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Incentive programs: what they are and types

If you want to keep your company’s employees happy and motivated . Create a series of personalized incentive programs for each work team (sales agents, distributor network, employees, etc.). With these, you will keep everyone loyal and happy.

At Galanta we bring you this article so that you can learn about all the types of incentive programs. That exist and implement them in your company .To improve employee motivation and give them a sense of belonging.

What is an incentive program?

An incentive plan or incentive program is a strategy planned and developed by the company . Whose function is to seek the commitment and involvement of all internal and external collaborators gaming for sporting events  of the company through gifts, promotions, flexible schedules, games and much more.

These are the benefits of a company having incentive programs:

  • Greater employee motivation : keeping employees motivated fosters a good atmosphere and helps build healthy relationships between colleagues and between colleagues and the boss.
  • Improved and increased productivity : the more motivation there is,the more productivity grows. Tasks are performed more effectively and efficiently.Work is done to achieve cell phone database objectives and the desired rewards are obtained.
  • Healthy competition: Healthy competition refers to setting goals where employees work together to successfully achieve them.
  • Loyalty: Because employees are taken into account and offered interesting incentives that are in line with their tastes and needs, their loyalty to the company grows.

Types of incentive programs

Depending on the profile, one profile or another will be more advisable.

Incentives for the sales channel

Related to restaurant products or drinks, an example would be to encourage the HORECA channel . The objective of the incentive plans and programs in this sector will be to motivate hoteliers to recommend your brand and make it the number one in sales in the establishment.

Not only should the characteristics of the establishment be taken into account.

Incentives for the commercial network

Normally, sales professionals have a variable remuneration depending on the sales objectives they have achieved. To improve, it is advisable to offer them a plan that encourages book your list  competitiveness. Motivates and incentivizes them.

Sales network incentives

A very clear example is car dealerships.Where employees earn a bonus for every certain number of sales. Gamification can also be useful here.

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