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…
Leveraging Rewards and Recognition Programs to Enhance Mental Health
The COVID-19 pandemic year has been challenging for everyone, especially employees. People who had jobs were worried about job insecurity in addition to the illness and the isolation it caused. Many businesses throughout the world are being forced to lay off the bulk of their workforce; therefore, such concerns about being laid off are legitimate….
5 Ways to Reward your Channel Partners this Diwali
Keeping channel partners motivated from time to time is a challenging task as happy channel partners are equal to a business’s overall success and brand projection. While the year-end bonuses have their own perks, making your dealers and distributors feel valued from time to time is also necessary. And when it’s the festive season, rewarding them with the best gifts would definitely count for their impeccable growth. Bringing…
