Reward ≠ Recognition.

We recently worked with a new client who was confusing “reward” and “recognition”.

Sandra wanted to get even more results from a salesperson who was already hitting his quota.  Sandra knew that it would take less effort to get more out of Mark than two or three of her other talented salespeople and in the end, it would be more profitable.

First she tried a financial bonus for any sale over Mark’s original goals.  But Mark was already financially successful and was unmoved.  Next Sandra appealed to Mark’s ego by asking him to mentor some new people for which he would be compensated.  This helped the new salespeople but Mark didn’t secure any new business.

What was Sandra missing?  And how were we able to construct an incentive program that inspired Mark to sell 25% more than his target?   By understanding the difference between “reward” and “recognition.”  According to Merriam-Webster.com,

Reward:

1)      Something that is given in return for good or evil done or received or that is offered or given for some service or attainment;

2)      A stimulus administered… following a correct or desired response that increases the probability of occurrence of the response.

Recognition:

1)      Special notice or attention

We offered Mark something he couldn’t get on his own.  Something that would show his friends and family how successful he is.  Something that would affect his behavior for years to come.

Isn’t that what you want for all your salespeople?  Everyone – from beginners to veterans – needs reward AND recognition.  The challenge is what combination works for YOUR people?

We’re offering a free one-hour consultation to people like Sandra who want to motivate their top performers.  If that’s you, click the link below, tell us a little about your situation and we’ll be in touch.

I want to motivate my TOP performers.