Incentive Planning Always On Challenge Incentive Planning Considerations

Incentive Planning Always On Challenge

Incentive Planning Considerations An Always On challenge incentives plan should be simple to execute, easy to understand, and ideally align to an existing employee rewards and recognition program. Recommended considerations: • • • Align with HR and Legal to ensure organizational and tax implications are considered. What are the goals of your program and cultural behaviors you are looking to reinforce? Confirm that available and ongoing budget exists. Look to develop long-term sustainable incentives such as intrinsic motivators and annual recognition events. Plan and prepare for potential pitfalls.

Incentive Planning Concepts Incentive Types • Selected (winning) Ideas (ideas that are selected for action) • Cross Incentives (behaviors reinforced mid- process) Selected Ideas: • Should be awarded to ideas that graduate successfully out of the idea lifecycle • Aim to balance physical reward and recognition (extrinsic & intrinsic) Cross Incentives (2 groups) • Behavior Awards (Early Adopters, Top Collaborators, Reviewers, Voters, etc. ) • Milestone Awards (1000 th person, 100 th idea, etc. )

Example incentives and recognition Intrinsic Extrinsic Innovation Awards Recognition/Performance Note Professional development Cross Business Secondment New Business Opportunity Participate in development of ideas Shadowing Leader Executive Mentoring Lunch with an Executive Charity Donation Cash/Bonus Time off Family Vacation Prize Team Lunch Team Prize Technology Prize Upgraded Phone Handset Innovation Gadget Gift Cards/Vouchers Parking Spots

Common pitfalls to avoid 1. Lack of executive sponsorship 2. Lack of cultural alignment 3. Unbalanced extrinsic vs intrinsic recognition 4. Unsustainable / high cost / distribution issues / storage 5. Legal & HR issues 6. 4 th place syndrome 7. Abundance 8. Nepotism

Sample Plan Incentive Qualification Number Frequency Innovation program t-shirt Randomly selected from first 200 users 10 Week 1 Call-out in newsletter/email and signed thank you note Highest # of comments + votes 1 Monthly Top Innovator trophy Highest # of ideas 1 Monthly Participation in idea implementation. Announcement @ Town Hall, newsletter, and Spigit Success Page. First idea to be actioned 1 ASAP Announcement @ Town Hall, newsletter, and Spigit Success Page. Idea actioned ongoing