Diwali, one of the biggest festivals in India, brings with it a much-needed hope and optimism to businesses. Regardless of how the market was throughout the year, Diwali is when companies clock record sales, especially with the help of channel partners. These partners get either a commission for every sale or a cut in revenue…
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Creating a Memorable Diwali Gifting Experience: Tips for HRs
Diwali – the festival of lights is one of the grandest celebrations in India. These celebrations are marked with the joy of giving and sharing. Giving gifts during Diwali helps create emotional bonds between givers and receivers. In the corporate world, Diwali celebrations help to foster a sense of belonging and loyalty between employees and…
6 Meaningful Diwali Gifts For Your Employees
Diwali is a time of joy, celebration, and togetherness. In the corporate world, it’s also a moment to show employees how much they are valued. Along with the traditional bonuses, Diwali gifts have become an important part of fostering goodwill and building stronger relationships within the team. For many employees, these gifts and bonuses aren’t…
The Ultimate Guide to Diwali Channel Partner Incentive Programs
Gaining a competitive edge in a tough market requires businesses to maximise every sales opportunity. Since most companies rely on channel partners, incentive programs are crucial in boosting sales. However, implementing a generic program will not give you the desired results. In a shocking study by Forrester, it was disclosed that just 5% of channel…
Festive Incentive Ideas to Drive Channel Partner Success This Season
In today’s competitive landscape, business relationships have evolved beyond simple transactions. Building lasting business associations require trust and loyalty. With companies generating significant revenue share through channel partners, effective engagement with them is essential. Luckily there is no better time than Diwali to enhance your channel partner experience through a festive incentive program. Since the…
How Diversifying Reward Options Can Lead To Enhanced Engagement With Channel Partners In The Tyre Industry
The tyre industry in India is heavily driven by a strong distribution network dominated by channel partners. While the channel partner program is an important piece of large sales strategy for companies across industries, it becomes an essential source of revenue for tyre manufacturers. A majority of sales occur through replacement cycles, which require deeper…
How To Measure Channel Partner Loyalty Programs
Channel partner loyalty programs are a cost-effective strategy to boost your sales number and improve your brand’s reach, but it does come at a cost. To ensure that your investment is being utilized to its fullest potential, you must measure how your funds are distributed between channel partners and who is filing for rewards. Below…
HR Guide To Performance Appraisal 2024
For HR leaders, performance appraisal is a fantastic opportunity to reiterate a culture of support, recognition, and guidance. Both employees and employers approach it from different perspectives. For employees, it signifies the outcome of all their hard work. For employers, on the other hand, performance management is an opportunity to steer employee performance and productivity…
10 Things To Do In 2024 For Employee Recognition
Employee recognition is a strategic tool that companies can utilize to drive business growth by motivating employees to increase productivity. However, employees must be rewarded with just the right programs to achieve that. For a long time, HR leaders have been following templatized programs that fail to excite or create any value. Employers must pay…
