The Difference Between Top-Down vs Bottom-Up Incentives
You can change your organization with the right incentive structure. It might affect everything from how motivated your employees feel to the kind of company culture you build. In this section, I’ll tell you about the differences between top-down and bottom-up approaches – and why they make a difference in the modern workplace. Once you […]
Customer Loyalty Programs
Competition is everywhere and it doesn’t matter what industry you’re in either. No matter how niche you think your business might be, any profitable niche will eventually attract competitors. Particularly in the era of the startup, no company is invincible when it comes to potential competitors. Once you lose sight of this reality, you run the […]
Salesperson Incentives and Rewards Programs
Have you ever worked in sales? Perhaps your organization employs a sizeable sales force, and you’re interacting with your salespeople on a regular basis. Whether you’ve had firsthand experience working in sales or not, all it takes is a few minutes spent with a dedicated salesperson to realize that there’s something unique about them. People […]
Employee Behavior: Incentives Within Your Own Organization
When it comes to increasing revenue with third-party salesperson incentives, the scope of what you’re trying to do is fairly narrow. In other words, your end goal is singular and straightforward: You want to increase sales of a particular product or range of products, and you need to incentivize a very specific type of personality […]
Incentives for Customers: Rebate Programs
Customer rebate programs are without a doubt one of the oldest forms of incentive marketing. They’ve been around forever, and it’s easy to overlook them as a viable option. They aren’t quite as hyped as some newer approaches to marketing and customer retention, and the word “rebate” isn’t exactly a sexy marketing term. They also […]
Merchandise and Travel Rewards
There’s no reason to simply limit your reward options to cash, though. In fact, we would argue that only offering cash incentives to your employees is a major mistake. While you might think that cash rewards would be the most desirable for recipients, the data actually shows that merchandise and travel rewards provide greater employee […]
6 Incentive Strategies for Remote-First Companies
Remote-first businesses can grow when their teams feel more connected and motivated, no matter where they work! You can overcome obstacles like isolation and lack of in-person camaraderie by putting the right incentive strategies in place. These incentives can change your remote workforce’s performance for the better. These six great strategies will improve engagement and […]
What Are Micro-Incentives for Businesses and Employees?
Rewards like micro-incentives can help to uplift employee morale. They work by adding regular and personalized recognitions into your engagement strategy. These small incentives can make a positive change in your workplace culture. I’ve seen them improve motivation, retention, and productivity. You can stay on track with success by customizing the rewards to meet your […]
Branded Reloadable, Prepaid and Virtual Debit Cards
There are multiple options available to you when it comes to implementing an incentive program. In terms of how rewards are actually delivered, you have lots of options, too. You might choose to simply reward a participant with a check, or by transferring funds into their account via ACH/direct deposit. But as we’ve seen, these […]
What Are The Best “Long-Term” Incentives for Your Team?
Long-term incentives can actually change how your team performs and stays committed to your company’s success! These programs help to align employee interests with organizational goals through structured rewards that mature over multiple years. It helps if you choose the right combination of incentives that can motivate your workforce and support your business goals. These […]
