 |
 |
||||||||
|
|||||||||
|
Employee incentive program tipsFor an employee incentive program to work, the more you know about what motivates the people in your company, the more successful your plan will be. We've been in the business for 28 years and we know that nothing spells motivation quite like travel does. In fact, we've got so many travel awards you may need our help to decide on which one better suits your employee incentive program. Some of our travel packages include:
Employee loyalty program: sticky?Did you know that rewards are referred to as sticky or slippery? If your employee loyalty program is going to work, you'll want to concentrate on the sticky awards. Sticky awards are the ones that are memorable- they stick in people's minds long after the reward has been used. Think glue. It's sticky. A sticky award system can keep workers and employers together. Let's take a mid-sized business, with about 1000 employees with an annual salary of $50,000 dollars. The company begins experiencing a yearly turnover rate of about 10%. That can mean a cost to the company of anywhere from 2 to 7 millions dollars a year. Doesn't an employee loyalty program that keeps employees motivated, devoted and happy make sense? Dollars and sense! Slippery awards are those that slip the recipients mind. Cash awards are considered slippery because they get lumped together with compensation rewards. Slippery awards don't motivate individuals or develop loyalty between the company and employee. We have top-notch sticky incentives. |
 |