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Why One Reward Currency is the New Motivational Standard

  • Madison
  • Feb 5, 2021
  • 1 min read

August 26, 2014 | By Mike Ryan


Seventy percent of all businesses have up to a half dozen different performance improvement initiatives in play at any one time. Yet, many fail to gain the optimal result from each simply because they have overlooked one simple truth: a single reward currency can have the most effect on motivation.


Madison initiated the trend toward program consolidation. We have long championed both the practical and motivational benefits of moving multiple programs onto a single delivery platform where they can share a common currency. Over the years we have advised many businesses—many of whom started out using multiple vendors with different reward currencies—on how to effectively consolidate their offerings. Today the companies that followed our lead have much to show for it. They have radically reduced expenses and perhaps more importantly, significantly enhanced the motivational impact of each and every incentive and recognition program they offer.


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ABOUT THE COMPANY

​Nearly five decades ago, our founder, Werner Haase, started Madison in 1975. Beginning as an incentive company, Madison had the first internet-based sales contest in 1995, followed a few years later by the first consolidated recognition web portal application.

 

Madison has evolved through consistent organic growth from a starter incentive company in the 1970s to a leading global social employee recognition and incentive company.  

Madison is a proud Employee Stock Ownership Plan (ESOP) company. Through our ESOP, employees earn shares in the company over time, creating an added retirement benefit that grows alongside Madison’s success. With ownership comes a deeper commitment in the work we do and the clients we serve.

 

Partnering with an ESOP company means working with people who truly care—because when we succeed, we all share in the rewards.

CONTACT

315 Madison Avenue

New York, NY 10017

212-758-4385

info@madisonpg.com

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