Why Non-Cash Incentive Programs?

October 5, 2023 by

In today’s uncertain economy and labor market, leadership teams may not recognize the value of non-cash incentive programs. With hiring down 40 percent from a year ago and layoffs continuing to make headlines, the workplace and workforce continue to evolve – and this is true for virtually all industries.

QIC’s John Newman, writing for Salesandmarketing.com, makes a strong case for the value of non-cash incentive programs as an effective long-term survival strategy. As the Incentive Research Federation (IRF) has reported, companies that incorporate employee incentive and recognition programs as part of their compensation and engagement strategies have seen productivity increases of 22 percent.

Additionally, the Harvard Business Review reported that successful incentive and recognition strategies led to an average increase in revenue of 44 percent. These incentive programs are designed to improve employee engagement, because companies with high employee engagement experienced an average return on assets over 2-1/2 times higher than those with low engagement.

Why non-cash incentive programs for employees? They provide a way to invest in your workforce and have proven to be one of the most effective ways to thrive during challenging and changing times. For the rest of the story, check out John’s article – Incentives Are an Investment, Not a Cost.

Delivering Recognition for America’s Professional Truck Drivers

September 15, 2023 by

When it comes to professional truck drivers, they are like a lot of things in life – taken for granted. Perhaps you’ve never considered how much we depend upon America’s drivers for almost all our essential goods and resources. In recognition and appreciation of drivers and their dedicated service, September 10-16 has been designated National… Read more »

A Leader’s Guide to Fostering a Healthy Team

August 17, 2023 by

As we continue to tread the waters of the 2023 job market, business leaders must embrace an important task: how to manage their teams in an uncertain economy. The focus on team dynamics has never been more crucial than it is now, and a healthy team fosters productivity and enhances job satisfaction. As the modern… Read more »

The Motivation Equation

July 31, 2023 by

The motivation of recognition and incentive program participants is at the core of any HR or sales & marketing solution. After all, the goal of recognition and incentive programs is to reinforce existing attitudes/behaviors and bring about new levels of engagement and performance. Obtaining desired outcomes (and being able to model ROI) is determined by… Read more »

Boosting Employee Morale One Step at a Time

July 26, 2023 by

Disengagement and lack of inspiration lead to low employee morale – the “silent killer” of the workplace. Low employee morale negatively affects atmosphere and culture, and subsequently decreases productivity, growth, and engagement. Additionally, as morale and engagement decrease, employee burnout increases.  In Lattice’s State of People Strategy Report 2023, data shows that 72% of employees… Read more »