• The overall average effect of incentive programs was a 22% gain in performance. In fact, return can be four to five times that of other capital investments. Human Resource Magazine
• One of the most unique aspects of an incentive program is the manner in which it helps a company acheive desired objectives and strengthen relationships. Employees do things for their own reasons, not the organization's. The objectives developed and awards offered in a carefully designed performance improvement program help transfer a corporation's marketing objectives into internal, personal goals. Additional findings from a SITE Foundation study indicate that an overwhelming 92% of workers surveyed indicated that they achieved their quality and quantity goals because of incentives. SITE Foundation
• Tangible rewards, such as travel, are more motivating because they are sufficiently enticing to elicit the required emotional visualization. Potentials in Marketing Magazine
• Shifting incentives from "expenses" to capital investments carries over to corporate mindset. Transitioning to a longer-term customer relationship focus actually increases short-term profits.
• With today's labor market, employers are continually looking for ways to retain their staff through innovative programs and benefits.
• Human Resource savings occur in recruiting, interviewing, hiring, training and employee development.
1. Goodyear Tire & Rubber Company sponsored an incentive campaign to improve sales of tires. The group receiving lifestyle and travel rewards outperformed those receiving monetary awards by nearly 50%. This was the first documented evidence that cash, as a motivator, is not as effective as merchandise or travel.
2. A study produced by American Express Incentive Services, L.L.C. shows that people attach more value to a reward that they find personally meaningful. The survey indicates that 63% of respondents said their loyalty would increase if their employer offered on-going incentive programs.
3. Findings from a study produced by WorldAtWork (formerly the American Compensation Association) found that non-cash awards provide a three times better return on investment comapred to cash programs.
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