Channel loyalty programs are essential for businesses to accelerate sales and drive profitability from their sales partners. Having said that, companies must implement these loyalty programs without bias or confusion. Businesses must rely on performance metrics and revenue details before deciding on whether or not to reward a particular partner. Although most businesses sit on…
Month: April 2024
Beyond Bonuses: Creative Incentives To Boost Employee Morale
Employee rewards programs have the potential to transform your workplace into a hub of positivity and productivity. But for that to happen, you must overhaul a few things including employee performance bonuses. Instead of going for a one-time lump sum payout, you can implement multiple reward options. It is primarily because, like salaries, bonus amounts…
Channel Partner Incentives: The Secret Sauce For Sustainable Business Growth
For businesses to thrive and grow sustainably, they must build strong partnerships and collaborations, particularly with channel partners. A recent Forrester study disclosed that over 73% of global trade flows through channel partners. These stats further affirm the crucial role that channel partnerships play in enhancing business sales and revenues. Since these partnerships run on…
Measuring ROI Of Your Employee Recognition Program: Key Metrics To Track In 2024
An overwhelming majority of 61% of employees already seek better opportunities, as per Achievers report. This shouldn’t come as a surprise because employees value being recognized more than better pay. Yet companies don’t seem to leverage employee rewards and recognition programs. They are not just essential to retaining high-performing resources but also to building a…
