A Cashless Society? In the world of incentives, it pays to go cashless
The phrase “Cash is king!” has been repeated enough in modern vernacular that it could qualify as a cliché. But while there may be some truth to this adage in dealing with areas like finance and real estate, it’s a poor philosophy when designing incentive programs.
Points Programs: Sticking with what works
Think about your routine on any given day: You might go to work, get an oil change, hit the gym and take in a movie. By the time you go to bed, you’re likely to have racked up a tidy sum of points for your engagement and patronage with various entities over the past 24 hours.
No Merit to Millions
At some point in recent years, “more” became associated with “better,” at least in the view of some consumer-focused companies. Whether they’re pondering a restaurant menu, the spaghetti sauce aisle or paint chips, people are being presented with mind-boggling array of choices.
Countering the High Cost of Turnover
The pain of turnover is deeper than the inconvenience of having to hire and train. Few employers realize the true financial impact of employee turnover because its costs, outside of advertising and outside training, usually aren’t identifiable line items in the firm’s income statement.
The Art and Science of Motivating Employees
While many large corporations utilize formal goal setting and employee performance review plans to motivate employees towards the overall company goals, the question remains as to whether goal setting in small to mid-sized organizations is as effective and/or necessary to achieve organizational success.