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Friday, March 21, 2014

Human Resources




Whether you’re thinking about starting an incentive program or making changes to the one already in place, you need to confirm that you’ll get the right results. Here’s how to analyze the impact of your current or future program:

• Objectives. Does the program support specific departmental or organizational goals? For example, will it increase profits or improve customer loyalty?

• Cost/benefit. Will this program be profitable? Benefits should outweigh its costs.

• Customer service. Will the program support or improve customers’ expectations for your organization’s products or services?

• Workforce. Does this program benefit all or most employees, or only a select few? Make sure every employee has an equal chance to participate in its rewards.

• Measurement. Can you establish objective criteria for determining whether goals are met and which workers qualify for rewards?

• Rewards. Will rewards be meaningful? Employees will quickly grow cynical if your incentives seem impersonal or cheap.


• Longevity. Are you and your organization willing to make a long-term commitment to this program, or is enthusiasm likely to wane?

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