Incentive Programs
How do you keep your best employees, distributors, and customers
motivated and loyal? How do you bring the lesser achievers up to
a higher level? It’s a challenge for every organization.
More and more companies are turning to incentive programs to stimulate
a higher level of performance. When you work with Beatty Group we
will guide you through the elements your program needs to be successful.
They include:
Clearly defined corporate goals
What are your company’s toughest objectives?
- Increasing overall sales
- Increasing profits
- Expanding market share
- Rolling out a new product or service
- Developing customer loyalty
- Reduce employee turnover
- Improving customer service
- Promoting teamwork
- Attracting quality people
Compatibility with participant’s personal goals
The program should offer the participants a tangible reward that
gives them extraordinary personal satisfaction as well as “mental”
income in the form of recognition and prestige.
Carefully Structured Rules
The rules should be structured so that the goals are:
• Simple to understand
• Equitable to all participants
• Achievable, but require a stretch
• Designed to reinforce the company’s objectives
Highly Visible Reward
If the reward is travel, it should be a memorable experience and
contain elements that individuals could not duplicate on their own
no matter what the price paid. Travel also offers intangible benefits
such as time with a spouse and an opportunity to mingle with executives
on a social basis.
If the reward is merchandise, there should be a range of highly
sought after items so that something in the product mix appeals
to every participant.
Self-Liquidating Cost
The program budget should be structured so that the cost of the
reward is paid from the incremental increase in profit (via sales
increases or cost savings) generated by the winners. In other words,
the program should provide a measurable return on investment.
No matter what your objectives, Beatty Group has the experience
and creativity to develop a motivation program that will help you
achieve results. We are a full service incentive marketing company
that guides you every step of the way.
Beatty Group - Delivering Your Dreams
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