The Incentive Research Foundation (IRF) partnered with a neuromarketing organization to use leading edge biometric technology to better understand incentive and recognition program participant reward preference. The findings have been released in a pair of enlightening papers.
Whether it’s an employee engagement or sales incentive solution, there are key things to consider when planning a program. Here are some best practices to help you create an effective solution, or to breathe life into an existing program.
View as PDF Attention-grabbing signs at retailers announce, “Cash Back!” for customer purchases. In any economy, consumers are looking for better prices and the promise of cash would seem to be a likely driver of purchasing behavior. Unfortunately, however, a tremendous opportunity is lost for the retailer. While such tactics may produce temporary bursts of purchases, they do not develop …
The impact of the choice between Bill on Redemption (BOR) and Bill on Issuance (BOI) has implications for both the finance department and for eventual program costs.
View as PDF Discussions of organizational stakeholders routinely include shareholders, employees, and customers. An equally important constituency, however, is made up of the channel sales partners, including sales people working for those companies forming the distribution channel. These partners are motivated differently than employees or customers, as they must first and foremost address the needs and priorities of their own …
Employee engagement is increasingly understood to be an essential business strategy to achieve business outcomes. To be truly engaged at work, people need…
How Recognition & Reward strategies should reflect the different expectations of Generation Y employees.
Millennials at work are a topic of great discussion, from HR conferences to watercoolers. These new workers, it is said, expect extra feedback on the job, immediate promotion, and flexibility in the extreme.
Should you reward your employees simply for showing up, day after day? We answer a resounding “Yes!”
When it comes to incentive and recognition programs, the tax laws can be challenging to say the least.
Material gifts are desirable, but an experience, like dinner with friends or a trip to a far away place, creates enjoyable memories that last long beyond the event.