The Incentive Solutions News blog

OCTOBER 7, 2020

What is incentive pay? Incentive pay can be defined as a type of variable compensation that is awarded to employees when they have completed a specific set of performance objectives. Types of Incentives. Incentives can be broken down into two categories: casual incentives and structured incentives.

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Empuls

DECEMBER 24, 2024

Work incentives are critical for enhancing employee motivation, satisfaction, and productivity. Research indicates that companies with effective incentive programs can see a 25% increase in productivity and a 20% reduction in turnover rates. Personalization fosters a sense of belonging among employees.

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Hppy

NOVEMBER 20, 2024

A case study by Deloitte revealed that companies implementing gamified training programs experienced a 50% increase in employee engagement and a 48% rise in productivity. Furthermore, gamification boosts productivity because employees feel more engaged and motivated, leading to faster task completion and better quality work.

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Empuls

JANUARY 9, 2025

In this blog, we'll talk about the benefits of bonus programs, the types of incentives you can offer, and key aspects to keep in mind while designing an employee bonus program. Let's dive in and see how the right incentives can improve your sales performance! What is an employee bonus program?

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The Incentive Solutions News blog

JULY 20, 2021

Incentive Services to Help Increase Medical Device Sales. Incentive Rewards. Our Incentive rewards inspire motivation in your participants and produce the most ROI for your brand. Incentive Programs. Our incentive programs are strategically designed to help produce measurable growth for your business. Technology.

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Compensation Cafe

MAY 9, 2016

Case #1: [Select an option: IT, Sales, Research, Production] department head is running amok. "We More importantly they often distract you from much more productive triage work when you're in a serious situation. Case #3: "It's been [select an option: 3, 6, 9, 12 months] since we tried to fill that C-suite position.

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Vantage Circle

OCTOBER 18, 2024

Engaged employees are driven to become more productive in their work, boosting overall operational efficiency. By investing in their comfort, you show employees that you genuinely care about their welfare, which, in turn, will boost their morale and productivity. This can improve their well-being during hectic shifts.

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Empuls

NOVEMBER 15, 2024

Employees who feel recognized are more likely to demonstrate motivation, engagement, and loyalty, resulting in higher productivity and a positive workplace atmosphere. Improved productivity: Recognizing and rewarding employees boosts their motivation, leading to increased productivity.

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Bayzat

JULY 15, 2024

Discover how to foster a productive workplace that supports your employees’ health and contributes to the enduring prosperity of your company. By involving team members in the goal-setting process and breaking larger objectives into smaller, manageable tasks, you create a supportive framework that fosters productivity and well-being.

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HR Daily Advisor

SEPTEMBER 19, 2017

Organizations that deliver extraordinary results typically embrace an absolute clarity of purpose and then align essential internal systems, incentives, goals, activities, and functions to achieve it. Align Incentives with the Purpose. Human Resources (HR) was instrumental in supercharging this ethos.

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Engagedly

FEBRUARY 5, 2025

Performance bonuses are an effective link between extrinsic motivation and organizational performance to promote, recognize, and encourage outstanding performance and contributions in an organization. What Are Performance Bonuses? Salesperson exceeding sales targets. Project team completes a project ahead of schedule and under budget.

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The Incentive Solutions News blog

NOVEMBER 4, 2020

When discussing the human psychology behind motivation , it's not uncommon to encounter the school of thought insisting “incentives don’t work.”. Having spent over 25 years studying, building, and managing incentive programs, our team here at Incentive Solutions would have to disagree with that statement. Incentives Work?

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The Incentive Solutions News blog

JUNE 24, 2020

Employee Rewards and Recognition: 10 Incentives that Don't Work. Incentive Rewards. Our Incentive rewards inspire motivation in your participants and produce the most ROI for your brand. Incentive Programs. Our incentive programs are strategically designed to help produce measurable growth for your business.

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Xoxoday

NOVEMBER 21, 2023

One pivotal aspect of this adaptation is the integration of digital rewards and incentives into Black Friday campaigns. The ease of access, coupled with the ability to compare prices and product reviews seamlessly, has propelled online platforms to the forefront of the Black Friday gifting and experience.

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Terryberry

SEPTEMBER 13, 2022

Employee incentive programs aren't a nice-to-have—they're a need-to-have. . And one way to do that is with employee incentive programs. What is an Employee Incentive Program? An employee incentive program is a system designed to motivate and reward employees for meeting business and personal goals. Build your brand.

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Vantage Circle

JANUARY 5, 2024

Agile rewards and recognition are the ultimate change-makers in workplace incentives—they are dynamic influencers of acknowledgment. Continuous feedback helps managers understand employee motivations in real time and iterate incentives accordingly. Get input from employees on designing incentives they want. Did You Know?

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AIHR

AUGUST 15, 2023

An employee recognition program can help your company retain employees, improve productivity and recognize employee performance. In fact, it’s been shown that when larger businesses double their employee recognition efforts, they experience a 9% increase in productivity and a 22% decrease in absenteeism.

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Empuls

AUGUST 27, 2024

Once seen as mere bonuses, perks are now essential drivers of employee satisfaction and engagement. This growing emphasis underscores the powerful impact perks have—not only in attracting talent but also in fostering a motivated, productive, and loyal workforce.

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Bayzat

AUGUST 14, 2024

For instance, the marketing team could share insights on the latest digital trends, while the product development team could explain their design process. A case study of a cross-functional team that collaborated on a project through virtual workshops can demonstrate the successful application of remote learning.

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Hppy

JANUARY 17, 2023

High turnover rates can lead to increased costs, a loss of institutional knowledge, and a decrease in overall productivity. Compensation, including salaries and bonuses, is often one of the most important factors for employees when considering job offers. Retaining employees is a critical aspect of running a successful business.

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Empuls

JULY 26, 2024

  Enhance employee productivity and overall performance.    - For instance, a study by the SHRM found that companies spending approximately 1% of payroll on recognition are 79% more likely to see better financial results.  Understanding the psychology behind it is crucial for maximizing its benefits. 

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Xoxoday

MARCH 22, 2024

In this context, rewards and incentives emerge as powerful tools to help new-age digital companies achieve their goals.    These companies can strategically offer rewards and incentives to motivate and encourage desired customer behaviors, drive engagement, and achieve a sustainable competitive advantage.

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Bonusly

JUNE 19, 2020

That lack of recognition takes a terrible toll on morale, productivity, and, ultimately, profitability.”. Research shows that happiness raises business productivity by 31%. Customers could use our platform to give bonuses with or without real-world monetary value. You need to drive better performance.

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Xoxoday

MARCH 22, 2024

In this context, rewards and incentives emerge as powerful tools to help new-age digital companies achieve their goals.    These companies can strategically offer rewards and incentives to motivate and encourage desired customer behaviors, drive engagement, and achieve a sustainable competitive advantage.

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Hppy

APRIL 17, 2023

High turnover rates can be costly, both in terms of financial resources and the negative impact on team morale and productivity. For companies, it leads to a more skilled and motivated workforce, better performance and productivity, and a competitive advantage in the marketplace.

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Vantage Circle

DECEMBER 14, 2024

Why Employee Engagement Matters in the Mining Industry In the mining industry, where operational challenges are amplified by remote locations and demanding work environments, employee engagement becomes a cornerstone for achieving safety, productivity, and retention. Time Off: Offer extra time off as a thank-you for outstanding performance.

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Empuls

DECEMBER 20, 2024

A workforce that feels valued, appreciated, and recognized will likely remain loyal, productive, and committed to the company’s goals.  Employees appreciate thoughtful gestures that make them feel valued, whether it’s a unique reward, public recognition, or personalized incentives.

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Xoxoday

MARCH 1, 2024

Channel incentive programs have become integral for organizations aiming to boost sales, drive loyalty, and foster strong relationships with their channel partners. When it comes to executing a successful incentive program, leveraging the right platform is paramount.  Why do companies need a channel partner incentive program? 

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Bonusly

JULY 11, 2018

A Vantage Point Performance study found that businesses with effectively-managed sales pipelines grow revenue 15 percent faster than businesses without them. With the right incentives, businesses can keep their pipelines full. Unfortunately, the current incentive system is broken. The solution is to connect sales to purpose.

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Chief Learning Officer - Talent Management

MARCH 30, 2020

For example, consider the following true story: A major venture capitalist, investing millions of dollars on new medical ventures, realized they needed unconscious bias training after they rejected a product designed for (and pitched by) females that was subsequently accepted at another firm, eventually becoming highly profitable.

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The Incentive Solutions News blog

MARCH 19, 2024

Source: Extu case study ) After two years, an average of 75% of enrollees were active. Source: Extu case study ) Open Enrollment After one year, 24% of the enrolled participant audience was active, on average. For incentive and loyalty program emails, you should aim for average open rates around 48%.

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Empuls

FEBRUARY 22, 2024

  Types of rewards for airline-employees Airline employees are often rewarded with many rewards, such as various incentives, ticket perks, world tours, easy access to luxury lounges at airports, flight discounts, and easy access to luxury hotels in the world like Paris hotels and hotels in Dubai.  

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Compensation Cafe

MAY 14, 2018

If you're an HR office of one, busily juggling everything from beneficiary forms to incentive awards, it's hard to believe that you share any pressures with other HR managers. Case background: Healthy Gadgets is a new medical device company with fewer than 100 employees who both research and produce its products.

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Empuls

MAY 29, 2024

   The above-mentioned case study testifies how well recognition plays a role in employee retention and helps scale employee productivity.   This blog will answer this question along with a few interesting case studies that give you an overview of recognition.   

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Rallyware for Human Resources

OCTOBER 10, 2017

Of course, there is a wide range of incentives including bonuses, cash rewards, discounts on company products, and so on. If you want to learn more about the pawTree success story, click here to download the case study with more details and subscribe to our blog below to learn more about smart training.

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Xoxoday

APRIL 3, 2024

An exceptional product won't cut it in today's fast-paced world of digital commerce, where fleeting attention reigns supreme. Cross-selling and upselling :Convincing existing customers to invest in additional products or services requires understanding their evolving needs and offering solutions that provide genuine value.

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AIHR

NOVEMBER 23, 2022

Many might attribute the companies’ product and financial positions to their innovation. Organizational innovation is the practice of receiving and implementing new ideas, strategies, and methods to create new products and services. Create a non-monetary innovation award or incentive. What is organizational innovation?

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