Top 10 Employee Recognition Software Tools

by Ty Collins on July 6, 2020 in Employee Engagement, Employee Loyalty

Is employee recognition software good for your business? Unquestionably, but you have to ask yourself the following questions first: You can answer these questions when you have employee recognition tools. We are aware that you work very hard to make sure that your employees know that you value them and the work that they do, … Continue reading “Top 10 Employee Recognition Software Tools”

Setting Up an Employee of the Month Program

by Ty Collins on June 24, 2020 in Employee Engagement, Employee Loyalty

Businesses face high levels of employment competition both locally and globally. For long-term success, business leaders must foster a team environment that regularly inspires peak performance levels. Otherwise, star talent will leave for greener pastures. According to statistics gathered by Deloitte, companies that have highly effective employee recognition programs have 31 percent less turnover than … Continue reading “Setting Up an Employee of the Month Program”

5 Ways You Can Adapt to post-COVID-19 Loyalty Marketing

by Ty Collins on May 28, 2020 in Articles, Employee Loyalty, Group Travel, Team Engagement

2020 began like every other year with experts making predictions about how the year ahead would play out. Experts looked into their crystal ball to explain how retail, tech, education, and other major economic areas would change because of disruptive transformations in the marketplace. Nobody, however, foresaw how COVID-19 would bring about unprecedented changes almost … Continue reading “5 Ways You Can Adapt to post-COVID-19 Loyalty Marketing”

Defining Employee Satisfaction and Why it Matters

by Ty Collins on April 19, 2020 in Articles, Employee Engagement, Employee Loyalty

There is a strong correlation between employee satisfaction and workforce productivity. When your employees are content at work and they are engaged, they are more likely to feel motivated to work hard to achieve a high level of output. Likewise, employees who are dissatisfied tend to do the minimum, and highly dissatisfied employees may eventually … Continue reading “Defining Employee Satisfaction and Why it Matters”

Communicating performance data to a team member

"Pay-At-Risk" Compensation Plans Aren't Unconditional Bonuses

by Ty Collins on February 29, 2020 in Employee Loyalty

Pay-at-risk pay is also called variable pay; the model connects employee pay to the financial health of the company, paying out more when the company is doing well and less when the company is struggling. Across the country, up to 90 percent of companies are using some form of pay-at-risk compensation plan. The intention is usually to … Continue reading “"Pay-At-Risk" Compensation Plans Aren't Unconditional Bonuses”

What is Incentive Travel?

by Ty Collins on February 20, 2020 in Articles, Employee Loyalty, Group Travel, Incentive Travel, Individual Travel

What is Incentive Travel? Incentive travel is an important subset of the Meetings, Incentives, Conferences, and Exhibitions (MICE) industry. It is effectively a travel perk used to incentivize or motivate employees or partners. It is often tied to company goals or top performers. In this report from the University of Central Florida Rosen College of … Continue reading “What is Incentive Travel?”

Rewards and Recognition Programs Guide

by Ty Collins on February 12, 2020 in Employee Loyalty, Incentive Travel

A tight job market in a healthy economy creates a dynamic that affects business owners and employees similarly, but both groups have different objectives. Each side hopes to get more out of the other. A middle ground does exist in employee reward and recognition programs though; it benefits small businesses through employee engagement, and employees … Continue reading “Rewards and Recognition Programs Guide”

62 Great Ideas for Celebrating Work Anniversaries

by Ty Collins on January 16, 2020 in Employee Engagement, Employee Loyalty, Team Engagement

Work anniversaries are a big deal in today’s job market, where half of all employees are leaving their jobs before they hit the five-year mark. In fact, according to the Bureau of Labor Statistics and their most recent Job Openings and Labor Turnover Summary, 3.5 million people in the US quit their jobs every month. … Continue reading “62 Great Ideas for Celebrating Work Anniversaries”

Want to Boost Employee Morale? Try Incentive Travel.

by Ty Collins on December 28, 2019 in Articles, Employee Engagement, Employee Loyalty, Incentive Travel

Employee engagement is the backbone of any company. They are why your company thrives, and in some cases, why your company struggles. Employee morale is more important than it ever was before. Keeping your people happy can mean better performance and ultimately a better bottom line. According to Forbes, checked-out employees cost U.S. companies up … Continue reading “Want to Boost Employee Morale? Try Incentive Travel.”

8 Types of Customer Loyalty Programs

by Ty Collins on November 14, 2019 in Articles, Employee Loyalty

Understanding employee loyalty and guessing how your employees will respond to corporate rewards programs doesn’t have to be a trial-and-error process. Thinking of your employees as customers can be an effective approach to generating company loyalty and enthusiasm and compassion for the brand. With that in mind, we’ve found some programs that customers respond to … Continue reading “8 Types of Customer Loyalty Programs”

31 Corporate Team Building Activities Your Employees Will Love

by Ty Collins on October 22, 2019 in Articles, Employee Engagement, Employee Loyalty

The Big List of Employee Activities Is your team’s esprit de corp starting to flag? It could be time to invest in quality team-building activities. Taking a day to refresh your team’s spirit can improve overall performance, which directly affects corporate results. A single day of fun and frolic might not solve every issue, of … Continue reading “31 Corporate Team Building Activities Your Employees Will Love”

Proven Techniques in Driving Distribution Loyalty

by Jillian Fehrenbach on October 1, 2019 in Articles, Employee Engagement, Employee Loyalty, Team Engagement

Your customers are your most important asset, and that’s why it’s worth taking some time to examine your customer loyalty initiatives and how they might be adjusted to drive incremental profit. When distributors hear “contractor loyalty,” they think about travel destinations, employee loyalty, or reward types—and that can be an expensive approach. Achieving contractor customer loyalty … Continue reading “Proven Techniques in Driving Distribution Loyalty”

Employee Recognition Programs and Examples

by Ty Collins on September 24, 2019 in Employee Engagement, Employee Loyalty

Any good manager will tell you their employees are the lifeblood of their organization. They’re what makes the machine of business, the interface between the customers and the company, and the face of the product. Yet employee retention can be a problem. The top reason people leave their jobs? It’s not necessarily the lack of … Continue reading “Employee Recognition Programs and Examples”

corporate perks inforgraphic

20 Corporate Perks You Must Offer in 2020

Corporate culture has changed a lot when it comes to employee retention and perks. Gone are the days of Christmas bonuses and gold watches. Now, the competitive climate of recruitment is rethinking the way businesses handle corporate perks. There are 20 corporate perks that are essential for 2020. Creating a strategy for corporate recognition that … Continue reading “20 Corporate Perks You Must Offer in 2020”

7 Tips for Building a Corporate Rewards Program for Millennials

by Ty Collins on September 11, 2019 in Employee Engagement, Employee Loyalty

The modern workforce is increasingly populated by millennials. They have the IT skills, creativity and energy to keep modern corporations growing successfully. However, keeping these young workers interested and properly motivated can be challenging. Unlike older workers, these young professionals need more than financial incentives to keep them interested in a company. Consistently implementing unique … Continue reading “7 Tips for Building a Corporate Rewards Program for Millennials”

6 Reasons Why Corporations Should Care About Employee Loyalty

by Ty Collins on September 1, 2019 in Employee Engagement, Employee Loyalty

One of the biggest misconceptions about company loyalty and employee retention is that he or she is loyal because they have worked for the company for many years and thusly advocate the employee brand. This is the first mistake that most companies and business professionals make. An employee who has been working for your company … Continue reading “6 Reasons Why Corporations Should Care About Employee Loyalty”

8 Employee Retention Tips

by Ty Collins on August 17, 2019 in Employee Engagement, Employee Loyalty

According to the Wall Street Journal, hiring the right people is the single best way to reduce employee turnover and ultimately nurture loyalty and a better bottom line, but in an increasingly mobile workforce, many young employees have little desire to follow the once standard career path: starting with a company at a young age … Continue reading “8 Employee Retention Tips”

communicating performance data

The Power of Communicating Performance Data to Your Team

by Stephanie Roppolo on July 23, 2019 in Articles, Communication, Employee Engagement, Employee Loyalty, Team Engagement

Communicating business performance data to your team is fundamental to helping them collaborate and engage, and to helping you reach your business goals. The most important data will center around operational and financial budgets, sales incentives and revenue goals, and customer and employee satisfaction; and ultimately tie that data back to your email database. High-performing … Continue reading “The Power of Communicating Performance Data to Your Team”

VIKTOR: 45 Years in Business

by Jillian Fehrenbach on July 22, 2019 in Announcements, Articles, Communication, Employee Loyalty

So much has happened in 45 years at VIKTOR, the company we aptly named after Viktor Weyand who celebrates 45 years with the company today! The year was 1974. Richard Nixon was in the White House and William Milliken was Michigan’s governor. The Watergate scandal hit a peak and Nixon resigned under pressure of being removed … Continue reading “VIKTOR: 45 Years in Business”

Lightbulb ideas on chalkboard

A Checklist for Choosing Rewards

by Jillian Fehrenbach on October 18, 2018 in Employee Engagement, Employee Loyalty, Team Engagement

There are many things to consider when selecting rewards that will engage your employees. Since a lengthy analysis means time and money, we’ve designed this handy checklist to help you choose the rewards that will truly motivate them to work hard and help your business grow.

Aspirational brand logos

Increase Engagement with Aspirational Brands

by Stephanie Roppolo on October 8, 2018 in Employee Engagement, Employee Loyalty, Team Engagement

Can you make your employees feel more valuable with aspirational brands? We think so! Learn how these brands can entice participants to work harder and grow revenue, with our latest article about increasing employee engagement.

Are You Engaging Your Attendees?

by Jillian Fehrenbach on October 24, 2017 in Employee Engagement, Employee Loyalty, Incentive Travel, Meetings

Engagement is certainly one of this year’s buzzwords. And there’s good reasoning behind that. The more engaged your customer, meeting or incentive attendee, or stakeholder, the more loyal they will be to your product, and therefore the more valuable they become to you. So, what are the best ways to engage your event attendees and … Continue reading “Are You Engaging Your Attendees?”

Viktor Weyand’s Career Spans the Slopes as well as the Globe

by Jillian Fehrenbach on March 24, 2017 in Employee Loyalty, Group Travel, Incentive Travel, Wellness

Not many people get the opportunity to work with an icon in their industry, let alone an icon in two industries. Those of us who’ve had the opportunity to work for Viktor Weyand know what a force of nature the man can be; and there are hotel and incentive suppliers around the world that know … Continue reading “Viktor Weyand’s Career Spans the Slopes as well as the Globe”

IRF Releases Top Incentive Trends for 2017

by Jillian Fehrenbach on January 20, 2017 in Employee Loyalty, Group Travel, Incentive Travel, Team Engagement

If you have plans to launch an incentive program this year, you’ll want to know what trends are shaping the industry. The Incentive Research Foundation (IRF) has just released its 2017 Trends Study, which highlights the top ten trends for incentive travel, and reward and recognition programs for the coming year. It identifies key areas for change … Continue reading “IRF Releases Top Incentive Trends for 2017”

The Effects of Change on Employee Engagement

by Jillian Fehrenbach on December 29, 2016 in Employee Engagement, Employee Loyalty

Most of us will admit we aren’t crazy about change. We can also agree that most changes, especially big ones, have some type of impact on us. A new study looks closely at organizational change, and confirms what we thought we knew all along: intense change, such as a company merger or a change in … Continue reading “The Effects of Change on Employee Engagement”

A New Understanding of Generational Differences: Millennials

by Jillian Fehrenbach on November 15, 2016 in Employee Loyalty, Team Engagement

It’s hard to pick up any type of publication these days without seeing something about Millennials and the impact they’re having on society. We decided it was time to get to the bottom of this issue, so at our recent VIKTOR Experience, we presented a session on this very topic. Here are a few of … Continue reading “A New Understanding of Generational Differences: Millennials”

Top Merchandise Awards

by Stephanie Roppolo on August 3, 2016 in Employee Engagement, Employee Loyalty, Team Engagement

Sales incentives stand as the the prototypical rewards package most companies model their compensation strategy around. One of the biggest trends in merchandise these days is that more and more programs are being offered to non-sales employees. Whether it be a safety initiative, wellness or simply employee recognition, the “Incentive Marketplace Estimate Research Study” reports … Continue reading “Top Merchandise Awards”

How to Make Your Incentive Travel Program Successful

by Stephanie Roppolo on October 22, 2013 in Employee Loyalty, Incentive Travel

Draw the line that connects the behaviors you want to motivate with the financial outcome you want to achieve. The Incentive Research Foundation (IRF) conducted research which uncovered five essential elements that, when combined, formed the core of the successful travel program. These were the items that made the program itself successful: The earning and selection … Continue reading “How to Make Your Incentive Travel Program Successful”

Incentives Move Business – Travel and the U.S. Economy

by Jillian Fehrenbach on October 21, 2013 in Employee Loyalty, Incentive Travel

In June of 2013, the Society of Incentive and Travel Executives (SITE), released a white paper with some compelling figures on incentives moving business. “Travel is the sixth largest U.S. industry in terms of employment and is a top 10 employer in 48 states. In 2010, the incentive travel, meetings and events segment of tourism and … Continue reading “Incentives Move Business – Travel and the U.S. Economy”

Employee Engagement: Your Key to Bottom Line Profitability

by Stephanie Roppolo on July 11, 2013 in Employee Engagement, Employee Loyalty

Employee engagement is a measurable degree of an employee’s positive or negative emotional attachment to their job, colleagues and organization that profoundly influences their willingness to learn and perform at work. They genuinely care about the future of the company and are willing to invest discretionary effort. Employee engagement scores also account for as much as half … Continue reading “Employee Engagement: Your Key to Bottom Line Profitability”