Incentive programs in the post carrot era - IRF Presentation

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Presentation at the June 2010 EEA Networking Event by the IRF on incentive travel program effectiveness.

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Incentive programs in the post carrot era - IRF Presentation

  1. 1. Incentive Programs in the Post-Carrot Era (?)<br />MelissaVanDyke<br />Engagement Expo<br />June 2010<br />1<br />
  2. 2. GOAL:DEEP DIVE<br />How Successful ITP Meets Extrinsic and Intrinsic Motivational Needs <br />How to reshape programs<br />Concrete information<br />2<br />
  3. 3. 3<br />The Study<br /> XYZ Corp<br />2008 Incentive Travel Program<br />Quantitative, Qualitative, Financial<br />3<br />
  4. 4. 4<br />Defining Successful Incentive Travel<br /><ul><li> Motivational tool
  5. 5. Enhance productivity or business objectives
  6. 6. Reward based on a achievements
  7. 7. Set forth by management</li></ul>4<br />
  8. 8. CEO of XYZ on their ITP:<br />5<br />“[it] would be the last thing we would eliminate before we turn the lights off”<br />
  9. 9. 6<br />Benefits of Success<br />Financial Goals<br />Higher Performance<br />Retention<br />Culture<br />Recognition<br />6<br />
  10. 10. Financial Results<br />7<br />Net Operating Income Was Significantly Higher for Program Participants<br />7<br />
  11. 11. People Results<br />8<br />Higher Performance Levels<br />Longer Tenure<br />8<br />
  12. 12. 9<br />Culture<br />“the incentive travel program creates a certain type of culture where people’s performance and contributions are<br />appreciated.”<br />
  13. 13. 10<br />Motivation<br />The incentive travel program is a good incentive to drive performance.<br />
  14. 14. 11<br />Appreciation<br />The incentive trip made me feel that the company truly appreciates me.<br />
  15. 15. 12<br />
  16. 16. Pillars of Success<br />13<br /><ul><li>Criteria
  17. 17. Communi- cations
  18. 18. Design
  19. 19. Hosts
  20. 20. Performance Records</li></ul>13<br />
  21. 21. Pillars of Success<br />14<br /><ul><li>Criteria
  22. 22. Communi- cations
  23. 23. Design
  24. 24. Hosts
  25. 25. Performance Records</li></ul>14<br />
  26. 26. Pillars of Success<br />15<br /><ul><li>Criteria
  27. 27. Communi- cations
  28. 28. Design
  29. 29. Hosts
  30. 30. Performance Records</li></ul>15<br />
  31. 31. Pillars of Success<br />16<br /><ul><li>Criteria
  32. 32. Communi- cations
  33. 33. Design
  34. 34. Hosts
  35. 35. Performance Records</li></ul>16<br />
  36. 36. Pillars of Success<br /><ul><li>Criteria
  37. 37. Communi- cations
  38. 38. Design
  39. 39. Hosts
  40. 40. Performance Records</li></ul>17<br />
  41. 41. The Event<br />18<br /><ul><li>Recognition
  42. 42. Networking
  43. 43. Collaboration</li></ul>18<br />
  44. 44. The Event<br />19<br /><ul><li>Recognition
  45. 45. Networking
  46. 46. Collaboration</li></ul>19<br />
  47. 47. The Event<br />20<br /><ul><li>Recognition
  48. 48. Networking
  49. 49. Collaboration</li></ul>20<br />
  50. 50. 21<br />
  51. 51. Incentive Programs in the Post-Carrot Era (?)<br />MelissaVanDyke<br />Engagement Expo<br />June 2010<br />22<br />

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