Definition of Success - Program Analysis & Design

Whatever your needs for an incentive program or rewards program, you need to establish a clear definition of success. Being able to track and measure key performance indicators is the best way to prove the effectiveness of your incentive programs or rewards programs. At Incentive Logic, it's not enough for our clients to feel successful; we think you deserve proof. Moreover, what we measure must mean something tangible to your business.
All IGNITE points solutions include program design and you have two options:

• Performance Impact Assessment plus Program Design or
• Incentive Program Design

Performance Impact Assessment (PIA)

Incentive programs or rewards programs are popular now and many businesses are eager to try this new tactic. Some may already see the benefits of modifying behavior through performance incentives. Some may just be getting their feet wet because their competitors are having success with performance incentives. Wouldn't it be great to know the impact an incentive program or rewards program could provide before you invested too heavily? That's what the performance impact assessment tells you:

• What are our potential risks?
• Who are the targets with the most impact?
• What are our competitors doing?
• How will this affect our bottom-line?
• When could we see results?

PIA Includes these Program Design Components:

• Business case
• Key areas of change
• Reward actions
• Demographic analysis
• Reward targeting
• Reporting requirements

Incentive Program PIA also Provides:

• Year one financial forecasting
• Competitive analysis
• Analysis of existing efforts
• Industry-specific best practices
• Participant survey(s)
• Segmentation analysis
• Phased development plan
• Marketing plan
• Key performance indicators
• International requirements

Incentive Program Design

All IGNITE point solutions include incentive program or rewards program design. Whether you start with a PIA or provide your own impact analysis, when you are ready to launch your performance incentives program, we expand and refine your incentive program design to include point valuation and strategy. We define exactly the frequency of actions and redemption levels to drive your desired performance.

Incentive Program Design Includes:

• Business Case
• Key behavioral changes required
• Incentive objectives
• Reward actions, frequency, and value
• Ideal point-to-dollar conversions
• Redemption levels
• Demographic analysis
• Reporting and monitoring metrics
• Minimum annual redemption expenditures
• Resource and client requirements
• Risk assessment

Incentives, Motivation and Workplace Performance Study International Society of Performance Improvement

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