“Incentive programs can increase performance
by 27% Individual and team performance by 45%”
Over one-third of Fortune 100 companies reported that they had removed various executive perquisites listed as other compensation in Fortune 100 financial statements like company cars, severance packages and club memberships.
As executive compensation design evolves in light of say on pay, performance shares are now the most commonly granted long-term incentive (LTI) vehicle for Fortune 500 companies. Despite the increasing prominence of performance shares, there continues to be substantial ambiguity regarding how best to measure pay for performance.
For companies using performance share plans, total shareholder return (TSR) has become the most widely used performance metric. It is also used by proxy advisors in assessing the alignment of performance and pay. But dissatisfaction with relative TSR-based performance plans is growing among U.S. executives and directors, suggesting that companies need to be more thoughtful in their selection of performance criteria as they aim to tighten the link between pay and performance.
Global Resorts Network Has The Solution!
How I can get my employees to be more efficient?
Less than 25% of American workers are working to their full potential and 50% of American workers do more than they are asked. One way to increase individual and team performance is a well-planned incentive program – The advantage of Global Resorts Network (GRN). Incentive programs can increase performance by 27% Individual and team performance by 45%.
How should I reward my employees for their performance?
Of all the incentives opportunities, travel is the choice of top prize winners of incentives. In Global Resorts Network, we are proud of our customers receive satisfaction. According to the Forum Corporation, 70% of unhappy customers abandon vendors because of poor service. By selecting one of the incentive programs Global Resorts Travel Packages, your employees will be more willing to go the extra mile to make their customers happy.
Why should offer an incentive trip rather than monetary incentives?
Studies show that monetary incentives do not motivate and non-monetary incentives and monetary benefits are less lasting value. It has been found that it would take twice as much money for a prize as valuable as any other incentive reward. 66% of executives believe that incentive travel programs and merchandise are more memorable than those using cash, and 60% of executives believe that the creation of an incentive program is easier with travel incentives and of goods rather than cash incentives. Travel Rewards work best when companies want to put aside the incentive program for monetary relief so that the reward system becomes not expected. There will be a greater impact on their employees if the value of recognition for their awards are high. Not only can offer travel incentives to its employees, but also to its major customers.
How much is an incentive travel program will cost?
Ultimately, our incentive travel programs can make money rather than cost money. Many companies report a return on investment of over 18% in incentive travel expenses. Well designed and executed incentive programs can increase sales by 25% on average. Because of this, the cost of the awards in proportion to the increased sales volume is usually low – leading to increased profitability of your business.
How I can know if my company fits the profile of a travel incentive program?
If your company is interested in increasing sales and / or productivity, then you can benefit from incentives to Global Resorts Network – The advantage of Global Resorts Network Luxury Travel Incentives are also useful for team building and customer applications appreciation. Not only can travel incentives to increase sales, productivity and teamwork, but have proven effective in reducing turnover and attract more qualified candidates.
How can I apply these different travel incentives?
There are many ways in which our Global Resorts Network Luxury Travel Incentive Programs can be applied to your company. Some of the suggested applications are:
- Recognition of key employees
- Sales incentives
- Consumer appreciation
- Customer promotions
- Special prizes
- Outstanding customer service
- Hiring bonuses
- Retirement gifts
Watch The Video Below!
Watch the video below, then we’ll setup a private meeting and we’ll take you through our individual Platinum Plus vacation membership plan. This lifetime membership is willable and transferable.
What do I need to do next?
To discuss which incentive program would work best for your company, please contact Larry Wells at (905) 385-3470. We look forward to hearing from you!