Inspired Incentives

3 Productive Ways to Burn Your Year End Budget

Posted by Devin Ferreira

Tue, Dec 05, 2017 @ 10:01 AM

We’ve all been there: the year is drawing to a close, you still have some leftover cash reserves in your departmental piggy bank. You’re starting to worry that if you don’t end up spending it all, your department’s unused budget will get slashed the following year.

After all, your organization might reason, if you didn’t use the money this year, why on earth would you need the same sum next year?

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Topics: End of the Year

Don’t Succumb to the End of the Year Push

Posted by Chris Largent

Tue, Oct 17, 2017 @ 10:31 AM

It’s that time of year. The leaves are starting to turn that rusty orange, the days are getting darker, and your Q4 sales goals are coming up quick. You’re not alone. Many companies will be rushing to achieve their revenue marks for the year. But at what cost?

One Harvard Business Review article states that in order to hit the high expectations for deals during this time of year, “sales reps give better terms to customers who wait until the last minute – with both sides knowing they can rely on dropping prices and a sure closing…”

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Topics: eLearning, End of the Year

Wrap Up Your Year with Individual Rewards

Posted by Devin Ferreira

Wed, Oct 11, 2017 @ 10:03 AM

As the year winds down to a close (already?), you may have some top performers who deserve more than just a bonus. But how can you say thanks in a truly meaningful way? One of the best ways is through individual rewards. First, let’s lay out some scenarios to make sure you fit the ticket.

 

Scenario A: An employee of yours has been working tirelessly all year to meet deadlines, boost sales, think strategically, and trouble-shoot when necessary. You’ve noticed that they’re often the first one into the office and one of the last ones to leave. You can’t remember the last time they missed a day of work.

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Topics: Individual Rewards, End of the Year