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Incentive Programs: Why Smart Companies Turn to Incentives to Boost Business

Most companies understand that incentive programs lead to happier and more satisfied employees as well as customers.

What most don’t realize is the incredible financial benefits and how these programs are more effective than traditional sales and marketing strategies.

The International Performance Center recently outlined five reasons that highlight the benefits of incentive programs:

1.  Low fixed costs and variable costs are driven by performance

2.  Ability to effectively target audiences

3.  Relative ease of measurement

4.  Flexibility

5.  Potential for both short-term and long-term results

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Wellness Programs Improve the Bottom Line and Increases Employee Loyalty

With all the talk in the media about the scary swine flu, I thought today would be appropriate to discuss the benefit of wellness programs inside your organization.

Wellness programs are vital to your company’s long-term success because they are designed to motivate your employees to take care of their health!

The financial benefits are obvious.

  • According to research, wellness programs can reduce absenteeism 28 percent, worker’s compensation 30 percent, and health care costs 26 percent.*
  • In addition, each $1 invested in wellness programs saves $3.50 in health care costs.*

Plus,  your employees will become increasingly loyal to your organization when they see that taking care of themselves equals success in the workplace.

*Source: Partnership for Prevention Study

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About Us

Taraci Motivation, founded by Tom Taraci, is a leader in the incentive marketing and corporate gift business.

For more than 28 years, the firm has created incentive marketing programs for industry leaders including: Merrill Lynch, Microsoft, Westcon, Ryland Homes, Jerzees and Morgan Stanley.

We are recognized as the first firm to offer organizations the ability to run their incentive programs on Facebook.

For more information, email us at tom@taraci.com or call 212.243.7733.


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