3 reasons why group dining is the perfect motivational event
Surprisingly, while sightseeing and free time are important components of group travel incentives, group meals are the most important. When the Incentive Research Foundation (IRF) and the SITE Foundation asked which activities were key to incentive program success in their 2024 Incentive Travel Index, who would have thought that group dining would be at the top of the list? But in fact, 51% of respondents believe group dining is the most important activity, although group cultural sightseeing experiences are closely followed by 50%. Group dining also jumped two places in the ranking of the most popular activities among attendees, from third place in 2023 to first place in 2024. Why are group dining so popular for travel incentives? Build relationships, collaboration and teamwork. Eating together makes it easier for people to relax and socialize, thereby strengthening camaraderie and community. When they eat together, they tend to learn more about each other outside of their work roles. Often, the content shared…
Are your incentives gender specific? – Prevue Conference and
Incentives are not gender neutral—according to a study by IRF, women and men tend to respond differently to different types of incentives, recognition, and rewards. Men and women may work equally hard to be rewarded by their employers, but it may be more effective if companies tailor incentive, recognition and reward programs based on gender. Women make up nearly half of the U.S. workforce—more than half of the white-collar workforce—but they tend to be less satisfied than their male colleagues about nearly everything related to their jobs, including how their work is recognized and rewarded. While individual preferences vary based on a variety of factors, “there is strong evidence that men and women prefer different rewards, perceive rewards differently, and respond differently to incentives and rewards,” concludes an action academic study titled Differences in Men’s and Women’s Workplace Reward Preferences and Outcomes by the Incentive Research Foundation (IRF). The differences outlined in the report include: Women are more likely to…
Companies with outstanding performance vigorously promote incentive travel
New research from IRF shows that high-performing companies motivate employees with incentive travel and gift cards more frequently than lower-performing companies. According to a new white paper from the Incentive Research Foundation (IRF) and Insperity, top-performing companies use a variety of incentives to recruit, retain and motivate employees, but incentive travel and gift cards are most commonly used. It also found that non-cash incentives are most effective in improving employee performance and business results. The study, titled Driving growth through total rewardsAnalyzes how top-performing companies design and manage their total rewards programs to maximize employee performance. The study examined multiple parameters, including organizational performance, culture and talent acquisition and retention, and the key outcomes that each individual reward element could deliver. The study also broke down the results by specific industries: professional services, healthcare, retail, finance, technology and manufacturing. The most important insights from the white paper include: Non-cash rewards and recognition are key to reinforcing behaviors that drive business…
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