Setting up your Reward Program

Step by Step List For Setting up Your Reward Program!
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Our recognition and incentive experts have put together the following reward program setup checklist so you can easily organize the launch of your program without missing any details. This list will detail exactly what you should have ready when you become a client of Awards Network. If you need assistance at any stage of planning or implementing a reward program, our Account Management team will provide insights and experiences to help out along the way.

Determine what kind of reward solution will help you meet your organizational goals.
Get budget approval for your reward program and present your reward solution and budget for final approval.
Write a list of the reasons people will receive recognition awards or for incentive programs, list out the goals of the program.
Assign an award collection to the recognition awards or a point value to your incentive program goals.
Develop benchmarks for the organizational goals you are targeting.
Contact our Director of Sales to have your Account Manager Assigned.
Send your Account Manager any artwork, order information and program requirements you have.
Make a plan to monitor your reward program and evaluate and update it on a regular basis.

Determine what kind of reward solution will help you meet your organizational goals.

Depending on what your industry challenges are and the unique organizational goals you have, there is a reward solution to fit your specific needs. If you need help determining what kind of award program would help your company the most, our Account Management team can provide assistance and guidance based on our over 55 years of experience. At this early stage of the planning process, you also want to gather employee feedback on how they would like to see a reward program function and reward workers.
Get budget approval for your reward program and present your reward solution and budget for final approval.

Gaining approval for your recognition award or incentive program is vital to moving on with the next steps of setting up a reward program. Our Account Management team can help you prepare for any presentations and share case studies and experiences to show the impact that a reward program could have on your workplace.
Write a list of the reasons people will receive recognition awards or for incentive programs, list out the goals of the program.

For a recognition award program, you will need to list out all of the milestones or achievements that people will be eligible to earn recognition awards for. Even if your company is just looking at starting a straightforward service award program, you will need to list out how many years of service an employee should reach before they earn an award. Although many companies award employees for every fifth anniversary year, other organizations recognize employees in different frequencies. Also, keep in mind how to handle retro-active awards. What happens if a person reached thirty years of service the week before a service award program is officially implemented? All of these questions should be answered so that the recognition program is fair and equal treatment is given to employees being recognized for different milestones and achievements.

For an incentive program, a list of all the goals you would like to include in your program should be drafted. Depending on if you are targeting different departments or levels of employees, you may need to come up with a general list of company-wide goals and separate lists of job-specific objectives. Our Account Management team has experience in developing goals for organizations in various industries and for multiple divisions and departments. We can provide you with an initial list of common goals based on who you are targeting the incentive program towards.
Assign an award collection to the recognition awards or a point value to your incentive program goals.

Knowing the total budget amount allotted and a good estimate of the number of recognition awards that will be given each year or participants in your incentive program, one can calculate the per person dollar value to safely spend on each recognition or incentive award. It is essential to establish a set value to ensure each person in the award program is receiving equal recognition and rewards for any given accomplishment. Making the reward program fair is a major part of the program being relevant and successful.
Develop benchmarks for the organizational goals you are targeting.

In order to gauge the impact and ROI of your recognition award or incentive program later on, you will need to develop benchmarks for comparison. If you are implementing an employee engagement program in order to reduce employee turnover, then you should measure turnover rates and hiring or training expenses just before the award program is implemented. Tracking and reporting the results of your reward program is much easier if you establish benchmark data prior to the kick off of the program.
Contact our Director of Sales to have your Account Manager Assigned.

Although you may have been in contact with our Account Management Team throughout the process of setting up your reward program so far, when you have finished steps one through five, it is time to get your program off the page and into action. Once you give us the green light, our Director of Sales will assign a dedicated Account Manager to your account who will be a single point of contact throughout the award program. Your Account Manager will contact you within one business day with all of the information needed to get your reward program started on our end.
Send your Account Manager any artwork, order information and program requirements you have.

Since your incentive or recognition program is completely customized for your needs, you will need to send over any images, text, logo(s) or other reward program information that you would like included in your components, supplements and/or website. Depending on when you would like your award program to kickoff or when you need to receive your printed materials in-hands, your Account Manager will work to ensure all of your deadlines and expectations are met.
Make a plan to monitor your reward program and evaluate and update it on a regular basis.

Scheduling time to review employee feedback and recognition or incentive program reporting is an important component of long term success. Make time to sit down and analyze your reward program and tweak it if necessary.

Setting up your Reward Program | Awards Network