Inspired Incentives

Engagement: Top 10 Statistics to Convince Your Leadership Team it's Worth the Investment

Posted by Abby McMillin

Thu, Jul 21, 2016 @ 10:50 AM

Engagement is a top priority for businesses today, requiring a tailored strategy to truly be successful. This buzz word isn't a trend that's likely to go away any time soon. More and more employees want to feel engaged in their work and feel recognized for their success. But let's face it, this is no easy feat, especially if your leadership team doesn't buy into engagement strategies in the first place. Incentive marketing companies and research institutions recognize this challenge and have compiled a comprehensive list of valuable statistic to debunk any skepticism surrounding the effectiveness of incentives to foster engagement.

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Topics: Performance Improvement, Employee Motivation, Incentive Marketing Strategies

Trending in 2016:  Social Loyalty

Posted by Devin Ferreira

Thu, Jul 14, 2016 @ 03:32 PM

“The concept of Social Loyalty has been growing over the last five years, but we predict that 2016 is the year when it will truly take off in terms of our clients.”

The preceding quote comes from Dr. David Cox of Motivforce Marketing & Incentives (MMI), one of the leading minds in global loyalty and recognition programs. According to Dr. Cox, the concept of social loyalty began to evolve once loyalty and channel incentive programs began creating Facebook and LinkedIn pages for their participants to follow and ‘like.’ MMI’s award-winning Know Your IBM program is a prime example of this, with the program’s Facebook page already having gained more than 2000 ‘likes.’

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Topics: Loyalty Programs, Performance Incentives

Incentive Industry Insights

Posted by Devin Ferreira

Thu, Jul 07, 2016 @ 11:30 AM

If you’re a business offering some type of performance improvement program, how can you enhance your offering so that it goes beyond the rudimentary “do this, get that” mentality? Or to put it more simply: how do you offer a better incentive?

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Topics: Performance Incentives, Non-Cash Incentives

Freakonomics and Incentives: A look at what really motivates us

Posted by Abby McMillin

Thu, Jun 30, 2016 @ 11:50 AM

If you haven't taken the time to read Freakonomics by now, do yourself a favor and pick up a copy this weekend. Yes, it's well worth the read. In it's 350-some pages, the book examines life for what it is – simple, yet extremely complex. 

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Topics: Performance Incentives, Incentive Marketing Strategies, Non-Cash Incentives

Performance Incentive Strategies – Financial Services Industry

Posted by Lincoln Smith

Fri, Jun 24, 2016 @ 11:34 AM

When planning a strategy for increasing revenue through a performance incentive program, the client’s industry should always be considered in the design of the program. This is especially important in the healthcare and financial services (banks, insurance companies, mortgage companies, financial loan organizations) industries.  Understanding regulatory compliance as well as ethical standards are critical in developing effective strategies.

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Topics: Performance Incentives, Incentive Marketing Strategies

Don't Let Passports Stop Your Qualifiers from Traveling

Posted by Judy Houhoulis

Thu, Jun 16, 2016 @ 12:30 PM

The long hours are paying off. Your team is excited. Your bottom line is rising as quotas are being met.   Your team has started to imagine their spot on your incentive trip. They’re pulling out suitcases, deciding what to pack, and dreaming about warm sunshine and the cool taste of a tropical libation when they’re stopped in their tracks by the expiration date on their passports!

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Topics: Group Incentive Travel

How Can I Cost-effectively Implement a Global Incentive Program?

Posted by Abby McMillin

Thu, Jun 09, 2016 @ 12:30 PM

Many in the corporate world wonder how they can save money and time when trying to start an incentive program on a global scale. The key to answering that question is to have a partner in your corner who already has a global reach. Teaming up with a 3rd-party incentive company that already has an established global network is one way to help keep costs down in general.
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Topics: Global Incentive Program

Closing the Gap in Employee Recognition

Posted by Devin Ferreira

Thu, Jun 02, 2016 @ 12:30 PM

Recently, The Society for Human Resource Management (SHRM) published a report on job satisfaction. The report included the results of a survey of 600 U.S. employees that was conducted between November and December of 2015. What’s interesting from a performance improvement perspective is that one of the key measurements in the survey involved employee recognition in the workplace. More specifically, it looked at whether or not and to what degree U.S. employees were satisfied with their management’s recognition of their performances, as well as how important this feature of their job was to them. 

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Topics: Employee Motivation

The Ins and Outs of a Successful Loyalty Program

Posted by Abby McMillin

Thu, May 26, 2016 @ 12:30 PM

As any company with a focus on customer loyalty knows, the way you keep people coming back time and again is by offering tangible benefits. While running a loyalty program can be done in-house with the proper resources and guidance, there are also many benefits to hiring a third party.

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Topics: Loyalty Programs

How To Predict The Future (Of Your Incentive Program)

Posted by Devin Ferreira

Thu, May 19, 2016 @ 12:00 PM

We’ve talked at length on our website about the ability of analytics to improve your existing incentive programs. We’ve also identified the 4 major phases of the analytics process, and described some of its mechanisms. Now I want to focus on two of these phases—which we call, respectively, the “Exploration” and “Envision” phases—and illustrate how predictive business analytics can help set your program up and facilitate its success. 

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Topics: analytics

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