Sucessful corporate reward and incentive schemes

Achievement through endeavour. Your targets surpassed.

"Pride is the recognition of the fact that you are your own highest value and, like all of man’s values, it has to be earned."

Ayn Rand, 1905 - 1982

Many companies, when considering reward and incentive events, concentrate more on the reward than the incentive. This can lead to some understandably stiff competition from those responsible for signing the cheques. At Mountain Leap, we believe that these people are missing a trick. The essence of a successful incentive and recognition scheme is the balance of the two factors associated with it. The effort of those incentivised must match the recognition and reward and vice versa.

If managed properly, rather than cost a company money, incentive and recognition schemes can increase performance and sales.

As a motivational tool, money is effective, but only for a limited amount of time and only for certain people. As Maslow's hierarchy of needs explains, once our physical needs are met and we can afford the necessities in life, human beings search for a feeling of belonging (this is where motivation and teambuilding comes in) but the next step is that of recognition. Hard working, intelligent people require recognition of their talent and endeavour from their peers and superiors. Without this, motivation fades.

There are certain individuls who always blow their targets out of the water, through an innate drive that motivates them to be better than everyone else. These people can be very valuable to your organisation. The only problem you face is that these people tend to be successful wherever they go and whomever they work for. The trick is keeping them interested in your company and harnessing their drive to influence the rest of your team.

A true incentive scheme should ensure your whole team strives to fit this description. The recognition part ensures that they stay with you to do it all again next year.

If Mountain Leap can work with you to generate a situation where not only do you get to have an outstanding event that binds your staff to the company, but you actually make more money than if the event didn't exist, then we think we’re on to a winner.

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