This blog is about incentive plans
Talk with your group about whether people want to have different incentive levels for different types of ideas.
"For instance, they might want to offer one type of incentive for an idea for a new promotional campaign that brings in a one-time bump in profits, and a totally different incentive for an idea that results in a new business that could bring in significant revenue on an ongoing basis," Attard says.
Make sure the group has some input, such as a vote, on when an idea deserves a reward and how the rewards are meted out. If the reward program is not carefully crafted, there will be dissension and charges of unfairness.
"The goal is to forestall problems arising from someone claiming to have come up with an idea the group thought of on its own," Attard says.
She recommends you set down written guidelines for the program and have them reviewed by an attorney before you launch. If some members feel the program is unfair, it won't last long and could be more trouble than it's worth.
Finally, don't forget to include group recognition when a reward is being handed out.
Sometimes a pat on the back from one's peers is just as important—or more—than the more tangible compensation.
---
---
---
---
---
---
---
---
---
---
---
---
---
---
---
---
---
---
---
---
---
---
---
---
---
---
---
---
---
---
---
---
---
---
---
---
---
---
---
---
---
---
---
---
---
---
---
---
---
---
---
---
---
