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| » Productivity – |
The Society of Incentive and Travel Executives (SITE*) conducted a study which evidenced tangible incentives increase work performance by an average of 22%. |
| » Productivity – |
The SITE study also reported findings that Incentive Programs aimed at Individual workers increased performance by 27% and Programs aimed at Teams Increased Performance by 45%!! |
| » Goals – |
Incentive Programs have an equally Positive Impact on both Quality and Quantity goals. (SITE*) |
| » Goals – |
Long-term Incentive Programs are more Powerful than Short-Term (44% Gain vs. 20% Gain. (SITE*) |
| » Goals – |
92% of Corporations Surveyed reported that their objectives were Surpassed, Met or at lest Partially met using Incentives (SITE*) |
| » Motivation – |
92% of Workers Surveyed indicated they achieved their Goal because of Incentives (SITE*) |
| » Employee Retention – |
It costs 3X More to Replace a Worker than to Keep an Existing one.
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Additional Negative Impacts of Employee Turnover =
- Loss of Productivity
- Training Expenses
- Customer Satisfaction
- Lower Overall Teamwork Results
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| » Employee Retention – |
Studies show that Top Employees will leave first if they feel Under Appreciated.
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| » Employee Retention – |
79% Employees who quit their jobs cite “Lack of Appreciation: as key reason for leaving.
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The 8 Common Characteristics of Successful Programs:
1) Goal Oriented
2) Excitement
3) Recognition
4) Enticing Awards
5) Customized
6) Sustainability
7) Ease of Use
8) Engagement
| » Safety – |
According to the Bureau of Labor Statistics in 2204 there was a disabling workplace injury every 7.8 seconds and a fatal workforce injury every 96 minutes. |
| » Safety – |
86% of all Workplace accidents are triggered by unsafe behavior. Behavior can be Influenced through Awareness and Incentives. |
| » Safety – |
According to a recent study conducted by Occupational Hazards targeting health and loss prevention professionals, 84.7% of the respondents said their company’s safety consciousness increased as a result of their Safety Incentive Program. |
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