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Performance and Recognition Strategies From The Target Group Inc.
- 1. The Target Group welcomes Jim Kelly & Hall Of Fame Promotions! Click on play button to watch video! Performance & Recognition
- 2. It’s Not About Us. It’s About You!! The Target Group Inc. is a Performance Marketing Company. We focus on “Your Results”, rather than just selling products. At the Target Group our greatest ability is to “Motivate People & Drive Results!” Motivating your employees to perform at higher levels. Reduce employee turnover. Improve safety performance in the work place and lower costly insurance claims. Attract, Convert, and Retain quality employees.
- 3. TargetGroup Solutions There are 5 separate divisions to our corporation. The following presentation outlines the importance of Performance and Recognition Strategies. The Target Group can help you motivate your people, drive results and reduce employee turnover.
- 4. Babies cry for it…
- 5. Athletes strive for it…
- 6. Military heroes are willing to die for it…
- 9. Their performance sky rockets.
- 11. Performance & Recognition For over 20 years, we have been helping some of the most successful organizations improve their businesses.
- 12. Performance & Recognition Although many organizations we work with are from different industries, the one constant with all of them is …PEOPLE!! At The Target Group our specialty is Motivating People – Driving Results”
- 13. COST TO REPLACE AN EMPLOYEE: $13,295 500 employee company x 10% turnover rate = 50 x 13,295 cost per employee $664,750 Source: Robert Half International Performance & Recognition
- 14. RECOGNITION DRIVES RETENTION Top 5 Reasons Good Workers Leave: Limited chance for advancement = 41%. Lack of recognition = 25%. Low Salary/Benefits =15%. Unhappy with Management = 10%. Bored with Job = 5%. Don’t Know/No Answer = 4%. Source: Aberdeen Performance & Recognition
- 19. “Cash is Not King” when it comes to increasing performance. Yes, it’s true….if asked, employees will always say they would like cash for their employee performance award. But, is that really the right question to ask? The question managers need to ask themselves is “what motivates our employees to perform at higher levels”? Here are the facts! Merchandise awards are remembered longer than cash awards. 60% of employees view cash as compensation. 53% of employees look at bonuses as something they are due. Merchandise/luxury awards outperformed their cash group counterparts by 70-80%. Performance & Recognition
- 20. Why Are Merchandise (Tangible) Incentives Better? With money, an employee may ask him/herself “Is that all I’m worth?” which may be worse than not having an incentive at all. Cash incentives and bonuses often become expected compensation. Non-cash incentives tend to be kept separate from compensation, thus standing out as rewards for performance. Non-cash incentives, such as luxury awards, are things people would love to have but would never justify purchasing with their own money. This actually increases the intrinsic value of the award. Luxury incentives also have trophy value and are more likely to be acknowledged than cash. Check out the following link to see an amusing video covering the topic of Cash Gifts: Seinfeld Video – “Gifts Are More Appreciated Than Cash” Performance & Recognition
- 21. Below are links to videos that explain in detail how The Target Group can help you: Create Employee Excellence Health Care Video Recruit, Motivate, and Retain a quality work force HR Video Grow your Business Sales / Mktg. Video Develop a Safe Work Environment Video Increase Sales Video Performance & Recognition
- 22. The Target Group We are the missing piece to your puzzle! Lets Get Started! Call us at 716-871-1111 or send us an e-mail at info@thetargetgroupinc.com
- 23. “Motivating People - Driving Results“ “Your Leader In Performance and Recognition“ 716-871-1111 www.ThinkTargetGroup.com