Insight on Coaching
Coaching As An Incentive
Season 4, Episode 10 - Air Date: October 8th, 2007
Audio File - Length 54:48, File Size - 12.5 MB
Your company has decided to institute an incentive reward program, but wants to ensure a healthy mix of incentives that foster the behavioral change and motivation that will lead the organization to success.
What are today’s corporations using to reward employees within their organizations? And how can coaching be used as an incentive?
Our guests discuss the in’s and out’s of incentive programs, as well as what you can do to add coaching to the list.?
Guests
Summary
A 2002 study by the Incentive Research Foundation examined the $27 billion incentive industry, and found that incentives are more important than ever in motivating employees.
Additional research from the Society for Human Resource Management’s 2005 Rewards Program and Incentive Compensation Survey Report shows an overwhelming majority of organizations offer a monetary or non-monetary reward program.
Our guests discuss how these reward programs are structured, as well as how coaching is being used to help foster belonging and involvement, leadership trust, recognition, and individual
growth and development.
Highlights of the show include:
- How incentive and reward programs have evolved.
- The effectiveness of monetary incentives versus non-monetary incentives.
- The impact of incentives on motivating employees.
- Successes and challenges in rolling out incentive programs.
- Why coaching can be a valuable incentive to foster individual growth and development.
- How coaching can keep people aligned to an organization’s overall vision and mission.
This podcast is part of the Insight on Coaching series. For additional information, visit the Insight on Coaching Home Page.