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Points-based incentive programs are a type of program where participants collect
and redeem points for awards. Depending on the program type and the
organizational objectives, points can be awarded on a number of criteria
including positive employee behavior, the demonstration of organizational
values, repeat customer purchases, the sale of new products, increased overall
sales, or even the use of proper safety precautions. In addition to point
awarding, the levels at which points can be redeemed can be customized by the
organization and set at virtually any level. Points programs are a way for
organizations to motivate behavior over time while improving the organizations’
overall performance.
Employee Incentive Programs
Employee incentive programs are programs used to increase overall employee
performance. Employee programs are often used to reduce turnover, boost morale
and loyalty, improve employee wellness, increase retention, and drive daily
employee performance.
Incentive To Consumers
Consumer incentive programs are programs targeting the customers and consumers
of an organization. To increase in a company’s customer retention rates will
increase the average lifetime profits per customer. Consumer programs are
becoming more widely used as more companies realize that existing customers cost
less to reach, cost less to sell, are less vulnerable to attacks from the
competition, and buy more over the long term.
Dealer Incentive or Channel Partner Incentive
Dealer incentive programs are used to improve performance for dealer and channel
resellers using sales incentive programs. It can motivate the staff which in
turn only helps business. These programs help companies capture market share,
launch new products, reduce cost of sales, increase product adoption, and
ultimately drive sales.
Sales Incentive
These programs are primarily used to drive sales, reduce sales costs, increase
profitability, develop new territory, and enhance margins. Sales incentive
programs have the most direct relationship to outcomes.
A Sales Incentive Plan (SIP) is a business tool used to motivate and compensate
a sales professional (or sales agent) to meet goals or metrics over a specific
period of time, usually broken into a plan for a fiscal quarter or fiscal year.
A SIP is very similar to a commission plan; however, a SIP can incorporate sales
metrics other than goods sold(or value of goods sold), which is traditionally
how a commission plan is derived. Sales metrics used in a SIP are typically in
the form of sales quotas (sometimes referred to as point of sale or POS
shipments), new business opportunities and/or management by objectivess (MBOs)
independent action of the sales professional and is usually used in conjunction
with a base salary.
SIPs are used to incentives sales professionals where total dollars sold is not
a precise measure of sales productivity. This is usually due to the complexity
or length of the sales process or where a sale is completed not by an individual
but by a team of people, each contributing unique skills to the sales process.
SIPs are used to encourage and compensate each member of the sales team as
he/she contributes to the team’s ability to sell. It is not uncommon for the
members of such teams to be located in different physical locations (often
working in different countries) and for the product introduction to happen in
one location and the purchase of such a product to occur in another location.
We offer all solution for The Incentive program like…..
Hotel Bookings, Transportation, Air Tickets, Rail Tickets, Gala dinner, Theme
party, dance troupe, sight seeing, All meals, etc…
Meetings
In the current globalization where business itself is a competition, companies
have to take those innovative steps which must improve their overall performance
and productivity. To make new plan, to identify new business area and to
implement new strategies they have to have a proper place where they can meet
and discuss and feel recharged. The objectives to organize meetings are:
Identify core areas where company is facing new challenges and to understand
them.
Improve team performance.
Enhance employee’s skills to generate more and more revenue.
To make the organization an ideal place to work.While organizing such kind of meetings you have such kind of atmosphere where
not only you can discuss and finalize new strategies but also it gives a feel of
comfort, relax and entertainment. To organize such kind of atmosphere, we are
here to arrange everything for you with our team of experts.
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India’s lure as an incentive destination is growing steadily. India’s reputation
and strength as a multi experience destination, the innate generosity and
hospitality of the Indian people , and the creative abilities of its destination
management, specialists in meticulous planning and value for money tariffs, are
helping the country to emerge among the sought after incentive destinations.
The MICE sector, and within it the incentive travel segment, is witnessing a
sizeable upturn. India has the choicest attractions for this segment, the
Himalayas, bustling metros, great monuments, history and the culture of a five
thousand year old living civilization, an amazing diversity of languages, dance,
music and arts, cuisines, customs, climate, opportunities for royal life styles
in palaces, forts and fine hotels, fairs and festivals, adventure sports like
golf and spiritual experience. Shopping for an endless variety of handicrafts,
from jewellery to garments and metals to woodwork, is a major Indian USP. Add to
these, new concepts of wellness, through the country’s ancient ayurveda system,
as well as high quality modern medical facilities, or be one with nature and
sample rural tourism. The choice is bewildering.
A meal in a nearby village, where villagers play host, can be an outstanding
introduction to the rural life style.
Within easy reach of Delhi are exciting places for adventure activities, like
tiger spotting at Sariska or Corbett National Park. Rishikesh is a great
location for river rafting along the holy Ganga, where you can also spend time
at the ashrams for a brush with spirituality.
One of the most attractive places for the Maharaja experience is the Umaid
Bhawan Palace in Jodhpur, part of which is still home to the erstwhile ruler.
Here you are welcomed and garlanded by caparisoned elephants, and in attendance,
are bedecked camels, drummers, musicians and folk dancers in their traditional
costumes.
The Mehrangarh Fort, more than 700 years old, but in a well preserved state, is
the venue for a magnificent Maharaja evening.
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