Connect with us

Brainstorms

Add This Creative Spin to Your Next Employee Award Contest

Try this to make your employee rewards truly special.

mm

Published

on

Add This Creative Spin to Your Next Employee Award Contest

The North American division of HSBC, a London-based bank, does a neat twist on its annual awards contest — employees are asked what they would like to receive should they win. The prize value is capped at $10,000, and it cannot be redeemed as cash. “You can imagine the impact these personalized prizes have on HSBC employees,” writes Marcus Buckingham in The One Thing You Need To Know. “It’s one thing to be brought up on stage and given yet another plaque. It’s another when you receive a college tuition fund for your child, or the Harley-Davidson motorcycle you’ve always dreamed of, or—the prize everyone at the company still talks about—the airline tickets to fly you and your family back to Mexico to visit the grandmother you haven’t seen in 10 years.” Could you offer a scaled-down version of such a prize?

Over the years, INSTORE has won 80 international journalism awards for its publication and website. Contact INSTORE's editors at editor@instoremag.com.

Advertisement

SPONSORED VIDEO

When There’s No Succession Plan, Call Wilkerson

Bob Wesley, owner of Robert C. Wesley Jewelers in Scottsdale, Ariz., was a third-generation jeweler. When it was time to enjoy life on the other side of the counter, he weighed his options. His lease was nearing renewal time and with no succession plan, he decided it was time to call Wilkerson. There was plenty of inventory to sell and at first, says Wesley, he thought he might try to manage a sale himself. But he’s glad he didn’t. “There’s no way I could have done this as well as Wilkerson,” he says. Wilkerson took responsibility for the entire event, with every detail — from advertising to accounting — done, dusted and managed by the Wilkerson team. “It’s the complete package,” he says of the Wilkerson method of helping jewelers to easily go on to the next phase of their lives. “There’s no way any retailer can duplicate what they’ve done.”

Promoted Headlines

Most Popular