Incentive Plans - Elements
24 09 2008As far as I’m concerned, there are three main elements of the credit application incentive plan that make it so successful.
1. It’s a form of recognition.
I love being told that I’m doing a good job. It gives me the warm and fuzzies. It makes me feel like I’m good at my job, which makes me more likely to hang around and give it my all. The candy bars and energy drinks are really just different tangible forms of a pat on the back.
2. Management is fully behind it.
An atmosphere in which success is rewarded starts from the top down. Your Gen Whys won’t be patting each other on the back and celebrating the successes of your business if you aren’t. By taking the time to design these contests, the managers are showing that they care about credit applications. More importantly, when they deliver the coupons, it’s a celebration. There is no question that they care about this. There is no question that they want it done. There is no question that there are rewards for doing it.
Anything short of this would be a half-measure. You’d just as well do nothing if you’re going to do that. Managers who only give 50% engender employees who give even less. If those setting the norms say that 50% is acceptable, those following will give only that meager bit, at most.
3. It’s fun.
An eloquent thank you letter with flowery language and calligraphy doesn’t mean a thing to me. Maybe if I’m thinking about the future I’ll be able to save a copy of the letter to show future employers who wonder if my performance ever merited something printed with fancy lettering. But aside from that, it doesn’t change my life much. Bringing me something fun, whether it’s the name of the teams or the candy bar prizes, makes an immediate, noticeable improvement in my life. For your incentive plan to truly be an incentive, it has to include something I want. And fun at work is near the top of the list.
Categories : Motivation
















