The Incentive Solutions News blog

AUGUST 26, 2021

When you're creating sales incentive plans for the medical devices industry, you need flexibility. With the right set of technology, services, and expertise, a sales incentive plan can yield long-term, scaling results. Take advantage of tools that capture sales data. How do you do that?

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The Incentive Solutions News blog

JULY 20, 2021

Incentive Services to Help Increase Medical Device Sales. Incentive Rewards. Our Incentive rewards inspire motivation in your participants and produce the most ROI for your brand. Incentive Programs. Our incentive programs are strategically designed to help produce measurable growth for your business. Technology.

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Astron Solutions

SEPTEMBER 28, 2021

In 2020, the projected percent paid left a gap on average when compared to the percentage budgeted for variable pay programs in most employee groups. Annual performance bonuses this year, based on 2020 performance, were awarded by 91 percent of responding companies, up from 76 percent of companies that awarded them last year.

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HRsoft

JUNE 13, 2019

There are many ways to incentive performance in an organization. Typically grouped together under the umbrella term “pay for performance plans,” employers may choose among merit programs, bonus options, and individual or team incentive plans. Below is a brief description of each. Which is Right for Your Company?

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Terryberry

MARCH 17, 2023

Have you considered implementing a sales incentive program but don't know where to start? Sales incentive programs are a multibillion dollar industry in the US, and when done right, can be a powerful tool to engage and motivate your team. What is a Sales Incentive Program? Well, you're in luck!

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Payactiv

MARCH 22, 2022

We built this page with you in mind – use it as a learning tool, reference page, and more! We have compiled the latest stats, arming you with all the data you need to make informed decisions when looking at your hiring plan. Healthcare systems are experiencing double-digit turnover rates and difficulty recruiting.

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Decusoft

JUNE 23, 2021

Incentive Structures. Incentives have always played an important role in helping to motivate employees, especially in the last few years as competition rises and more businesses are facing uncertain circumstances. The choice between individual performance incentives and team incentives is a deciding factor for many businesses.

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Empuls

SEPTEMBER 29, 2023

Lack of recognition or incentives When achievements and hard work aren't recognized or rewarded , it can decrease motivation and job satisfaction. Explore our employee rewards platform for call centers to see how tailor-made incentives can reshape your team's enthusiasm and commitment.

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Terryberry

FEBRUARY 12, 2024

Failed incentive programs waste your company's time, money, resources, and trust. Incentive programs are supposed to incentivize employee motivation and productivity while providing a big "thank you" from the business. However, not every incentive hits the mark. But why do some employee incentive programs fail and others don't?

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Decusoft

JUNE 24, 2021

Employee retention and growth are the most common reasons for implementing incentive compensation plans, but they can also be used to increase sales, employee recruitment, customer loyalty, commitment, and to fulfill business objectives. Financial Incentive Plan Design. Individual Incentives vs. Group Incentives.

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Planning Tools Bonuses and Incentives Interview Software Recruiting Software 52

Compensation Force

OCTOBER 18, 2022

Incentives remain one of the most powerful, and yet also one of the most misapplied, management tools out there. While research has shown that group incentives can deliver significant return on investment, evidence abounds that our incentive design and implementation efforts often misfire or fall short.

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Primalogik

MARCH 2, 2023

Performance management tools have become essential to HR operations. These solutions belong in every HR toolkit. With the right software , companies can offer their employees a new level of support and a greatly enhanced employee experience. What are the best types of tools for my company? How does this work?

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Homebase

JUNE 23, 2023

Forget the notion that you can’t rush someone who gets paid by the hour, because incentive pay has the remarkable ability to fuel motivation like nothing else. While it may sound like a dream, it can be your reality with the right incentive pay program. What is incentive pay?

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Kazoo

JANUARY 8, 2019

Looking for new ways to engage your team with the Kazoo platform? We’ve compiled a list of our favorite holidays you and your employees can celebrate with our Rewards & Recognition platform. January Holidays and Incentives. February Holidays and Incentives. March Holidays and Incentives.

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Kazoo

JANUARY 8, 2019

Looking for new ways to engage your team with the Kazoo platform? We’ve compiled a list of our favorite holidays you and your employees can celebrate with our Rewards & Recognition platform. January Holidays and Incentives. February Holidays and Incentives. March Holidays and Incentives.

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The Incentive Solutions News blog

AUGUST 3, 2021

You may also be competing with a small handful of large suppliers who offer a broad range of products, or smaller, upcoming companies specializing in innovative new technology. The sales reward services and technology you use can make a vast difference in your reward program’s performance. Long-term Lifecycle Planning.

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Analytics in HR

JUNE 3, 2024

Passive candidates aren’t found via sources like job postings or active job search platforms. This means you can easily approach them via platforms like LinkedIn job boards, career websites, or job applications. Develop a sourcing strategy: Create a plan to source and attract candidates.

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Analytics in HR

JUNE 13, 2023

Are you looking to create a sales compensation plan for your company? Because sales compensation plans play a vital role in attracting and retaining top sales talent, HR needs to know how to design a competitive and appealing compensation structure that offers attractive incentives and rewards to drive performance and sales results.

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ExactHire

FEBRUARY 24, 2022

Create a comprehensive anti-discrimination training plan using how-to videos and assessments to ensure understanding. Avoid claims of hiring discrimination by using applicant tracking software (ATS) to thoroughly log hiring decisions. Create a diversity plan in your hiring process. Create a career development plan for employees.

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Replicon

AUGUST 10, 2023

So, businesses that are in search of cheaper solutions choose this model as it allows them to reduce their operational costs and improve service quality. This type of outsourcing solution is used by large companies that look for the best service quality for different areas of their business.

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CoreCentive

SEPTEMBER 13, 2023

Channel incentive programs play a vital role in driving sales, fostering brand loyalty, and building strong relationships with channel partners. These programs offer an array of incentives, rewards, and benefits to motivate distributors, retailers, and resellers to promote and sell a company’s products or services.

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Achievers

MAY 17, 2018

Too often in human history, this meant that people with less power were simply compelled to work, and incentives — if they existed — consisted merely of being allowed to survive. After several evolutionary waves, we have a deeper insight into what truly motivates people, and today’s incentives are about far more than compensation.

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Bonusly

JUNE 15, 2021

This is where a well-designed employee incentive program comes in. How can you get your employee incentive program rolling? What is an employee incentive program? There are a few different ways to define an employee incentive program—which can get pretty confusing. However, they’re not an incentive for performance.

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Best Of HR

APRIL 20, 2023

To help you explore innovative retention bonus ideas, we reached out to a diverse group of professionals, including CEOs, founders, and marketing directors. Ultimately, providing flexible work options as a retention incentive benefits individuals and businesses. What Are Some Retention Bonus Ideas?

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Netchex HR Blog

APRIL 13, 2023

Check out our tips for setting, measuring, and tracking employee goals with the help of HR technology: Develop SMART goals The first step is setting the right kind of goals. Achievable: Optional stretch goals can have bonus incentives attached, but SMART goals should be realistic without relying on extreme effort or luck.

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HR Software Planning Tools Bonuses and Incentives Compliance Training 98

Decusoft

MARCH 4, 2021

Annual incentive compensation programs represent an enormous opportunity for motivating employees and executives to do their best work. In this blog post, we discuss annual incentive compensation including recent trends, policy changes among shareholder advisory groups, and challenges compensation committees face.

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Compensation Cafe

APRIL 10, 2023

Are your incentive plans designed to support or defeat your organization's business strategy? As Christensen notes, the CEO thought he was providing clear instructions to the salesman, but the sales compensation system was shouting the opposite into the employee's other ear. It's a fair question.

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The Incentive Solutions News blog

JUNE 22, 2021

The right channel technology and tools can help you drive behaviors and collect sales data. A channel partner incentive program, for example, accelerates your sales and marketing strategies by powering them with motivation, brand value, and personalized experiences. Here are ten examples: Customer Loyalty Plans.

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The Incentive Solutions News blog

OCTOBER 7, 2021

An incentive program can help you protect your business from unanticipated hardships, along with boosting market share growth with a solid competitive advantage. In this article, I’d like to highlight four strategies that position your incentive program to help you grow market share. Implement your incentive program with an ROI focus.

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15Five

APRIL 21, 2022

A Total Rewards Statement is a tool for summarizing and communicating the value of an organization’s total rewards offering. bonuses, commissions) Long-term incentives (e.g. bonuses, commissions) Long-term incentives (e.g. equity, stock options) Other compensation. equity, stock options) Other compensation.

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HRsoft

MAY 16, 2024

Executive compensation is a complex subject that includes many different components of compensation like incentives and benefits. For example, an executive may have their annual incentive or bonus tied to different facets of business performance or profitability. Bonuses can be paid out in cash or stock options.

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Affinity HR Group

DECEMBER 19, 2019

With 2019 over and at the dawn of a new decade, it’s an ideal time to think about bonuses for 2020. Discretionary Bonuses. Discretionary bonuses are just what the name implies – bonuses given at an employer’s discretion. Discretionary bonuses are more common in smaller organizations that do not have more formal programs.

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Terryberry

NOVEMBER 30, 2020

If you are in the business of motivation and engagement like I am, you know that travel has long been a tool to incentivize employees and sales channel partners to perform at their highest level. Special group travel events are often used to recognize the “best of the best” for their annual contribution to the organization.

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Analytics in HR

SEPTEMBER 18, 2023

In the ever-evolving world of human resources , countless tools and strategies can help you maximize efficiency while keeping staff morale high. From comprehensive benefits to AI talent retention solutions, these cases paint a vivid picture of HR in action. Virtual platforms for early career talent attraction 6.

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HiBob

OCTOBER 24, 2023

HR initiative examples Below you’ll find some examples of innovative HR initiative ideas as inspiration to reach your own HR goals : Referral bonuses Recruitment is a challenging aspect of HR. Because referrals are so beneficial, some organizations encourage the practice by establishing referral bonuses. Create an action plan.

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cipHR

MAY 4, 2022

Paid sick leave tops the list of benefits and incentives that matter most to British employees , according to new research by HR and payroll software provider CIPHR. Health insurance or cash-back plans (21%). Mental health and wellbeing support ranks fourth. Here’s a rundown of the top 15 benefits and perks for all employees: 1.

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The Incentive Solutions News blog

MAY 20, 2021

They need to be familiar with important, sometimes very complex technology and devices used in healthcare. I recommend these five incentive strategies to retain and engage your medical equipment sales reps, so you don’t lose your frontline brand representatives: Reward sales reps with exciting incentives.

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