Competing For Rewards: Defining Incentives That Will Work For Your Team

Generally speaking, people like to compete. They like to test themselves and be challenged. Most important, people like to win. Being rewarded for it? That's icing on the cake. It doesn't matter where they're from, what language they speak, or what job they do - people like to succeed and be acknowledged for it. Because I consider myself a coach, and I believe in positive energy and positive reinforcement, I believe that incentives are the single greatest tool I have for motivating my workforce...;and they can be for you, too.

Incentives work - whether the person receiving them is the manager of a retail business, an executive at a large corporation, or an entry-level employee making minimum wage. And incentives don't have to be pure cash, although I have yet to find a team member who would ever turn it down. Incentives can be almost anything:

  • Pins or badges for uniforms to acknowledge certain accomplishments
  • Shirts or jackets that indicate that the wearer achieved a specific milestone
  • Certificates of achievement, plaques, trophies
  • Dessert (yes, you read that correctly!)
  • Parties
  • Tickets to movies, concerts, or sporting event
  • Gift certificates to a popular restaurant for the employee and a guest
  • Electronic gadgets like MP3 players or tricked-out cell phones
  • Gift cards
  • Watches, rings, or other kinds of jewelry
  • High-definition televisions
  • Trips
  • The list is limited only by your imagination

Dave Melton oversees six Domino's Pizza restaurants in New York City and Connecticut. His stores generate more than $6 million annually. His years behind the wheel of his franchise organization led him to pen a book - Hire the American Dream - that offers unique hands-on insight on a number of franchise operational issues.

Published: February 22nd, 2012

Share this Feature

Recommended Reading:

Comments:

comments powered by Disqus
Firehouse Subs
SPONSORED CONTENT

FRANCHISE TOPICS

Top Opportunities »

All American Steakhouse and Sports Theater
The All American concept is not only what the consumer is looking for, it’s what they are craving—great quality food with signature steaks in a...
Cash Required:
$350,000
Request Info
Chronic Tacos
Chronic Tacos is a California inspired authentic Mexican grill that celebrates the individuality of our customers. We have developed restaurants...
Cash Required:
$100,000
Request Info
Massage Envy
Massage Envy clinics are designed to provide a compelling image, an inviting and functional environment and the highest degree of operational...
Cash Required:
$150,000
Request Info

Subscribe »

Attend »

Conferences
Caesars Palace, Las Vegas, NV
APR 3-6

Share This Page

Subscribe to Multi-Unit Franchisee Report

A Franchise Update Media Production
Franchise Update Media
P.O. Box 20547
San Jose, CA 95160
PH. (408) 402-5681
In Loving Memory Of Timothy Gardner (1987-2014)

Copyright © 2001 - 2018.
All Rights Reserved.