Incentives and Rewards as Behavior Modification
Incentives are at the core of our economic lives. Consider also that modern day humans are increasingly preoccupied with money, work, and the economy—whether it’s the desire to save money here, earn more money there, make the right purchasing choice, choose the right investment, or whatever else. So it’s easy to see just how important […]
ROI for Incentive and Rewards Programs
It doesn’t matter what aspect of your business or organization you’re talking about. Whether it’s sales, customer service, product development, or any other aspect of your company, one question takes precedence over all others: What’s the ROI? If you’re a C-level executive or business owner, you want to know exactly how the decisions you’re making […]
Incentives, Rebates, Rewards and Economics
Inventor and entrepreneur Elon Musk was born unceremoniously in South Africa in 1971. A precocious child, at the age of only 17 he decided to move to Canada and study at Queen’s University. A few years later, he transferred to the University of Pennsylvania with an ambitious dual-study path of economics and physics. Soon after, […]
Designing an Incentive or Rewards Program
Proper planning is absolutely essential to the success of an incentive program. If you don’t take the time to put together a high-level plan for your entire program, including goals, timelines, expectations, and more, the odds of achieving your intended outcomes are significantly diminished. With that in mind, let’s walk you through each of the […]
