The high honor of status and exclusivity of their experience will be remembered forever. On the other hand, if you are a small company starting out with a limited budget, or you don t want everyone away at the same time, individual awards can be creatively designed to offer a unique experience. Each winner will return with memories that will last forever and truly motivate them to win again and again. The returning winners will share their extraordinary experience which will serve to motivate others who have yet to join this honorary group of winners. Non-Cash Awards 1.
Cash is considered income.
When people receive a cash bonus or gift, they subconsciously think income. They come to expect it as part of their compensation package. If they don t get it every year, or get less, they feel as if their salary was cut which is exactly the opposite of what you re trying to accomplish with an incentive program. Non-cash programs have a beginning, a middle, and an end. Cash has no trophy value or lasting effect.