They provide a way for companies to reach sales targets by motivating employees with predesignated prizes. An employee knows exactly what the reward is and what needs to happen in order to get it. In other words, there is a definitive, tangible incentive for performing well. A well-executed contest can produce amazing results.
Employees plan to use the winnings to buy a refrigerator to store their lunches and refreshments.
First Security Corp., in Salt Lake City, uses a quiz-show game called SuperKnow to pit teams of branch employees against each other in answering questions about the bank's products and services. The finals are televised on local TV stations, and grand prizes are awarded. Just as in the real Olympics, participants hold preliminary meets in such key events as the Peanut Push and the Obstacle Course. By promoting the program and its purpose, setting realistic goals, keeping the contest rules uncomplicated, and linking rewards directly to performance, contests can be successful motivators. Earliest info on new businesses, homeowners Insurance Center Covering the needs of small business owners Legal Center Hundreds of business legal tools Office Products Special deals on equipment, supplies.