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Incentives and Rewards: A Closer Look

Sales and Marketing Management

In short, more precision is better for rewards used with incentives, while less precision is better for rewards used with recognition. Incentives. Good incentives rely on high degrees of precision to generate motivation. One of the most effective reward tools is a non-monetary point system. Reps Benefit From Incentives.

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Does Your Sales Incentive Plan Drive Customers Away?

SBI Growth

The purpose of every incentive compensation plan is to influence the actions of sales reps. The post offers tools to make longer-lasting corrections, too. The post offers tools to make longer-lasting corrections, too. Sales incentives can be like square pegs. Here are some real-life examples of poorly designed incentives.

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The Psychology Behind Unexpected Rewards

Sales and Marketing Management

Author: Luke Kreitner The element of surprise has been proven to be a powerful motivational tool. Scientific studies show that unexpected incentive rewards stimulate areas of the brain connected to behavior development and learning. In short, surprise incentive rewards are powerful because they’re universal.

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Incentive Gift Cards Continue to Delight

Sales and Marketing Management

Author: SMM Research from the Incentive Gift Card Council (IGCC) and the Incentive Research Foundation (IRF) shows the majority of U.S. are increasingly using gift cards as a reward tool for multiple groups (channel, sales, employee and customer), and that investment in gift card rewards is both significant and growing.

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Top 10 Social Selling Tools

Zoominfo

Because there are so many social selling tools on the market today, we’ve put together a list of some of our favorites. Top Ten Social Selling Tools: 1. LinkedIn offers the most comprehensive amount of customer information – making it the most essential B2B social selling platform. Ready to get started? Keep reading!

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Technology can improve your recognition efforts

Sales and Marketing Management

Video technology tools like Zoom and Slack were reported helpful in fueling connection and engagement. No longer considered nice-to-have resources for a subset of workers, these tools have become vital to all employees and will continue to support formal and informal functions for both remote and in-office workers.

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Competition: The Invisible Enemy of Compensation Planning

SBI Growth

For many, the information is the nearly the same each time. Discover tactical solutions to get the most out your incentive comp dollars. In today’s environment, “A” player sales talent is more informed than ever. Decisions to stay or change jobs are based on information easily accessible online. What You Should Do Now.