In the last two years, the business world has undergone an unprecedented change. The pandemic not only affected the workplace but also acted as a catalyst, expediting the pace of change in all aspects of its operations. As the business world is rapidly changing, employee recognition and rewards are no exception. We have seen how…
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Every Startup’s Guide to Employee Rewards and Recognition
While employee recognition is essential in any organization, it is especially a key element in a startup. Due to the numerous opportunities for learning and exposure to modern technologies, startups are the most exciting places to work for today’s young professionals. However, it is also well known that most startups have small teams where employees…
Discover Top 4 Great Employee Retention Strategies
Is employee retention a concern for your company? If it is not, it should be. Do you know that approximately 82% of employees plan to quit their jobs in search of a better opportunity. This type of turnover is extremely costly. According to some estimates, replacing an employee who quits can cost an employer twice…
Avoid these 4 Common Sales Incentive Mistakes
Even though incentive programs have been shown to be beneficial, organizations frequently fail to fully utilize them due to a lack of understanding of how to design properly constructed programs that produce the desired results. Managers and team leaders can avoid common mistakes by being aware of them right on time before they become obstacles…
Smart Methods to Incentivize Your Partners for Selling Your Product
When looking to grow your marketing and sales efforts indirectly, a partner rewards program is a great idea. Choosing appropriate partners can help establish brand credibility and expand your reach without breaking the bank, and it’s a great way to expand your network beyond your own circles. In addition, implementing a rewards and incentives strategy…
Discover the Benefits of Rewards and Recognition Program
Business development is unquestionably a process guided by innovative strategies and marketing strategies. However, it is important to remember that it is primarily speeded up by the enthusiasm of employees. You will perform poorly as an organization unless and until your employees are not engaged. Employee engagement is the key point of any business. That…
How does the Strategic Sales Incentive program improve your sales team’s performance?
The sales team is a core part of every firm that drives revenue, and they are often the first point of contact between clients and your business. Salespeople with in-depth product knowledge and great interpersonal skills can inspire potential customers to buy your products and become loyal customers. However, often salespeople want an extra push…
How to Align Channel Incentives to Partner Personas?
Partner incentives are key to coordinating your ecosystem for efficient channel management. With well-executed partner incentives, your organisation can promote the ideal partner behaviours and increase channel sales. Implementing a channel partner incentive program is not a one-size-fits-all solution. Your incentive strategy and implementation are driven by your partner and co-selling objectives. Optimizing your ecosystem entails aligning your partner…
Top 5 Channel Partner Performance Metrics to Monitor
Tracking your channel partners’ success might feel a bit like peering into a crystal ball. This is frequently caused by a lack of data and information. In certain circumstances, you may have the data, but it is difficult to work with. Channel program is a large investment with the potential for a large payout, however, to…
