Home | Newest Editions | Most Popular Issues | Free Newsletters | Forums

Custom Search
Publication: SoHo News and Tips
Incentives for Workers Combine Cash and Fun

Subscribe FREE to SoHo News and Tips by clicking here.



                   SoHo NEWS & TIPS
Helping You Make the Most of Your Small Office/Home Office
        SoHoTIPS.com
------------------------------------------------------------

Greetings,

Thanks for joining me today. I have a great issue lined up 
for you...enjoy!

Best,
Mandi

Be sure to visit the SoHo News and Tips blog!
SoHo News & Tips Blog

~~~~~~~~~~~

MILITARY TATTOOS & TOURNAMENTS...
A Military Spectacle Like You've NEVER Seen...

"Part Parade... Part Theater and sometimes... Part Circus"

If you've ever seen a Tattoo ceremony you understand completely
what a thrilling event it is. And if you haven't then you simply
have missed an event of a lifetime. 

In this unprecedented DVD you will get a front row seat to ALL
THE BEST Tattoos and Tournaments!  Whether the setting is large
or small, in Edinburgh or the Village Green, you are thrust into
the power, passion and pageantry. 

For more info or to order for just $19.99, visit:
Military Tattoos And Tournaments

                            *


NEWS & TIDBITS

- Ford presents a 2007 model year vehicle lineup 
that it hopes will attract new customers in an 
increasingly tough car market...

- Lego Group will be shedding 1,200 of its world-
wide jobs... 

- The US Federal Communications Commission said 
it will again try to ease media ownership 
restrictions on television, radio and newspapers...

- The Big Ten Conference will create its own cable 
channel to showcase its athletic and academic 
programs...

- Shell Oil Co. and the US Interior Department 
began discussions this week on modifying oil and 
natural gas drilling contracts the company signed 
almost a decade ago...

- Russian steel producer OAO Severstal hires 
investment bank Lehman Bros. Holdings Inc. as a 
co-adviser in its efforts to complete a takeover 
deal with Arcelor... 



         GopherCentral's Question of the Week

Is the war in Iraq going well?

Question of the Week



                            *

John Cleese - Wine For The Confused...

Join John Cleese as he tours through California's
wine country for a thoroughly entertaining, informative
and ALWAYS amusing look at the world of winemaking.

Not only will you have a great time, you'll discover:

    - How to find wines that taste good to you
    - How to make sure you get the best value
    - How to keep and serve wine at home

Includes DVD Extras and more. Plus, we'll save you
$5.00 on John's jolly-good-time of a DVD. Just $14.99
for over 90 minutes. To get more info or order, visit:
John Cleese - Wine For The Confused DVD

                            *


Incentives for Workers Combine Cash and Fun 
By JACLYNE BADAL
From The Wall Street Journal Online

Deborah Kratzer-Reid says she isn't a gambler, but 
she uses her work computer as a slot machine -- 
with her boss's blessing.

Ms. Kratzer-Reid, who opens accounts and loan 
applications for First Interstate Bank of Laramie, 
Wyo., has won $2,000 since March 2005 through an 
unusual incentive program, dubbed Snowfly, in 
which employees can win money by playing Las Vegas-
style games.

About two dozen companies, including financial-
services and marketing firm Alliance Data Systems 
Corp. and an eight-person Roto-Rooter Inc. 
operation, use Snowfly. Managers credit the program 
with increasing sales, reducing turnover and 
improving morale.

Snowfly is among a wave of incentive programs that 
human-resource consultants say are proving popular 
as relatively inexpensive ways to offer extra 
compensation, linked to performance. Bill Morin, 
chief executive of consulting firm WJM Associates 
Inc., says employers frequently tell him they plan 
to reduce or maintain salaries while boosting 
incentives.

Other employers, such as FedEx Corp. and Edison 
International, use reward programs that offer 
employees cash or points that can be redeemed for 
prizes. The new programs, aimed primarily at 
front-line workers, replace an earlier generation 
of incentive systems that consultants say largely 
failed because they were too random and sometimes 
created rivalries among employees.

Many newer programs incorporate elements of 
behavioral psychology, offering more targeted 
incentives for increasing sales or productivity, 
for example. They tend to offer smaller rewards 
more frequently so that employees make a mental 
link between their behavior and the reward. Ravin 
Jesuthasan, managing principal at consulting firm 
Towers Perrin, says employers are shifting to 
instant-recognition programs, instead of quarterly 
or yearly incentives.

Consultants urge employers to take care in 
structuring incentive programs, by budgeting care-
fully, choosing rewards that employees will like 
and aligning the goals with broader corporate 
objectives.

Employers who use Snowfly's service say it is 
effective because it offers quick gratification -- 
and it is fun. Managers give employees electronic 
tokens for achieving certain goals. Employees use 
the tokens to wager on games such as a slot 
machine, horse race or fishing contest. The game 
is set up so that employees always win something, 
though the haul ranges from two points to 5,000 
points. The average game will win 10 points, and 
the average company will value a point at one 
cent, though that can vary.

"People love to gamble," says Bob Myers, chairman 
of the Human Resource Planning Society, a profess-
ional group.

Continued below....

                            *

GINSU KNIVES (Lowest Price EVER)

Store Price: $19.99
DEAL PRICE: $2.99

Famous Ginsu Knife Set... Even our regular price of $19.99
is so much cheaper than what you would pay on TV.

You've seen them on TV, now you can own a set of your own 
for only $2.99. These Ginsu Knives are legendary for their 
ability to cut through just about anything and stay sharp. 
And in this 10 piece set you will get: 

*One Meat Cleaver/Turkey Carver/Bread Slicer 
*One Paring Knife 
*One Fruit and Vegetable Knife 
*One Utility Knife 
*And Six Steak Knives 

This same set can be sold in stores for as much as $30, but 
through this exclusive, last chance offer you can get the
complete set for JUST $2.99. Check them out by visiting:
Famous Ginsu Knife Set

                            *

Snowfly is the brainchild of Brooks Mitchell, a 
management professor at the University of Wyoming. 
Dr. Mitchell, 62 years old, studied behavioral 
science in graduate school and in 1990 founded a 
company, which he later sold, that offered 
computerized employment interviews. 

The inspiration for Snowfly came in 1989 at a 
casino in Elko, Nev., when he watched a group of 
older people rush off a tour bus to play slot 
machines. The passengers seemed too frail to walk 
across the room, Dr. Mitchell says, but "they were 
almost elbowing each other to get bags of nickels 
and quarters."

He began thinking of ways to channel that 
enthusiasm for employers. Clients say he succeed-
ed.

LDF Sales & Distributing Inc., a Wichita, Kan., 
beverage distributor, began using Snowfly three 
years ago to improve operations in 10 ways. To cut 
inventory losses, for example, managers gave 
employees tokens each time they double-checked the 
quantity of a shipment.

Since then, LDF's inventory losses have fallen by 
half, saving the company $31,000 a year, says Bill 
Goodlatte, LDF's senior vice president of human 
resources.

At First Interstate Bank, President Gary Negich 
says he trusts employees to use the system 
responsibly. Mr. Negich used to offer a Las Vegas 
vacation to the employee who signed up the most 
customers for the bank's credit cards. He switched 
to Snowfly in March 2005 in an effort to motivate 
more of the bank's 45 employees at three Laramie 
branches.

The program is more expensive -- First Interstate 
spends $12,000 a year compared with $4,000 on past 
incentives. But Mr. Negich says it generates more 
profit. Each branch has exceeded its goal for 
credit-card referrals -- one branch nearly eight-
fold. "I'm a nice guy, but I'm not a fool," Mr. 
Negich says with a laugh. "It's making us money."

Ms. Kratzer-Reid, the bank employee, says she 
likes the recognition conferred by Snowfly. But 
the money doesn't hurt. She uses her winnings to 
support her gardening hobby and her 2-year-old 
son's train obsession. She plans to use the $500 
left in her account for a family vacation to 
Philadelphia. "There's no way I can lose money, 
but I can always gain," she says.


So what did you think about this issue? Drop me a line and let 
me know at mailto:mandi@gophercentral.com 

------------------------------------------------------------
Archive link:
SoHo News & Tips Archives
************************************************************
End of SoHo News & Tips  http://www.SoHoTIPS.com
Copyright 2006 NextEra Media.  All rights reserved. 

E-Mail this issue
Subscribe FREE to SoHo News and Tips by clicking here.

The SoHo News and Tips Forum
ringtones free
Welcome to SoHo News and Tips!
View this Forum | Post a topic to this forum






Caught on Tape - How To Get Fired

Watch Video Clip

Home | Newest Editions | Most Popular Issues | Free Newsletters