Rewards play a huge role in employee morale. Learn modern strategies for spiffs, experiential rewards, and how to handle President's Club.
During this session our amazing speakers Kevin Yip, COO & Co-Founder at Blueboard, and Chris O'Connor, Head of Sales Development at Ambition, share best practices for rewarding employees in the new, post-COVID work place.
Key Themes -
The future of SPIFFs (and debunking the idea of coin-operated sales reps)
Memorable experiential rewards & incentives that work
President's Club - how to adapt your plans (spoiler alert - don't cancel it)
Key Takeaways -
Sales managers give out cash and gift cards because it's easy - don't take the easy route and instead take the time to make their incentive personal.
The best way to communicate your recognition program depends on your company culture. The way you execute the company-wide announcement is crucial to employee engagement.
When considering alternative President's Club plans, keep in mind that 1) it has to be timely, and 2) it has to still feel like an exclusive club, and 3) it's experience-driven.
Allow your winners to have the option of choosing their reward.