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…
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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…
The Psychology Behind Understanding Employee Motivation In The Workplace
Employee motivation is one of the core tenets of a successful business. A motivated employee accounts for better productivity and propagates positive vibes at the workplace. It is infectious and multiplies productivity allowing companies to drive revenue, and efficiency. Companies seeking sustainable growth need help with managing an increasing workforce and identifying ways to motivate…
Guide To Incentives That Your Channel Partners Want In 2024: What Works And What Doesn’t?
Channel partners are critical for business expansion regardless of the size of your operations. They are an avenue for increasing sales and enhancing your brand presence. However, the success of your relationship depends primarily on the channel partner incentives you offer. These are not just about monetary value, but what and how they express your…
Why And How To Boost Morale With An Employee Rewards Platform?
Rewarding employees for their contributions to the organization goes a long way in improving their productivity. When employees are recognized, they feel valued and it improves their morale, besides creating a positive workplace culture. Companies are realizing the benefits of having an employee rewards program like enhanced employee engagement, better attrition rate, and improved efficiency. …
How Channel Partner Rewards Platforms Can Contribute To Business Growth
A channel partner rewards program is one of the most successful strategies for growing a business with little investment. Companies have been relying on it to build sustainable growth for their products and services from time to time. Also known as a channel partner loyalty program, it refers to rewarding third-party vendors for promoting and…
Zaggle Propel: Strengthening Brand Affinity For Channel Partners
Channel partners are an essential part of business strategy, more so in the current competitive market. With businesses relying on channel partner program as a potential distribution channel, companies need to foster loyalty through brand affinity. When channel partners develop brand affinity they continue working for your organization for an extended period. It will improve…
