Fixed vs Variable Bonuses – Which Is a Better Sales Incentive?
Your team’s performance rises or falls based on how you set up the sales incentives. When you choose between the fixed bonuses that guarantee payment and the variable bonuses that connect to results, you’re picking how likely your team will meet or exceed the sales targets. When you become familiar with these different bonus types, […]
How Incentives Motivate Manufacturers to Sell Your Product
You’re probably wondering how to get manufacturers fired up about selling your products. Well, the secret is to use some incentives that’ll make your products too hard to ignore. When you tie your success to theirs, it pays off. But you can’t just throw out random benefits and expect magic to happen. Nope, you have […]
Benefits of Annual Incentive Plans vs More Frequent Ones
When it comes time to roll out an incentive plan, you’ll inevitably have to pick between an annual or a regular incentive plan. The choice between these two can improve some of your employees’ motivation. And one very well may work better than the other. The idea is that when you connect each person’s work […]
Unified Rewards: Is it Bad to Use Multiple Incentive Programs?
Unified rewards programs are shaking up the way that you can earn and use your loyalty points, and they bring together multiple businesses into one easy system! You can now cut back on earning points from different locations, which makes your rewards even more flexible. See Expedia’s new One Big program. It mixes loyalty systems […]
Incentive and Rewards Program Training
As the old saying goes: “Good help is hard to find.” But when we say, “good help,” what exactly are we talking about? As it turns out, there are a couple of things that make for an ideal employee or channel partner. First, a good employee or channel partner understands your brand —and identifies with […]
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 […]
Employee Incentive Rewards Vs. Recognition Awards
If you’re reading this article, you’re probably in some sort of a leadership role at your company or organization. Maybe you’re a small business owner, or a C-level executive. Maybe you’re a department head or a sales manager. Regardless of the specifics, there’s one thing that holds true across the board: Managers, executives, and business […]
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, […]
Which Fortune 500 Companies Have The Best Incentives?
Some top Fortune 500 businesses know that cool perks can actually cause results! Your productivity soars when you get some creative bonuses, a slice of the profits – plus the freedom to work on your own schedule. A happy team also means better work and less turnover too. You’ll want to get started with their […]
The Incentive Pay Strategies Guide for Small Businesses
Incentive pay can give small businesses a big improvement through team motivation and positive creation – and it also helps with the growth of the business! One time, I actually received a small bonus, and I felt like I could conquer the world. But I’ve also seen how poorly defined targets can sometimes spark unhealthy […]
