There are many reasons you may need to end an?incentive program: lack of budget, company re-organization/buyout, goals met, purpose served…but chicago jersey there are only two ways to end a program without negatively impacting participants. This week, let's examine the two options you have when you decide it is time to stop giving employee incentives.
Ending a program
Incentive programs end when an organization decides to no longer give recognition and rewards to participants. Sales contests, employee performance and training awards programs are often started with an end date in mind. Other incentive programs may continue but have a clause for unspent points to expire within a certain amount of time; the same considerations apply to these programs as if you were ending them.
If you have decided to end a program, there are several considerations to make. Mainly, you do not chicago jersey want to abruptly end a program without giving participants a chance to spend all or part of the points earned. If you do not give notice, not only will employee engagement be negatively impacted, but if you ever decide to start an incentive program in the future, some people may not be interested in participating for fear of losing all their points earned at a moment's notice. In order to avoid these
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