. ■ UNDERSTAND BY EXAMPLE HOW SHOULD A COMPANY CHOOSE ITS APPROACH? Nonetheless, Dr Britten says there are various factors that should inf luence an organisation’s 64 R E WA R D S & L O YA LT Y S A EMPLOYEE INCENTIVES MOTIVATE EXTERNAL CUSTOMERS Loyalty programmes are all about improving external customers’ buying behaviour and experience – except when they’re about incentivising internal staff’s experience and behaviour. Maud Botten is the sales director of Uwin Iwin Incentives, which designs and manages recognition, reward, loyalty and incentive programmes for internal workforces and channel partners. “The fundamental difference with employee or channel-incentive programmes is that the reward is not tied directly to a purchase; they are primarily tied to performance, that is, staff making targets or achieving above target,” says Botten. “The most successful schemes are normally those where the client understands that incentives cannot work in isolation, but should form part of a bigger strategic plan and work in synergy with the company’s marketing strategy.” While the most popular schemes involve cash incentives, incentive travel is also extremely popular and effective, though Botten notes there are a multitude of hybrid programmes that can be tailored to clients’ needs. However, an employee-incentive programme must influence the behaviour of external customers, otherwise there is no “value” in it in terms of the bottom line. “Engaged, happy staff members are loyal, and a loyal staff lives the values of the business and has the client’s best interest at heart,” Botten notes. According to a case study by the Incentive Research Foundation of a Fortune 500 company, up to 30% of decision-making can be influenced at the point of sale – and that usually means that it is influenced by a staff member, who is motivated to engage with customers to improve sales as well as their own performance targets. TSYHUN/SHUTTERSTOCK.COM One of the simplest ways to illustrate the perceived distinction between loyalty and rewards is by example. According to Dr Britten, the UCount Rewards programme from Standard Bank is, as the name suggests, a reward programme. “You earn points that allow you to redeem rewards – the relationship between your behaviour and the incentive is fairly linear,” she says. On the other hand, she lists Smart Shopper and the Clicks ClubCard as loyalty programmes. “They have an element of rewards in the form of a cashback, which you can only spend at their stores, but they also offer other incentives such as discounts or a free magazine. Importantly, both programmes use insights generated by data to offer you tailored deals.” What it boils down to, Dr Britten says, is that both loyalty and rewards programmes seek to change consumer or customer behaviour to increase profitability. Despite similarities in the definitions, Dr Britten says that marketers these days tend to talk about loyalty rather than rewards. “A sophisticated loyalty programme aims to be about more than rewards,” she says. “Relevance and relationships should matter just as much. The ideal customer should not need a reward in order to spend money with you – which means that there is an inherent contradiction in the term ‘loyalty programme’.”