Rymax named to 2023 Power Partner Awards

(PRESS RELEASE) -- Inc. Business Media recently announced its second annual 2023 Power Partner Awards, honoring 389 business-to-business organizations around the globe that have proven track records for partnering with organizations and furthering their overall business growth. Rymax, the premium and incentive industry’s pioneer in loyalty marketing, was honored in the highly competitive “Human Resources” category, celebrating businesses providing best-in-class HR services to the $157 billion global market.

“As a pioneer in the incentive industry for nearly 25 years, it’s incredibly validating to be recognized by Inc.’s Power Partner Awards for our innovative efforts in employee retention and engagement, especially since employees are a company’s biggest competitive advantage,” said Eve Kolakowski, CEO and President of Rymax. “Motivated employees are likely to be more productive and provide better customer service, which is why offering unparalleled employee-incentive programs to help keep them feeling appreciated becomes so critical in solidifying market leadership.”

Undeniably, turnover is expensive, with research suggesting that direct-replacement costs can reach as high as 60% of an employee’s annual salary. Effective employee-retention programs can help mitigate employee churn since studies reveal that 63% of employees who feel recognized are less likely to seek a new job. Fostering a culture of recognition not only helps retain employees but also helps attract top talent.

“Trusted B2B partners provide guidance and expertise that founders rely on at various steps of their organization’s journey,” says Scott Omelianuk, editor-in-chief of Inc. Business Media. “Partners that possess a demonstrated ability to deliver quality support are at the core of entrepreneurship and help bring big ideas to life.”

Since 1999, Rymax has fostered relationships with hundreds of prestigious brands to offer customers thousands of reward options across various product categories, ranging from designer fashion and luxury accessories to home essentials and technology. Recently, Rymax announced a partnership with Capital One, enabling the global financial products and services leader to provide eligible Capital One rewards cardholders access to sophisticated merchandise-rewards programs. Through the collaboration, Capital One’s rewards cardholders can now redeem their rewards from a wide range of Rymax’s top-tier merchandise from popular brands such as Apple®, Dyson, Tumi, Gucci, Bose, Samsung, and Marc Jacobs.