Incentra Insights

In today's dynamic business landscape characterized by rapid changes in technology and evolving workforce demographics, the significance of a well-crafted sales incentive program can’t be overstated. No longer just a bonus or perk, these programs are essential tools for driving employee engagement, nurturing company culture, and ultimately boosting performance.

In the ever-evolving business landscape, one challenge continues to loom large - employee retention. Organizations across industries are grappling with the pressing need to retain top talent amidst a backdrop of shifting workplace dynamics, economic uncertainties, and technological disruptions. In this blog post, we'll delve into why employee retention remains a critical concern for businesses in 2024 and explore strategies to address this challenge effectively.

We’re often asked, “are service awards really still important?” And the answer is YES when administered properly.  

The days of just sending a generic thank you note to employees along with a plaque for their years of service are in the past. There has been a significant shift in recent years to more personalized and impactful recognition for employees who are celebrating milestone work anniversaries. But remember, it’s not just about an employee’s tenure; it’s about creating a positive and meaningful experience for the person.

Managing and monitoring an employee recognition program is now much simpler because a well-designed system essentially runs itself. Program stakeholders can instantly monitor program activity and results by clicking into an administrative portal that features a dashboard with real-time reporting and graphs that address all recognition activities. 

Whether you’re creating a sales incentive program for the first time or revamping a current program, a successful sales incentive program is crucial for motivating your sales team and driving performance. The effort put into developing a program will help a business reach its short and long-term goals.

We’re sharing our top 5 blog posts (by number of page views) that were published in 2023. If you missed any of these posts, be sure to check them out here. They feature the latest industry topics and helpful information on employee recognition and channel incentives.

The world of work is continuously changing and becoming more competitive. Employers are looking for ways to attract and retain employees in this landscape. One solution is to focus on employee engagement - it can be a game changer for a company, helping them be competitive and attract the best talent.

Nursing shortages are expected to continue to increase for several more years. Even before the pandemic, shortages occurred as a result of economic downturns and retirements. During and after the pandemic, many nurses experienced burnout. They left the profession, contributing to the nursing shortage along with an aging workforce and an aging population that increased the need for healthcare services.

Sales incentive plans are necessary for motivating and rewarding your sales team. However, creating a successful plan can be challenging in today’s market. In this post, we share four key elements needed for a successful sales incentive plan.

Wellness in the workplace encompasses not only physical well-being but also mental, emotional, and financial and remains a top priority for employers and employees this year. Mental health continues to be a big challenge that affects the workplace.