Your sales force is your revenue stream - which is why sales force motivation programs are among the most widely used rewards programs.
Research shows that non-cash rewards have multiple benefits in comparison to cash awards:
- Increased "trophy" value
- Heightened impact
- Clear distinction between annual compensation expectations and activity-based rewards
Each sales force is different, so the experts at BMP will:
- Identify your corporate objectives & desired program scope
- Devise a plan for incentive-driven results & tracking
- Facilitate the entire Program for effectiveness & ease of use
- Program Features/Options
- Program Benefits
Program Features/Options
- On-The-Spot Rewards for contributions
- Recognize Sales Achievements
- Honor Milestones
- Tracking & Reporting capabilities to monitor progress
- Employee-selected rewards to guarantee satisfaction
- Team-building goals & exercises
- Rewards for "Best Practices"
- Lunch & Learn Sessions
- Training & Development Initiatives
- Cold-Calling Contests
- Territory Blitzes
- Renewal Rate Rewards
- Customer Service Award
Program Benefits
- Increase sales and volume
- Align incentives with corporate profitability
- Grow new territory/business development
- Boost sales force loyalty & morale
- Elevate retention
- Raise productivity
- Encourage "Best Practices"
- Cultivate Team Mentality
- Stimulate product-specific activity
- Increase Perceived Value & Impact
- Avoid "spend & forget syndrome", associated with cash rewards
- Create "Buzz" among the sales force
- Reduce sales costs
- Enhance margins
- Clearly distinguish rewards from standard compensation