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8 PILLARS OF SUCCESS WHEN USING INCENTIVES TO BOOST EMPLOYEE MOTIVATION

Prague, 25.09.2018

SUCCESS FACTORS FOR USING INCENTIVES TO BOOST EMPLOYEE MOTIVATION

Motivation results from appreciation and recognition of performance. Employees who feel appreciated achieve more, are less likely to leave and are more committed to the company. Rewarding employees not only has a positive effect on them as individuals, but also on the company’s working atmosphere and image as an employer. This makes rewards an essential factor in corporate success.

1. MORE EMOTION Non-cash rewards strengthen the

employee’s bond with the company and achieve long-term positive effects on commitment

and loyalty.

2. THE ‘SHOW EFFECT’ When the incentive can be

presented with pride and leads to recognition within the family

– or even better, when relatives can take part as well – it makes

an additional, invaluable contribution towards the employee’s motivation.

3. FREEDOM TO CHOOSE Holiday incentives focusing on

themes such as sport, wellness, gastronomy or nature

guarantee motivating holiday experiences tailored to suit

individual tastes.

4. WELLNESS, FITNESS AND HEALTH

Employees who prefer relaxation, wellness and health in their leisure time are more motivated at work, absent less often, happy to commit to the company and show dedication beyond the call of duty.

5. TWICE THE IMPACT Enjoyable breaks from the everyday

routine just for two are not quickly forgotten and strengthen the

relationship with your company – your employees will reward you with

increased dedication.

6. POSITIVE CONSEQUENCES Once the incentive has been

used, the experience is sure to remain a positive memory for a

long time. This encourages employees to achieve more and

work harder on behalf of the company so they can enjoy attractive incentives again.

7. PERCEPTION OF HIGH VALUE

When selecting incentives, be sure to consider whether they will

be perceived as having a high value to give employees a special

feeling of being personally appreciated.

8. TAX EXEMPTIONS

In many countries fringe benefits have tax exemptions to a certain amount when they are given for recreational purposes to the employees. Especially holiday vouchers with a special price/value ratio can be a much better choice compared to financial bonuses, as they have an experience value for the employee and bring more effectivity to the company motivation scheme.

Holiday is welcomed by almost every employee, because:

  Holiday as a theme addresses a very wide target group:

whether young or old, man or woman – everybody is seeking holidays.

  Holiday is a positive subject, it is highly emotional and always desired.

  By using holidays as an incentive, employees are motivated in a very emotional way, because vacation days are probably the most enjoyable moments in our lives, which are filled with emotions and are remembered for a long time.

WHY IS HOLIDAY A PERFECT INCENTIVE?

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Dr. Jessica de Bloom has proved in a survey, that holiday has a generally positive effect on people, and individual short breaks even more. The results of the survey showed the following:

  People, who spend their money on short holidays, are happier than those, who spend money for material goods. Holiday remains positively in their memories.

Many short breaks are more effective than one long trip: Not the duration of a holiday, but the frequency is which matters in having the necessary relaxation from daily life stress.

  The most important for the leisure value is to have it customized to individual interests and wishes as much as possible. Shortly, the freedom of choice how to spend Your holiday time is the key to a perfect vacation.

Dr. Jessica de Bloom, Working and Organisatonal Psychologist at the University of Tampere in Finland, has presented this survey at the ITB Congress in Berlin in 2014.

HAPPINESS THROUGH SHORT HOLIDAYS SURVEY: WHY ARE SHORT BREAKS SO EFFECTIVE?

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BEST PRACTICES OF USING HOLIDAY INCENTIVES IN THE CZECH REPUBLIC

1. HOLIDAY VOUCHERS FOR TOP PERFORMER EMPLOYEES AT THE COMPANY MEDTRONIC 2. HOLIDAY VOUCHERS AS INCENTIVES IN A SALES COMPETITION AT B.BRAUN

3. HOLIDAY VOUCHER + A FUEL CARD AS A SPECIAL PRIZE IN SALES COMPETITIONS AT ČSOB BANK 4. HOLIDAY VOUCHERS AS A 20-YEAR WORK ANNIVERSARY GIFT FOR EMPLOYEES AT WÜRTH

5. HOLIDAY VOUCHERS AS A 10- AND 20-YEAR WORK ANNIVERSARY GIFT FOR EMPLOYEES AT JUNGHEINRICH

!

BEST PRACTICES OF USING HOLIDAY INCENTIVES IN THE CZECH REPUBLIC

6. HOLIDAY VOUCHERS AS GIFTS FOR THE EMPLOYEES OF THE TRIMESTER AT PEPSICO

7. HOLIDAY VOUCHERS AS REWARDS FOR EMPLOYEES AT ALLIANZ

8. HOLIDAY VOUCHERS AS GIFTS FOR LOYAL EMPLOYEES AT MC DONALDS 9. 100-EURO TRAVEL VOUCHER AS A CHRISTMAS PRESENT FOR SALES PERSONNEL AT RETAIL PARTNERS OF FORTUNA 10. HOLIDAY VOUCHERS AS INCENTIVES FOR SALES PEOPLE OF EXTERNAL DISTRIBUTION PARTNERS OF KOMERČNÍ BANKA 11. HOLIDAY VOUCHER AS A REWARD FOR THE BEST PR MANAGER AT KIA MOTORS

!

BEST PRACTICES OF USING HOLIDAY INCENTIVES IN THE CZECH REPUBLIC

12. CONNEX HOLIDAY VOUCHERS ARE LISTED AS BENEFITS IN ALL MAJOR EMPLOYEE BENFITS CAFETERIA SYSTEMS IN CZECH REPUBLIC AND THROUGH THESE PROGRAMS AVAILABLE AS GIFTS FOR TENS OF THOUSANDS OF EMPLOYEES IN CZECH REPUBLIC

!

Connex supports B2B clients with innovative solutions in the fields of:

  Employee Motivation

  Customer Loyalty

  Sales Promotion

MOTIVATION LEADS TO SUCCESS WORLD OF MOTIVATION

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FACTS AND FIGURES

Whether it is for employees, clients or business partners, the right motivation brings:

  more dedication

  more loyalty

  more enthusiasm for your company and your product

  more sales

Connex products and programs are designed to fit in any specific target group and long-term motivation.

The common features of our holiday incentive products are:   an attractive cost-benefit relation

  a unique service offer

  a high degree of motivation

  an emotional effect.

OUR MISSION – THE MOTIVATION

MORE THAN 30 YEARS OF EXPERIENCE

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CONNEX REFERENCES | INTERNATIONAL

MORE THAN 15 YEARS OF EXPERIENCE

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CONNEX REFERENCES | CZECH REPUBLIC

CONNEX MARKETING GROUP WWW.CONNEXGROUP.NET

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Kristián Varga Branch Manager

kristian.varga@connexgroup.net

Branch Office for CEE Countries : Connex CEE s.r.o. Česká 3, 831 03 Bratislava 3, Slovakia

Tel.: +421-2-4463 8584

E-mail: sales-cee@connexgroup.net

Headquarters: CONNEX Marketing GmbH ,Dr.-Schauer-Str. 26, A-4600 Wels, Austria Commercial Register: Regional Court Wels, FN 135472z