Maintaining morale is important for all businesses, no matter the industry. Incentives and rewards have always driven the motivation and behavior to help ideas, industries and companies succeed. Incentives inspire the workforce, and the promo industry plays a crucial role in this lifecycle. “Incentives are items that people are willing to change their behavior in some manner to be able to ‘earn.’ A successful program provides options that individuals desire enough to change their habits or increase performance because the offering is important to them in some way,” says Guy Achtzehn, of The Marketing & Sales Group.
The economy depends on employees’ well-being. Most employees are disengaged and unsatisfied. A 2022 report found that only 32% of full- and part-time employees are engaged. Employee engagement has declined every year since 2020. Incentives are a great way to motivate a disengaged workforce. The incentive theory by psychologist Clark Hull says that our actions are driven by our desire for external rewards. We are more likely to study for a test or meet a sales quota if there’s a meaningful and attainable reward like getting good grades or receiving a high-end, name-brand gift.
While promotional products are essential marketing elements for any brand, it's important to recognize the products earned through incentive programs are not the same as advertising. Successful programs are filled with merchandise that has maximum value to the participants. Brand names are a must, as is including items that might be gifted to an employee’s spouse, friends or family, and items that cover a wide range of wants.
Incentive programs should be customized to fit the goals of the organization, and tailored to the desires of the employees. By following the 5 steps below, chances of success are enhanced.
APTCO stands ready to help you develop an incentive program that is truly your own.
“He who can no longer pause to wonder and stand rapt in awe, is as good as dead.”
~ Albert Einstein