"How To Determine If You Should Utilize An Incentive Program For Your Company"
"How To Determine If You Should Utilize An Incentive Program For Your Company"
Let's face facts. It is hard to run a business in this day and age. Not only is money tight everywhere you look but it is getting harder to find quality employees who are willing to make the grade when it comes to sales. You need to have employees who are doing all they should be plus a little more to make your business successful in every way. The real question is, how does one make that happen?
Well in most cases business owners try to provide more money as far as salary and bonuses are concerned. However, one must wonder if this really does the trick. After all, if the employee gets more money for simply going through the motions, why should they do any more then that? That is the real downfall to raising salaries without having something in return.
What you are really looking to do is motivate your employees to make sure they are getting the job done and going above and beyond the call of duty. Now you could spend thousands of dollars and send them all to a seminar hosted by some over priced, capped teeth, informercial reject and hope that does the trick. In most cases this will do nothing more then make the employees resent you for taking away their free time to go to the seminar.
There is a solution that will work. What about offering an incentive program for those that reach a certain goal? Sure, you say, and I am made of money. Well you do not have to be made of money to create a winning motivational reward program that will have the employees jumping at every chance to win.
The solution is all about travel and vacations. Who does not love the chance to get away? We all do. Seeking out some peace and quiet, away from the rigors of the daily grind. Your employees are no different. They would love the chance to get away and you can now give that to them without spending a load of cash.
The secret to this system is in the packages or vouchers. Instead of paying for a vacation out of pocket you simply buy a package deal by way of a travel voucher and award the winning employee with that. Sound simple? Too good to be true? Well it is simple, and it is true.
Using a company that deals in travel vouchers, you can easily create a high quality vacation employee motivational program and save a lot of money doing it.
Using the bulk pricing you can provide a top earning employee with a vacation for their efforts and not break the budget. When you do this you practically guarantee that the person will stay a top performer in the company to ensure that they continue to be rewarded. This is also a great way to track the performance of your employees. Each person that is rewarded with one of the vouchers becomes one of the top performers. The rest of the employees will then fall into line in hopes of achieving the line where they get the vacation of their dreams as well. This is all done with use of the vouchers and helps you to achieve a higher profit margin.
How To Determine If You Should Utilize An Incentive Program For Your Company - To learn more about this author, visit Sheryl Strasser's Website.
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When Should You Consider An Incentive Program In Your Company?
Let's face facts. It is hard to run a business in this day and age. Not only is money tight everywhere you look but it is getting harder to find quality employees who are willing to make the grade when it comes to sales. You need to have employees who are doing all they should be plus a little more to make your business successful in every way. The real question is, how does one make that happen?
Well in most cases business owners try to provide more money as far as salary and bonuses are concerned. However, one must wonder if this really does the trick. After all, if the employee gets more money for simply going through the motions, why should they do any more then that? That is the real downfall to raising salaries without having something in return.
What you are really looking to do is motivate your employees to make sure they are getting the job done and going above and beyond the call of duty. Now you could spend thousands of dollars and send them all to a seminar hosted by some over priced, capped teeth, informercial reject and hope that does the trick. In most cases this will do nothing more then make the employees resent you for taking away their free time to go to the seminar.
There is a solution that will work. What about offering an incentive program for those that reach a certain goal? Sure, you say, and I am made of money. Well you do not have to be made of money to create a winning motivational reward program that will have the employees jumping at every chance to win.
The solution is all about travel and vacations. Who does not love the chance to get away? We all do. Seeking out some peace and quiet, away from the rigors of the daily grind. Your employees are no different. They would love the chance to get away and you can now give that to them without spending a load of cash.
The secret to this system is in the packages or vouchers. Instead of paying for a vacation out of pocket you simply buy a package deal by way of a travel voucher and award the winning employee with that. Sound simple? Too good to be true? Well it is simple, and it is true.
Using a company that deals in travel vouchers, you can easily create a high quality vacation employee motivational program and save a lot of money doing it.
Using the bulk pricing you can provide a top earning employee with a vacation for their efforts and not break the budget. When you do this you practically guarantee that the person will stay a top performer in the company to ensure that they continue to be rewarded. This is also a great way to track the performance of your employees. Each person that is rewarded with one of the vouchers becomes one of the top performers. The rest of the employees will then fall into line in hopes of achieving the line where they get the vacation of their dreams as well. This is all done with use of the vouchers and helps you to achieve a higher profit margin.
How To Determine If You Should Utilize An Incentive Program For Your Company - To learn more about this author, visit Sheryl Strasser's Website.
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John PowerJohn Power, founder of Biltmore Franchise Consulting, has extensive experience developing and marketing franchises and business opportunities. He has been in and around franchising for over twenty years. From 1980 through 1990 he conceptualized, organized, and developed the American Video Association. He grew AVA to 2,000 national members, before selling the company it 1990. It was later merged into another home video marketing company. From 2000 to 2005 he worked as a contract marketing and human resources consultant to several local and national companies. In 2005 Mr. Power began working as a franchise development consultant on a full-time basis. Since that time he has helped more than three dozen companies initiate and develop their franchising program. He notes that there are many companies interested in developing a franchise program, and who need his specialized assistance. Mr. Power is a “hands-on” franchise consultant. He said, “I am the ‘nuts and bolts’ person who tends to the details for my clients.” Mr. Power holds a B.S. degree with a major in Marketing. See: www.biltmorefranchise.com You may contact Mr. Power at: jpower@biltmorefranchise.co - Visit John Power's Website |
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Dave KurlanDave Kurlan is the founder and CEO of Objective Management Group, Inc., the industry leader in sales assessments and sales force evaluations, and the CEO of David Kurlan & Associates, Inc., a consulting firm specializing in sales force development. Dave has been a top rated speaker at Inc. Magazine's Conference on Growing the Company, the Sales & Marketing Management Conference and the Gazelles Sales & Marketing Summit. He has been featured on radio and TV, including World Business Review with General Norman Schwarzkopf, in Inc. Magazine, Selling Power Magazine, Sales & Marketing Management Magazine and Incentive Magazine. He is the author of Mindless Selling and Baseline Selling – How to Become a Sales Superstar by Using What You Already Know about the Game of Baseball. He created and wrote STAR, a proprietary recruiting process for hiring great salespeople, and he writes Understanding the Sales Force, a popular business Blog and is a contributing author to The Death of 20th Century Selling and 101 Great Ways to Improve Your Life, Volume 2. - Visit Dave Kurlan's Website |
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Staging DivaDebra Gould, aka The Staging Diva®, is President of Six Elements Inc., an internationally recognized home staging company. Inspired by many requests from aspiring home stagers wanting to start similar businesses, Gould created the Staging Diva Home Staging Business Training Program. Gould has trained over 1000 Staging Diva Graduates worldwide to start staging businesses. Buying decorating and selling six of her own homes in four years lead to an interest in real estate staging which she turned into a career with the launch of sixelements.com in 2002. Since then she has staged hundreds of homes in addition to teaching home staging training. Gould is the author of several home staging resources including a series of popular ebooks made up of a Design Guide, Color Guide and Portfolio Guide. For more information about Debra Gould visit stagingdiva.com. - Visit Staging Diva's Website |
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Jeff FosterWebBizIdeas.com is a Minneapolis website design company founded to help people start an internet business by providing them with website, business, and internet resources that help foster the growth of successful online businesses and develop innovative Internet business ideas. We specialize in internet consulting & internet marketing. - Visit Jeff Foster's Website |
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Anne BarrAnne Barr has over 26 years experience in sales and marketing, six years as a franchisee. She has assisted over 367 business owners and purchasers to achieve their goals in career change, transition and exit strategy. She holds the designation of Certified Franchise Executive from the International Franchise Association, Certified Business Intermediary from the International Business Brokers Association and Board Certified Broker from the Texas Association of Business Brokers. Anne is active in professional organizations, networking groups and volunteers for non-profit entities. As owner/operator of four successful businesses, Anne has proven people skills and enjoys helping clients find the right "fit" in business ownership. Visit www.FranchiseOpportunitySpecialist.com for more information about me and my company. - Visit Anne Barr's Website |
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Joe DagerJoe Dager is President of Business901, a progressive coaching company providing no-nonsense direction in areas such as Lean Six Sigma Marketing and organized referral marketing. What others say: In the past 20 years, Joe and I have collaborated on many difficult issues. Joe’s ability to combine his expertise with “out of the box” thinking is unsurpassed. He has always delivered quickly, cost effectively and with ingenuity. A brilliant mind that is always a pleasure to work with.” - James R. If you want to learn more about Business901, start a conversation with us. We can be found @ Web/Blog: Business901.com Web/Blog: FundingYourNonprofit.com LinkedIn Profile Follow me on Twitter - Visit Joe Dager's Website |
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Linda RichardsonLinda Richardson is the Founder and Executive Chairwoman of Richardson, a global sales training and performance improvement company. As a recognized leader in the industry, she has won the coveted Stevie Award for Lifetime Achievement in Sales Excellence and she was identified by Training Industry, Inc. as one of the “Top 20 Most Influential Training Professionals.” Ms. Richardson is credited with the movement to Consultative Selling and is the author of ten books on selling and sales management, including Sales Coaching — Making the Great Leap from Sales Manager to Sales Coach, and Stop Telling, Start Selling. She teaches sales and management at the Wharton Graduate School of the University of Pennsylvania and the Wharton Executive Development Center. Linda is a frequent speaker at industry and client conferences, has been published extensively in industry and training journals, and has been featured in numerous publications, including The Wall Street Journal, Forbes, Nation’s Business, Selling Power, Success, and The Conference Board Magazine. Learn more about Richardson's sales training and performance improvement solutions at http://www.richardson.com web - Visit Linda Richardson's Website |
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Jay Kubassek(Jay's Full Bio: EvanCarmichael.com/jaykubassek) In five years, Canadian-born entrepreneur Jay Kubassek went from selling mufflers at a Midas franchise to revolutionizing Internet marketing with the 2004 launch of CarbonCopyPRO, a online marketing education company, now worth over $20 million with customers in over 160 countries.
As an independent film producer, his upstart film fund Aliquot Films is currently producing a films with Spike Lee and Abel Fererra (starring Ethan Hawke and Dennis Hopper.)
Jay's entrepreneurial spirit is irrepressible. He’s the owner of five companies, a professional speaker and trainer, international real estate developer/investor, extreme sport enthusiast and emerging philanthropist. Jay resides in NYC with his wife Jamie, son Milo and dog Cooper. Visit Jay's official website: www.JayKubassek.com - Visit Jay Kubassek's Website |
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