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The effectiveness of incentive programs in times of recession

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Incentives and StaffThe following five points are fundamental reasons why incentive programs, unlike other sales and marketing strategies, withstand economic downturns and retain their overall effectiveness:

  1. Low fixed costs, variable costs driven by performance, high potential return
  2. Ability to effectively target audiences (no pay and spray)
  3. Relative ease of measurement
  4. Flexibility
  5. Potential for both short-term and long-term results

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The long and short of it for any business is that a well implemented incentive program can effectively measure you real ROI and is beneficial in increasing your business’s bottom line and decreasing your cots.

 

 
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