Incentive Program: How I Boosted Moral This Time of Year

Incentive Program: How I Boosted Moral This Time of Year

December 19, 2023•2 min read

Keeping staff motivated during this time of the year can be quite challenging.

That's why we developed a cost-effective Partnership Program in collaboration with local businesses.

Our approach involved having ongoing incentives for outstanding performance, whether it was going the extra mile with guests, achieving sales goals, or embodying our core values.

Instead of traditional cash incentives, we forged partnerships with 10 local businesses, facilitating the exchange of 20 $50 gift cards per month.

Some partners catered to practical needs, such as a gym, clothing store, or an automotive repair shop, while others offered more experiential rewards, like singing lessons, adult swim classes, or access to a comedy club.

This strategic move allowed us to provide diverse and appealing incentives to our team. It also served as a great way to get a lot of local employees and managers exposed to my business who always spent more than the value of their card.

This strategic trade allowed us to generate $1,000 in value for a mere $300, factoring in our approx 30% Cost of Goods.

Choosing gift cards over cash was intentional.

Cash, especially in smaller amounts, often gets allocated to practical needs or bills.

By opting for gift cards, we aimed to provide our team with a more personalized and rewarding experience, encouraging them to indulge in something special.

To curate the perfect gift cards, we simply asked our staff about their preferred shopping spots or activities they've long wished to try.

Armed with this knowledge, we distributed $50 gift cards to 20 team members each month, both front of house and back of house, allowing them to select their individual interests.

I loved handing these cards out and celebrating that person in front of their teammates.

This incentive packs a big punch for $50!

(Especially when each card only costs the company $15).

Sean Finter is a Canadian-born entrepreneur, consultant, and speaker renowned for his significant contributions to the hospitality industry. He began his career at the age of 12, working as a dishwasher in a truck stop, where he developed a deep appreciation for the intricacies of the restaurant business. 

In 1999, Finter founded Barmetrix, a consulting firm specializing in assisting bars and restaurants in enhancing profitability and operational efficiency. Under his leadership, Barmetrix expanded its reach, establishing offices in Australia, the United Kingdom, Canada, and the United States, and has collaborated with over 1,000 on-premise accounts. 

Finter is also the creator of "Napkinomics," a methodology derived from a 20-year study aimed at understanding why some restaurants succeed while others fail. This approach provides tools, guidance, and strategies to help hospitality businesses thrive. 

As a sought-after speaker, Finter shares his expertise at various industry events, such as the Lisbon Bar Show, where he discusses topics like brand building in the digital age and effective competition strategies for bars and restaurants. 

Throughout his career, Finter has been dedicated to elevating the standards of the hospitality industry by offering insights into decision-making, growth, marketing, and creating unique guest experiences. His commitment to excellence continues to inspire and guide bar and restaurant owners worldwide.

Sean Finter

Sean Finter is a Canadian-born entrepreneur, consultant, and speaker renowned for his significant contributions to the hospitality industry. He began his career at the age of 12, working as a dishwasher in a truck stop, where he developed a deep appreciation for the intricacies of the restaurant business. In 1999, Finter founded Barmetrix, a consulting firm specializing in assisting bars and restaurants in enhancing profitability and operational efficiency. Under his leadership, Barmetrix expanded its reach, establishing offices in Australia, the United Kingdom, Canada, and the United States, and has collaborated with over 1,000 on-premise accounts. Finter is also the creator of "Napkinomics," a methodology derived from a 20-year study aimed at understanding why some restaurants succeed while others fail. This approach provides tools, guidance, and strategies to help hospitality businesses thrive. As a sought-after speaker, Finter shares his expertise at various industry events, such as the Lisbon Bar Show, where he discusses topics like brand building in the digital age and effective competition strategies for bars and restaurants. Throughout his career, Finter has been dedicated to elevating the standards of the hospitality industry by offering insights into decision-making, growth, marketing, and creating unique guest experiences. His commitment to excellence continues to inspire and guide bar and restaurant owners worldwide.

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