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2014 Trends in Incentives and Recognition. December 2013. Speaker. Melissa Van Dyke President Incentive Research Foundation. Four Types of Trends. #1 Outcome-Based Engagement. Implications. Tangible Outcomes Shift Focus Strong Opportunity

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2014 Trends in Incentives and Recognition

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2014 trends in incentives and recognition

2014 Trends in Incentives and Recognition

December 2013


Speaker

Speaker

Melissa Van Dyke

President

Incentive Research Foundation


Four types of trends

Four Types of Trends


1 outcome based engagement

#1 Outcome-Based Engagement


Implications

Implications

  • Tangible Outcomes

  • Shift Focus

  • Strong Opportunity

  • Highlight Outcomes (sales, retention customer sat)


2 poaching skill gaps shifts

#2 Poaching, Skill Gaps, Shifts


2 implications

#2 Implications

Retention Focus


3 leadership squeeze talent pool

#3 Leadership Squeeze/Talent Pool


Implications1

Implications

  • Multi-Faceted Approach

  • Leverage HR Systems (R&R Platforms)

  • Focused time during Incentive Travel

  • Mentoring


4 digital revolution

#4 Digital Revolution


Implications2

Implications

  • Personalized Experiences

  • 24/7 Access

  • Social Integration

  • More Bandwidth

  • Virtual Cards


5 big data

#5 Big Data


Implications3

Implications

  • Add More Data Streams

  • Widen Feedback Loops

  • Quick Discovery Tools/Methods


6 quality vs quantity incentive travel

#6 Quality vs. Quantity Incentive Travel


Implications4

Implications

  • Stronger Budgets

  • More Robust Programs

  • Non-Meal Components Focus


7 total travel experience broadens

#7 Total Travel Experience Broadens


Implications5

Implications

  • Social Media

  • CSR

  • Wellness

  • Food Tourism


8 merchandise non cash incentives

#8 Merchandise/Non Cash Incentives


Implications6

Implications

  • Strong Budgets

  • Electronics

  • Wellness

  • “Aware Technologies”


9 procurement morphing

#9 Procurement Morphing


Implications7

Implications

  • Embedded

  • Advisor-Driven

  • Value Focus


10 more complex sales

#10 More Complex Sales


Implications8

Implications

  • More Complex to Sell

  • Sales/Ops Synergy

  • Non Cash Optimization


Contact us

Contact Us

theIRF.org

iPhone & Droid Mobile App

Incentive Research

Foundation

@theIRForg


2014 trends in incentives and recognition

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