Madison Performance Group

Performance Perspectives is an executive briefing dedicated to sharing new ideas, insight and "perspectives" governing the use of recognition as a strategic solution to a host of emerging business concerns.

The utilization of non-cash reward offerings has become increasingly prevalent. Studies have continuously proven that non-cash awards increase productivity, performance and overall employee engagement at faster and higher rates than cash awards.

If your organization has several different types of non-cash initiatives going on simultaneously, having points that are not combinable between programs can limit the motivational impact they have on employees. How can you benefit from implementing one shared currency across all of your programs?

In this month’s Performance Perspective, Mike Ryan explores:

  • The many benefits of one reward currency
  • What are non-cash awards?
  • The missed opportunities when programs are isolated
  • How to consolidate your reward currency

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Employer-sponsored wellness programs are on the rise. When instituted properly they can help contain the upsurge in healthcare premiums. Depending on your company’s size those savings can amount to millions of dollars per year. Beyond the obvious cost savings, wellness offerings also reaffirm your company’s commitment to the health and well-being of everyone who works there, a strategy that’s sure to help attract and retain top talent in a competitive labor market.

Given everything that’s on the line here, employers must rethink the way they go about designing and delivering their programs. Fortunately for them, Madison offers an alternative. If you are planning a wellness program, or are looking to get better results from your wellness initiatives, we think you will find this month’s Performance Perspective valuable. In this month’s Performance Perspective, Mike Ryan explores:

  • Why you should choose Madison for wellness
  • The connection between employee engagement and wellness
  • How wellness is delivered
  • Why behaviors that are reinforced are the behaviors that are retained

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Incentive travel has always been a powerful motivational tool for managers and business owners. Non-cash awards such as travel increase productivity, performance and overall employee engagement.

In an economy that demands all investments prove their worth, you might be asking “How good of an investment is our incentive travel program, exactly?” To answer that question, Madison put their analytical powers to work.

In this month’s Performance Perspective, Mike Ryan explores:

  • Why incentive travel is a good investment
  • How incentive travel as a motivator trumps cash
  • The ROI of travel incentives
  • Tips on how to maximize your return

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Is your business working together to achieve its goals? If you’re like most organizations there’s work to be done in that area. Less than 10% of employees fully understand their company’s strategy or worse, their role in carrying it out. This a dangerous disconnect—one that can negatively impact performance, profitability and growth, but there is something you can do about it.

With so many companies searching for ways to gain and keep a strategic advantage, introducing measures that prevent any misalignment between the goals of the organization and an individual’s focus is not just good business, it’s critical. Failure to address misalignment will cost you.

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Reward programs can be highly effective tools in driving the two things that matter most to businesses right now: engaged employees and sales force effectiveness.

When designed and implemented correctly, employee recognition programs elevate engagement levels, which, in turn, drive improved organizational outcomes. Workers who are emotionally and intellectually committed to their jobs are significantly more productive, customer-focused, collaborative and innovative in the way they go about their business.

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