Incentive Cache ™ identifies six strategic categories of motivational incentives.
Incentive Cache ™ motivational profiler pinpoints individual's motivational hot buttons, identifying financial and non-financial incentives that employees are passionate about. Using these motovational hot buttons, managers can drive front-line activities by linking them with performance-based incentives.
A ten year research study by Jackson Organization of healthcare professionals provides indisputable and startling results (below). 26,000 employees from 31 organizations participated in the study which demonstrates the financial payoff between organizations that effectively recognize employees and those that do not.
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Recognition Rating
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Return On Assets
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Operating Margins
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Return On Equity
|
|
Highest Rating
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6.1%
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6.6%
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8.1%
|
|
Lowest Rating
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1.7%
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1.0%
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2.4%
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Effective recognition is no longer optional. It is a competitive tool driving success.
Incentive Cache ™ enables management to:
- Direct and align employee effort where it is needed most
- Increase skill and initiative
- Ensure accountability
- Drive financial results
It’s not just managers recognizing employee achievements; it is people recognizing people for very specific contributions tied to results.
Different things motivate different people. Motivational profiling allows managers to quickly and effectively identify individual motivational hot buttons for each employee. The result is you get what you reward.
Employees work hardest when their work effort connects to their personal lifestyle wants and needs. Linking strategic objectives and goals with individual work efforts and personalized incentives creates commitment and loyalty.
An incentive survey identifies the types of incentives that reward staff excellence, performance, innovative ideas, and taking on new job responsibilities. Linking incentives with business objectives accelerates business success.
Managers learn to use measurable goals and recognition to expand performance without adding cost.
Examples of incentives include:
- Extra Vacation Time
- Flex Time
- Designated Parking Space
- Advanced Training
- Special Assignments Of Interest
- Recommendation Letter
- Public Praise
- Achievement Awards
- Sincere Appreciation
- Designated Expert Status
- Extended Insurance Benefits
- Matching 401k Contributions
- Theater Tickets
- Expanded Health Plan
- Company Coffee Mug
- Monogram Shirt
- Airline Ticket Voucher
- Luxury Pen Set
- Crystal Clock
- Pay Raise
Non-financial incentives lower cost and increase management’s control over individual performance. Incentive Cache™ gets managers and employees to think like owners.