Incentive Program Basics
There are 5 basic types of incentive programs that companies can adopt, each of them are used for a different purpose and can help generate results in a specific area. Many companies choose to implement more than one incentive program based on their unique business goals. Whether offering several programs of the same type or mixing and matching various types to achieve your business goals, incentive programs play a vital role. In fact, most successful companies have at least one incentive program in place at any given time.
Below is a basic description of the types of incentive programs and a simple description of how they are used:
Recognition Programs
used to reward employees for a job well done
Sales Incentive Programs
used to motivate salespeople and sales teams to reach their goals and increase sales
Length of Service Programs
used to celebrate annual anniversaries of employees
Wellness Programs
used to support employees health and fitness goals, helps to reduce absenteeism
Safety Programs
used to encourage employees to create a safe work environment
Regardless of the goals you have set for your company, there is an incentive program that can help you to achieve those goals. Choose the incentive program (or programs) that are applicable to your goals and get started -you will be pleasantly surprised by the results that can be achieved.
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About The Author:
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Sally Liddicoat is a Wife, Mother, Speaker and the Founder & CEO of AttaBoy! Solutions. Her goal is to help businesses increase sales, generate ongoing referrals, strengthen relationships and create loyal customers and employees through appreciation marketing. Throughout this blog you can sign up for updates, news, special offers, discounts and more. So take a look around, leave a comment or two and enjoy. |
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