Inspired Incentives

Devin Ferreira

Recent Posts

Your 3 Group Travel Options

Posted by Devin Ferreira

Tue, May 15, 2018 @ 10:11 AM

Over the years, we’ve talked a lot about group incentive travel.

Why? Because we believe that travel is one of the best drivers of performance there is and that when it’s done right, an incentive trip can be a true differentiator for you among your competitors.

We’ve come at this topic from a variety of angles, because when it comes to group incentive travel, there’s always a lot to consider.

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Topics: Group Incentive Travel

The Debate Is Over: Incentive Programs Bring Tangible Value

Posted by Devin Ferreira

Mon, May 07, 2018 @ 10:30 AM

“There is little debate as to whether rewards work to promote productivity.” - Incentive Research Foundation.

The Incentive Research Foundation (IRF), the leading research apparatus of the incentive industry, recently released the results of an exciting new study that focused on the total value offered by incentive award programs.

According to the study—titled “Award Program Value & Evidence” and serving as part one of a two-part series—organizations that offered award programs saw a significant gain (22% on average) in performance when compared with those companies that didn’t offer them.

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Topics: incentive programs

2 Major Alternative Funding Methods for Your Incentive Programs.

Posted by Devin Ferreira

Fri, Apr 13, 2018 @ 03:08 PM

Do alternative funding models exist for performance incentive programs?

According to the Incentive Research Foundation (IRF), the average per-person cost of an incentive program is just shy of $4,000.

What’s more, 60% of respondents to the recent IRF study also claimed that costs are rising faster than budgets, leading the IRF to reasonably conclude that cost pressure is becoming one of the top ongoing constraints for incentive programs.

With cost continuing to be a concern for program planners, it’s fair to wonder if there are any best practices out there that might mitigate these concerns by requiring a smaller slice of a company’s budgetary pie.

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Topics: incentive programs, funding

3 Incentive Strategies You're Not Thinking Of

Posted by Devin Ferreira

Thu, Apr 05, 2018 @ 02:00 PM

I’ve always disliked the proverb, “there’s more than one way to skin a cat.”

Whether or not you’re an animal lover, you have to admit it’s a pretty gruesome way to describe an otherwise benign idea: the idea that there’s more than one way to get a job done.

What is perhaps even more surprising than the origins of the original saying, is that this obscure and outdated reference doesn’t seem to have been properly updated to fit these modern times. How about:

“There’s more than one way to order a Big Mac.”

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Topics: Employee Motivation, Channel Incentives, Customer Loyalty

3 Group Incentive Travel Destinations You Haven’t Considered

Posted by Devin Ferreira

Thu, Mar 15, 2018 @ 02:09 PM

Imagine that you’re planning an incentive trip for yourself and 20 of your top customers or employees. Where would you go?

I could say that money isn’t a factor, but of course it is, so your choice would need to consider a somewhat limited budget (for the sake of the thought experiment, we’ll suggest the average incentive budget of around $4,000 per-person).

Now, you could choose a bucket-list destination, like the Galapagos Islands or a safari in Kenya, but these, while admittedly amazing, probably come with a price tag above what you’re willing to pay.

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Topics: Group Incentive Travel

The Top 4 Incentive Travel Mistakes and How To Avoid Them

Posted by Devin Ferreira

Tue, Feb 20, 2018 @ 03:03 PM

Most of us have been there: you’ve planned a trip that you’re really excited about. You consider yourself to be a prudent, fairly organized person, so, thinking ahead, you’ve created a brilliant itinerary to make the most of your limited vacation time.

You feel like you have the perfect balance of active and leisure time, and you’ve even built in an experience of the local culture to help you broaden your horizons and appreciate something you know you won’t find back home.

Now all you need to do is stick to the plan and everything will work out just as you expect it to.

But then your flight gets delayed, or it rains on your day of leisure.

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Topics: Group Incentive Travel

Know Thy Participants: Why Group Demographics Are a Real Difference-Maker

Posted by Devin Ferreira

Tue, Feb 06, 2018 @ 10:02 AM

Let’s play a game. Take a look at the following three personality profiles:

Part 1: Participant Profiles

1) Tony is a 45-year-old independent contractor from Pittsburgh.

He has a wife and two kids. He earns between $50,000-$60,000 a year, and he loves the Steelers and Penguins.

Tony owns a small boat, and during the summer, he and his family rent out the same lake house and spend two wonderful weeks swimming, water skiing, and enjoying the great outdoors.

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Topics: reward options, demographics

Why a DIY Reward or Incentive System Can Be Your Happy Medium

Posted by Devin Ferreira

Tue, Jan 30, 2018 @ 09:29 AM

Is it just me, or does it seem like we’ve entered the golden age of Do-It-Yourself (DIY) solutions?

When we face a problem or challenge, or have to deal with something even vaguely unfamiliar, what’s the first step that we usually take? Do we call up an expert and ask them for help, shelling out an uncertain amount of money in the process?

No, chances are if you’re like me, and your garbage disposal breaks, you’ll immediately turn to Google to find out the source of the issue, followed by YouTube to see how to fix it. If, and only if, this proves to be more time or effort than you’re willing to devote to the problem, will you seek out a local plumber (with satisfactory reviews on Yelp).

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Topics: incentive programs, DIY

The 2018 Incentive Outlook

Posted by Devin Ferreira

Mon, Jan 15, 2018 @ 08:15 AM

What does the future hold for incentive programs?

Based on research conducted by the Society for Incentive Travel (SITE) and the Incentive Research Foundation (IRF), the outlook for programs in 2018 seems to be mostly positive.

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Topics: Incentives in 2018

Ensure Incentive Success With...

Posted by Devin Ferreira

Tue, Dec 26, 2017 @ 10:01 AM

In our previous blog, we offered some advice on how to choose the right incentive program for your organization. This included determining your goals and your audience.

But if you are thinking about implementing an incentive program, whatever you decide on—whether it’s a sales incentive program for your highest performers, a customer incentive program that targets your Middle 60% of customers, or something else—one common element that remains essential no matter the program type is... drumroll please... 

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Topics: incentive programs, marketing