Discover Tability: the AI platform that turns OKRs into results | Learn more →

3 strategies and tactics for Incentives

What is Incentives strategy?

Every great achievement starts with a well-thought-out plan. It can be the launch of a new product, expanding into new markets, or just trying to increase efficiency. You'll need a delicate combination of strategies and tactics to ensure that the journey is smooth and effective.

Finding the right Incentives strategy can be daunting, especially when you're busy working on your day-to-day tasks. This is why we've curated a list of examples for your inspiration.

Copy these examples into your preferred app, or you can also use Tability to keep yourself accountable.

How to write your own Incentives strategy with AI

While we have some examples available, it's likely that you'll have specific scenarios that aren't covered here. You can use our free AI generator below or our more complete goal-setting system to generate your own strategies.

Incentives strategy examples

You'll find below a list of Incentives tactics. We also included action items for each template to make it more practical and useful.

Strategies and tactics for building a reward incentive program

  • ⛳️ Strategy 1: Define clear objectives and rewards

    • Identify key tasks and goals that need to be incentivised
    • Set measurable benchmarks for each task or goal
    • Determine appropriate rewards for different levels of task completion
    • Establish criteria for earning rewards within the programme
    • Create a reward catalogue with tangible and intangible incentives
    • Align rewards with employee preferences and organisational goals
    • Develop a reward distribution schedule and communicate it clearly
    • Incorporate feedback from participants to adjust objectives and rewards
    • Ensure rewards are sustainable within the programme budget
    • Monitor satisfaction and effectiveness of current rewards

  • ⛳️ Strategy 2: Implement a transparent tracking and evaluation system

    • Select a digital platform to track task completion and progress
    • Create user-friendly interfaces for employees to track their own progress
    • Automate notifications for upcoming deadlines and milestones
    • Develop a point system to quantify progress and reward eligibility
    • Enable team leaders to access dashboards for performance evaluation
    • Regularly report on individual and team standings within the system
    • Integrate feedback mechanisms for continuous improvement
    • Offer training sessions on utilising the tracking system
    • Ensure data privacy and protection within the tracking platform
    • Periodically audit the system to maintain accuracy and reliability

  • ⛳️ Strategy 3: Foster a motivational and supportive environment

    • Encourage peer recognition for completed tasks and goals
    • Organise workshops on goal-setting and task management
    • Provide mentorship opportunities for skill and career development
    • Recognise achievements publicly through awards or announcements
    • Create a platform for employees to share success stories and tips
    • Establish team competitions to encourage collaboration
    • Offer non-monetary incentives such as additional time off
    • Regularly communicate programme updates and success stories
    • Solicit feedback on workplace culture and environment improvements
    • Address any barriers or challenges faced by participants promptly
incentivesperformanceprogram-managerteam-leaderhuman-resourcesoperations
Implement these strategies

Strategies and tactics for creating an incentive rewards program for individuals

  • ⛳️ Strategy 1: Identify and understand the target audience

    • Conduct surveys to gather data on the target audience's interests and preferences
    • Segment the target audience based on demographics, interests, and behaviours
    • Analyse the gathered data to determine common goals and motivations within the target audience
    • Identify key challenges and barriers faced by the audience in achieving their goals
    • Research successful incentive programs previously implemented for similar audiences
    • Define clear and measurable goals that align with the audience's aspirations
    • Develop user personas to better understand and empathise with the target audience
    • Consult with industry experts to validate audience insights and program objectives
    • Create a communication plan tailored specifically to the diverse segments of the target audience
    • Ensure that the incentive rewards align with the audience's values and lifestyle preferences

  • ⛳️ Strategy 2: Design a compelling and meaningful reward structure

    • Determine the types of rewards that would be most motivating for the audience
    • Calculate an appropriate budget for the reward program, including potential costs for each reward type
    • Establish clear criteria for earning rewards, making them achievable yet challenging
    • Incorporate tiered reward levels to maintain ongoing interest and motivation
    • Include both tangible and intangible rewards, such as experiences or recognition
    • Ensure rewards are distributed in a timely manner to maintain momentum and satisfaction
    • Create a mechanism for feedback and suggestions to improve the reward offerings
    • Review legal and tax implications associated with various types of rewards
    • Partner with reputable suppliers or providers for reward items or experiences
    • Regularly assess the effectiveness of rewards in motivating participants and adjust as needed

  • ⛳️ Strategy 3: Implement and promote the rewards program

    • Develop a comprehensive plan to launch the rewards program to the target audience
    • Prepare marketing materials that clearly communicate the program's benefits and structure
    • Leverage multiple communication channels such as social media, email, and events to reach a broad audience
    • Train staff and partners on the program details to ensure consistent and accurate information
    • Introduce a pilot phase to test the program's impact before a full-scale rollout
    • Monitor program participation rates and gather qualitative feedback from early participants
    • Highlight success stories and testimonials to encourage wider participation
    • Implement a referral program to incentivise existing participants to recruit new members
    • Use analytics tools to track and analyse engagement with the program over time
    • Continuously update and refine program materials based on feedback and performance data
incentivesmotivationprogram-designermarket-analystsmarketing-teamresearch-team
Implement these strategies

Strategies and tactics for implementing a Recruitment Strategy for Animal Emergency Australia

  • ⛳️ Strategy 1: Utilise multi-channel sourcing

    • Partner with job boards like Seek, Indeed, and Kookaburra to post job openings
    • Establish partnerships with universities for a steady flow of graduate placements
    • Target international markets such as the UK, US, and Canada through social media campaigns
    • Develop an international recruitment campaign focusing on relocation packages
    • Create video content showcasing AEA as a preferred employer
    • Host webinars and virtual career fairs to engage with potential candidates
    • Build a database of passive candidates for future opportunities
    • Collaborate with international recruitment agencies
    • Utilise employee referrals to access local and international talent
    • Review and analyse recruitment metric data to refine strategies

  • ⛳️ Strategy 2: Enhance employer branding and workplace culture

    • Develop a compelling Employee Value Proposition focusing on professional growth
    • Share regular employee success stories on social media platforms
    • Expand mental health initiatives and psychological support programs
    • Organise regular team-building activities and social events
    • Establish a recognition program to reward outstanding contributions
    • Conduct employee surveys to assess satisfaction and gather feedback
    • Regularly review and adjust compensation to remain competitive
    • Offer employee perks such as pet care discounts and health resources
    • Increase presence on employer-review platforms like Glassdoor to improve ratings
    • Implement communication channels to enhance employee morale and engagement

  • ⛳️ Strategy 3: Improve candidate experience and streamline the recruitment process

    • Create a mobile-friendly application process with minimal steps
    • Implement an AI chatbot for initial candidate queries and FAQs
    • Launch a candidate portal for real-time updates during the recruitment process
    • Ensure feedback is provided to candidates within 5 business days after interviews
    • Develop a structured onboarding program with assigned mentors
    • Conduct 90-day post-hire reviews to assess onboarding effectiveness
    • Monitor application drop-off rates and adjust processes to reduce barriers
    • Implement regular candidate experience surveys to gather feedback
    • Standardise communication templates for timely and consistent messaging
    • Introduce automation tools to schedule interviews and manage candidate workflow
recruitmentemployer-brandingrecruitment-managertalent-acquisition-specialisthuman-resourcesmarketing
Implement these strategies

How to track your Incentives strategies and tactics

Having a plan is one thing, sticking to it is another.

Having a good strategy is only half the effort. You'll increase significantly your chances of success if you commit to a weekly check-in process.

A tool like Tability can also help you by combining AI and goal-setting to keep you on track.

More strategies recently published

We have more templates to help you draft your team goals and OKRs.

Planning resources

OKRs are a great way to translate strategies into measurable goals. Here are a list of resources to help you adopt the OKR framework:

Table of contents
Copyright © 2024 Tability