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 […]
Myth Busting: How Effective Are Non Monetary Incentives?
Did you know that a simple “thank you” at the right time can be more motivating than a bonus? Think about it. You might believe that only money can keep you happy in your job, but that’s not true. In today’s workplaces, you’ll find non-monetary benefits are just as helpful and even more sustainable for […]
The Pros and Cons of Giving Stipends as Employee Incentives
Thinking about the benefits of stipends as employee incentives? Well, lately, more and more companies are picking to have stipends to keep their staff happy and stay ahead in the game – these benefits can add everything from gym memberships to equipment for a home office, and they can be used for all sorts of […]
6 Questions About Stipends Every Employer Should Answer
It’s super important to understand stipends and their part in compensation and benefits if you’re leading a company. Stipends are these regular fixed amounts of money you give to your team, not for the work they do by the hour, but to support them in bigger ways. Whether it’s helping with training costs, internships, or even personal […]
What Are Long-Term Incentive Plans and How Do They Work?
Are you starting out on a process to learn about long-term incentive plans? Well, you’ve landed on the right page, friend! This read is meant to break down the difficult bits of LTIPs and believe me; it can hold your attention until the end! Are you a corporate big shot just mulling over how to […]
Incentives for Agent Performance in Real Estate Rewards
Rewards can really boost performance in the no-nonsense world of real estate. They give agents the push they need to go further and strive for extraordinary results. The real estate sector is filled with many chances but also brings loads of challenges, and just to be clear, it’s a fast-paced field with ever-changing market trends, […]
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 […]
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 […]
The 12 Types of Incentive Programs and How They Work
Back in 2005, economist Steven D. Levitt and journalist Stephen J. Dubner wrote a New York Times best-seller called Freakonomics which “changed the way we see the world.” Before your eyes roll back in your head at the thought of reading a book about economics, let us whet your appetite. Levitt isn’t your typical economist […]
