Rewarding teams
Incentives schemes are frequently built around team behaviour and results, but rewarding teams as a team can be much more problematic; often the reward is difficult to split several ways and ends up being divisive.
An effective alternative could be to use experiential rewards and there are several advantages to this approach:
- Involving the team in a group experience cements their success and enhances the bond between them.
- A group experience avoids the potential of an unfair split of reward.
- The perceived value of a group experience frequently outstrips the monetary cost.
- A successful team experience will act as free PR and an effective stimulus to the other teams.
- Research shows that experiential memories are longer lasting and more valued than cash rewards i.e. more people can recall the team away-day than what they spent their last bonus on.
Love2reward has a great experience product in Love2play, which can be used individually or collectively. In addition we offer a bespoke travel agency and travel gift card for great incentive travel rewards.
The solutions we recommend you consider for this initiative are as follows: