Channel partners are an essential part of business strategy, more so in the current competitive market. With businesses relying on channel partner program as a potential distribution channel, companies need to foster loyalty through brand affinity. When channel partners develop brand affinity they continue working for your organization for an extended period. It will improve…
Month: November 2023
People Science: The Best Way To Design Employee Rewards And Recognition Programs That Work
Employee rewards and recognition programs are essential for companies to retain their talent pool. The current generation of employees doesn’t just work for a paycheck. They expect recognition from employers for their efforts and contributions. Lack of acknowledgement for their achievements can lead to frustration and dissatisfaction among employees leading them to look for better…
The ROI of Employee Recognition: Why It’s Worth the Investment
Getting recognised for the work they do helps employees stay motivated. It increases job satisfaction and encourages them to work harder. It also helps to create a culture of appreciation and recognition, which is essential for any successful team. What is employee recognition and why is it important? Employee recognition is the process of acknowledging…
How To Use Channel Partner Incentive Programs To Promote New Products & Services
Channel partner program involves selling your products, services, or technologies through a third-party sales entity as a way to diversify distribution channels. It is an effective business strategy that requires almost zero investment with massive upside. In order to keep channel partners satisfied, companies organize channel partner incentives to reward their partners for their contributions….
Performance-Based Incentives: The Missing Piece to Improve Sales and Buyer Journey
Machine learning and artificial intelligence (AI) mark the dawn of the Fourth Industrial Revolution, driven by extraordinary advancements in technology. In the competitive landscape of 2023, every sales team strives for growth, efficiency, and enhanced customer experiences. One potent strategy that has consistently proven effective in achieving these goals is implementing performance-based incentives, particularly through…
Employee Recognition: Why, How And When To Communicate
Recognition is not only about employee rewards programs, but it also signifies a human connection between employees and management. It shows that the company notices and values their hard work. When employee efforts are recognized, they tend to be more committed and loyal to the company. It creates a sense of belonging and adds to…
5 Game-Changing Benefits Of A Channel Partner Incentives Platform For GenZ Entrepreneurs
Businesses use channel partner incentive programs to keep their partners engaged and motivated. It helped them build long-term loyalty through rewards and incentives for their efforts as they worked towards business growth. The incentives involved financial rewards, resource access, marketing enablement, and so on. While this has worked in the past, the new generation of…
The Missing Piece Of Employee Recognition: Employee-Led Appreciation Initiatives
A company is the employees and the culture they foster. Content employees in a positive environment boosts productivity and enhances revenue. Unhappy employees, on the other hand, do just the opposite. They bring down morale which leads to lower productivity. One core aspect of creating a thriving culture is appreciating your employees for their contributions….
