Incentive Programs
We deliver on-time and on-budget, every time.
Let us show you how to…
- Change Your Culture
- Increase Sales
- Reward Your Employees
- Reward Your Customer Loyalty
- Improve Employee Health
- Lower Healthcare Costs
- Lower Workers-Comp
- Shift Employee Consciousness
- Reduce Accidents
- Reduce Absenteeism
- Reduce Labor Costs
- Improve Morale
- Maximize your ROI to Save Money!
Using these IncentPros Solutions…
- Safety or ESH Incentive Programs
- Service and Longevity Award Programs
- Sales Goals and Incentive Award Programs
- Health and Wellness Incentive Programs
- Employee Recruitment and Retention Programs
- Incentive Programs of any kind to promote Best Practices
Invest a few minutes of your time to let the experts at IncentPros show you what we can do for you! Contact us by phone: (281 or 877) 376.7677 or email: sales@incentpros.net
Designing your Program… Always Custom—Never Cookie Cutter
“Always design a thing by considering it in its next-larger context.”- Eliel Saarinen
Many companies that offer Recognition and Reward Programs consider them to be a sideline—their first presentation is often their only one, and might consist wholly of third-party brochures and catalogs. IncentPros will bring much more to the meeting. We will have the right questions, a familiarity with well-tested strategies, and an insight to innovative solutions designed to assist you in defining your goals and planning the steps, budget and timetable to achieve those goals. The IncentPros experts are a cut above the rest!
We will map out each step of your program with you. As we go through this process, here are some common questions:
- What are the differences between an online and a gift-card program?
- What is the little-known tax statute that can save both your company and employees 20 percent (or more) of each dollar awarded as an incentive?
- Is it better to give incentives frequently or over a longer period?
- Is it better to recognize team effort or individual achievement?
- Why not just have a drawing for one big award?
- How can invoice language help to maximize program flexibility?
- Why does the roll-out date of your program matter?
- What common first-year pitfalls can be avoided with proper planning?
- Why is it important to promote an incentive program to participants?
- What simple steps can substantially improve the return on your investment (ROI) in an incentive program with little or no cost?
We know the answers to these questions, and will share them with you.
An integral part of our design strategy includes creating your program, and then vetting it with your Legal, Information Technology and Accounting departments. We will also participate as actively as you wish in presenting the program to your corporate leadership and other decision-makers.
We develop a complete budget, including elements such as custom printed posters, catalogs and brochures that are often not considered part of the design phase. Our planning includes minor, yet important, details such as multi-jurisdictional sales tax.
The result of our design work is a custom plan that is meets your goals, your budget and your timeframe.
Implementing your Program
“The best laid plans of Mice and Men often go astray.”- Robert Burns
The above words don’t rhyme very well, even in the original Scottish brogue. The reason this saying is well known is because of the underlying truth—having a great plan does little good if the same care and attention that went into creating it is not also given to its implementation.
Many marketers are minimally involved in the Incentive Programs they sell; they deliver the gift list, then sit back and wait for the orders to come in from you. We believe that it serves yours and our interests to help create the excitement and attention that open your employees to the possibilities offered by your incentive program. We see this as a progressive process: first, employees see great items they want and are willing to go out of their way to earn. Then, they begin to pursue the criteria to achieve the incentive—best practices in safety, health, performance and attendance. As the program matures, these practices are assimilated into your company’s culture, becoming the standard.
One of the magic phrases in business these days is “Return on Investment” (ROI). With the high expense associated with accidents, absenteeism, training replacement employees and creating employee interest in doing what’s best for the company, few investments will show a higher ROI than a successful incentive or reward and recognition program. We believe that if one of your major considerations is the ROI achieved by aggressively reducing accidents, absenteeism and retention issues, it is critical that you understand both sides of the equation—the realistic potential benefit and potential costs associated with your Incentive Program.
One of the most important decisions in planning your budget is what expenditures of time and money you invest in the initial implementation and program roll-out to your employees. Brochures, posters and other printed materials are often overlooked as a part of the total solution. Another item forgotten in the planning of a program is the roll-out event (or events) and other “attention-getters” to help employees begin to recognize the maximum benefits of the program in as short a time as possible. While we will avoid unnecessary expense, we do make sure that you understand what implementing the most effective program will cost.
Setting up the Program Rule Structure, Exception Policies and required Support Technology are all part of the behind-the-scenes work we will accomplish on your behalf. Our assistance, training and support are integral to bringing a Recognition & Reward concept into reality, transforming it into an ongoing manageable program.
Managing Your Program
“Turn-key” adj. Fully ready for use, ready to be put into operation; completely designed and produced.
-Concise Oxford Dictionary
Here’s a common question: “How many more administrative staff will I have to add to keep this program running and successful?” We think you’ll like our answer.
When we refer to a “turn-key solution”, it’s because we believe we are giving you the keys to a high-performance vehicle. You control how fast we go and decide on the direction. We supply the technology, staff and materials to get you there with minimal impact on you or your existing staff. At a cost of just pennies a day, IncentPros will provide each of your employees the telephone and online support they need to answer questions, helping them become fully integrated into the program.
You will stay in-budget and goal-centric. More importantly, once you approve a specific step in the program, IncentPros will be doing the design, implementation, and management work to make it happen. Your program will be uniquely suited to addressing the separate goals of your company’s participating departments. In fact, the more departments involved in program, the more successful the program for each department. One program can achieve multiple departmental goals, bringing your company together in reducing accidents and promoting best practices, minimizing absenteeism and celebrating length of service, improving and maintaining overall morale, and any other specific goals you wish to achieve.
Here are some of the other features and services that can be integrated into our complete solution:
- Customized certificates and products to promote your program
- Fulfillment and distribution of awards and materials
- Management of warranty and return issues
- Integrated online store
- Distribution network for employees to receive quick access to related safety, uniform and other company-supplied accessories with full accounting, quality and quantity controls
- Technology for distribution of continuously updated policies, manuals and procedures
- Comprehensive detailed invoice breakdown to your accounting department’s specifications
Consulting With the Experts
Incentive Programs are typically designed to promote the adoption of Best Practices in Safety, Attendance, and other places in the workplace where effort can improve results. They are often also used to recognize Sales, Wellness or achievement.
Many incentive providers believe that they are in the package business… they offer a small variety of promotional products- a hat, a shirt and a mug- and leave you to decide how you’re going to hand out the items. Some offer a more sophisticated “package”- perhaps an online store with a larger variety of items- but they are still dumping the administration of the program on you, the client, to figure out how the program will operate and what to tell a participant who can’t make the website work.
At IncentPros, we are Incentive Specialists. That’s why we developed the IncentPros subsidiary of PromoPros: our Incentive Specialists are focused on the custom design, implementation and turnkey management of a program that specifically addresses your goals. The team that formulates your solution includes individuals degreed in professional engineering, behavioral psychology, and graphic design, all coordinated by a Certified Professional Incentive Manager. Most of all, that team brings to the table our experience of what works (and doesn’t) in the successful programs we have designed for others.
In the design stage, we examine your corporate priorities and goals and recommend a program that accomplishes those goals while fitting your budget, special IRS tax provisions and (where applicable) OSHA and other regulatory guidelines. We then suggest implementation strategies designed to overcome the naysayers and get your entire corporate body enrolled in being active participants. Most importantly, we provide 100% turnkey management of the day-to-day and operation of the program. Elements like a corporate-logoed website (complete with a selection of over 15,000 Lifestyle Merchandise items), a toll-free help-desk staffed by friendly professionals, and managed reports provide the results you are looking for without excessive demands on your staff.
Why ROI Matters
The Return on Investment (ROI) is often considered a good measurement tool for evaluating a proposed expenditure. In essence, the ROI tells you how many dollars your bottom line will increase for every dollar you spend on a project. A well-designed Incentive program will regularly return an ROI of 150%- that is, for every thousand dollars you spend on a program, you will see savings/income of fifteen hundred dollars. The fact is, we have clients reporting an ROI of over 300%. We’ve actually had CFO’s who were skeptical at year one come back and ask how much we can increase our budget and maintain the significant ROI!
There is a second facet to ROI, and that is the Return on Performance. Once you establish with your financial people that the program will pay for itself, and more, it is significant to note that independent studies conclude time and time again that incentive programs are exceptionally successful tools for improving performance, morale, and attitude within a corporate culture.
We at IncentPros will be happy to help you calculate your company’s ROI, and to estimate how it might improve in future years while using our programs. Contact us for a consultation.