Putting a process in place to monitor your employees’ hard work and motivate them to continue to deliver for your business is an integral part of ensuring they perform. However, this can be difficult and time consuming to do in-house. For this reason, many businesses opt for a partnership with a company which has experience in offering rewards and incentives.
Deciding on this sort of relationship is a big step for businesses to take, so finding the right business to partner is hugely important. Not only to make sure you assign your budget to an activity that will be cost effective, for instance, but also to ensure it betters your employees and provides the results you want.
FlexibilityYour incentive partner needs to be adaptable. They should offer incentives that reflect the needs and desires of your employees and provide ways to motivate them to achieve higher levels of performance.
A one-size-fits-all approach might not necessarily work. You also need your incentive partner to be flexible enough in their approach to find the rewards and incentives that will get the absolute best performance out of your team.
This could mean offering a range of awards to appeal to different demographics within your team. Or, it might mean having a range of tactics at their disposal to execute an effective incentive – from engaging hype days to robust reward redemption platforms.
Effective managementYou need to have faith that an incentive which your partner puts in place will be effective. This starts with effective management, from the type of platform that’s put in place, to the marketing you use to drive engagement and draw attention to your incentive, to the reward on offer at the end.
You should have maximum visibility of everything that is happening at each stage of your incentive – from monitoring uptake and engagement, to accurately assessing the results your incentive generates.
TrackingThe right tracking can help you understand that your incentive is working. Your incentive partner should help you identify the key statistics and KPIs necessary to track success.
They should also utilise a platform which allows you to monitor progress, from total sales and team performance to more granular statistics, allowing you to identify individual achievement. This can help you to identify your top performers, but also assess how close sales teams or employees are to reaching goals and achieving different incentive rewards.
Proven track recordYou need to be fairly certain that your relationship with your incentive partner will deliver the results you want. Case studies and client success are good indicators of the work a partner has done. They can also show how effective their programs have been for other businesses, in your field and beyond.
Choosing the right incentive partnerFinding the right partner can be a major boon to your business. Not only can you draw on their experience and skills to launch effective employee incentives. You can also forge a relationship which helps you continually drive stronger performances from your employees.
At CR Worldwide, we can quickly design, launch and optimise powerful incentive schemes for your business. This can drive employee performance and engagement and help to generate increased sales. Our programmes are:
Easy to implement — They can be tailored to suit your business needs and goals, meaning you can be ready to implement an incentive scheme quickly.
Easy to use — They are designed so that they’re easy to understand and use. This allows employees to easily work towards their reward targets, track their sales, and compete with other businesses.
Easy to manage — They offer real-time reporting in participation with ROI and budget management. This means you can effectively manage, organise and track your team’s performance, set rewards according to your budget, and get the most value out of your incentive scheme.
We’d love to help you engage, motivate and inspire your employees with our innovative sales incentive services. To speak to a member of our award-winning team contact us.
