It's widely believed that salespeople are coin-operated. You make the sale and as a reward, you get compensated.
Yes, compensation is the leading incentive in sales, but how you reward and recognize your winners has a long-term impact on the success of your business.
Surely you're not still giving out gift cards to your team as an incentive...
Join this live Q&A for an extremely insightful chat on the psychology behind sales recognition and how it's tied to employee engagement and retention.
Key Topics -
Recognition and its impact on employee engagement and retention
How to communicate incentives and recognition
The right and wrong ways to motivate your sales team
Key Takeaways -
Employee engagement is a metric that signals productivity and retention. Recognition is by far the lowest hanging fruit to boost employee engagement, so as a leader you need to take advantage of this.
To communicate your recognition programs, know your audience, generate excitement with anticipation, get executive buy-in, and involve other people in your rep's life.
Examples of no/low cost rewards that you can implement today:
Everyone has their own hype song that gets played when they make a sale
Lunch with a C-suite or board member
Have the rep's family record short videos recognizing your winner and play it during an all hands
Non-sales focused contents like "Best Zoom Background of the Week"
Watch the full recording for more ideas!
Dive Deeper -
To learn more about Blueboard's experiential employee rewards offering to power your SPIFFs, SKO gifts or President's Club event (with personalized, individual trips), visit Blueboard.com and snag a copy of their favorite Sales Incentives Planning Guide.
Here are the slides from this event