Awards and incentives can be powerful motivators. They can boost work performance, increase employee morale and inspire new ideas. Before you implement a recognition or incentive program, check out some of these statistics.
1) 99% of surveyed employees and managers highly value incentive programs.
2) Incentives increase performance 45% of the time in team-based programs and 27% in individual programs.
3) 72% of incentive recipients reported very high satisfaction with rewards.
4) Incentive programs lasting a week or less saw a 20% increase in performance. Programs lasting more than a year produced a 44% increase.
Proforma Distinctive Marketing, Indianapolis Indiana, Eric Marasco