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Reward and Recognition Programs in india Increases engagement and productivity. Localize your best practices and celebrate your most valuable performers. BI WORLDWIDE helps you understand what motivates and engages your employees. And we deliver your desired results. Recognition and Reward Capabilities global recognition and reward programs include manager discretionary awards, employee-to-employee recognition, longevity and service anniversary awards, off-line recognition, employee incentives and contests, team-based rewards, new-hire referral programs, nomination systems, idea/suggestion programs and wellness programs
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Page 1
BI WORLDWIDE
Page 2
Our history
2000-2010+•Australia |Canada | China | India | UK | USA | Latin America*
1990 - 2000Under Larry Schoenecker’s leadership - Quality, digital marketing, customer loyalty, web based learning, coalition marketing
1980-1990Employee recognition, Market Research and events
1960-1970Expands to include Travel and focuses on Sales and Employee incentives
1950Founder Guy Schoenecker starts BIW as a jewelry and merchandise company for promotional needs
Page 3
Our Logo
• It's abstract.The design engages the imagination. It has been interpreted as a set of wings and implies movement and upward motion.
• It ascends.We are hired to help our clients increase revenue, market share, or new product/service activations. Business leaders want things to go up.
• It's lighthearted.Whenever we engage participants - through incentive, learning recognition and reward programs - we design the experience to be positive and fun.
Page 4
Our Mission
To produce measurable results for our clients by driving & sustaining engagement with their employees, channel partners & consumers.
Page 5
Creating a High Performance Culture
Page 6
Our Vision
BI WORLDWIDE’s current revenue being $430,000,000 - To have BI WORLDWIDE revenue of
$850,000,000 by 2017.
To be our industry’s thought leader in behavioral economics & engagement.
To expand our business in North America, Europe, China, Australia & India and open up in South
America by 2015.
To be a very cool & fun place to work.
Page 7
Our Values
• Service well done. • Innovate or perish. • Fast is better than slow. Action is better than talk. • Never give up. • In it for the long haul. • Play nice in the sandbox. • Change is inevitable... so get on with it. • Don’t be cocky. • Help each other. • It’s not all about us. • Work hard, play hard, celebrate.
Page 8
BI WORLDWIDE Overview
• Synopsis– Privately held: $425 million in
sales– Global business improvement
company focused on:• employee engagement• sales and channel effectiveness• promotional marketing
– 60+ years of experience
• Resources– More than 1,200 associates– Headquarters in: Australia,
Canada, China, India, United Kingdom and United States
– Global coverage of rewards redemption through partnerships
• Awards & Certifications– Malcolm Baldrige National Quality
Award– ISO 9001:2008 Certified– SAS 70 Type II Audit– Telly Award Winner
– New York Festival Winner– Brandon Hall Silver Learning
Award– 2011 HR Product of the Year –
HR Executive Magazine
Page 9
Our global presence
Headquarters(full service – design, implementation, technology, customer service)
• Minneapolis• Vancouver
• Miami• London
• Bangalore• Shanghai• Melbourne
Regional Offices • Berlin • Chennai • Singapore• New Delhi
Page 10
• Four Core Principles:
Discovery Understand the client Understand the objectives Understand the audience
Design Design a solution that
addresses the issues and requirements
Design a creative direction/theme/promotional approach for the opportunity
Design a ‘look’ and ‘feel’ for everything connected to the opportunity
Design program and then pre-test the solution
Evaluate all pricing
Definition Define and agree on the
details of the project Define and agree on the
roles and responsibilities Define and agree on
budgets Define and agree on
timelines Define and agree on
action items Define and agree on
review dates
Delivery Manage and deliver on all
areas of the defined project Manage all
agreed-upon supplier and third-party contacts
Manage changes as necessary Ensure customer satisfaction Conduct regular
reviews and updates Manage the budget Evaluate ROI
BIW Delivery ModelCornerstone of our business approach
Page 11
Sample of BI WORLDWIDE Global Clients
Page 12
India market opportunity/Our objectives
Page 13
We are in India…
DelhiSales/Servicing
MumbaiSales/Servicing
Bangalore
HQ ChennaiTechnology/Sales
Page 14
India Organization Bangalore | Chennai | Mumbai | New Delhi
Sales and BDBangalore, Delhi, Mumbai
Team of 4
Client ServicesBangalore, Delhi
Team of 2
Creative TeamChennaiTeam of 3
Admin/HR/Finance/Support StaffChennai, Bangalore, DelhiTeam of 8
Technology and DevelopmentBangalore/Chennai
Project ManagementBangalore, ChennaiTeam of 2
Project DevelopmentChennaiTeam of 22
Delivery TeamChennaiTeam of 8
QA & QCChennaiTeam of 8
Page 15
What we do
Our mission is to produce measurable results for our clients by driving & sustaining engagement with their employees, channel partners and consumers
EMPLOYEEBuild Employee Engagement
SALESDrive Sales & Channel performance
CONSUMERSCreate customer preference
Page 16
Loyalty Marketing
Interactive Promotions
Branded Merchandise
Privileges Program
Identify your best Customers
and build Loyalty and Repeat Sales
Consumer MarketingGive your CONSUMERS what they want and need
Page 17
Sales Incentives
Distributor / Reseller Programs
MDF & Co-op Management
Lead Generation
Research & Analytics
Build an efficientPartner
eco-systemthat fosters Trust
and Profitability
Communication
Sales & Channel EffectivenessGive your SALES CHANNEL the tools they need to succeed
Page 18
Employee Rewards & Recognition
Service Anniversary Awards
Referral Programs
Mobile Engagement
Wellness Programs
Safety Programs
Improve employee
Productivity, Satisfaction &
Retention
Employee Engagement & MotivationGive your employees more than a
paycheck
Page 19
Rewards Fulfillment Capability
Catalogue designing
basis program audience
Rewards Procurement
& Quality check
Warehousing of items
Offline & Online
redemption
Packaging & Dispatch
Management
MIS Preparation
Alliances with logistic partners, LFRS, B2B partners
Catalogue with Over 1500 items
E-commerce tie ups enabling quick TATFulfillment
Management
Page 20
Innovative technology
• G4/G5 – employee recognition / Sales incentives• PURL – Personalized URL for
nominations/anniversary• ME – Service anniversary platform• MAX – Channel incentives• Goal Quest – Sales incentives • AwardsLinQ – Catalog technology
• Proven, robust, industry leading technology
Page 21 21
Incentives/Loyalty needs in India are evolving with companies slowlyrealizing the importance and advantages of such strategies
Wave III
Advanced use of technology (mobile)
Greater usage of predictive analytics
Rewards to become more of a key
differentiator Rise of experiential loyalty
programs
Demand for solutions to track & monitor the effectiveness of R&R schemes
Demand for personalization of rewards Greater element of experience
Greater use of recognition
Wave I
B2CSimple consumer
schemes
B2E
Mostly routineAnnual
outings / celebrations
B2B
Discounting based approach, no targeting
Wave II
Greater tier-ization and segmentation of customers
Greater need to motivate employees / emphasize company’s goals & values
Greater demand for choice
Increase channel excitement Advent of points based
schemes
Source: Company interviews, secondary research, analysis
India current scenario
Page 22
companies, both across manufacturing and services, are investing in various loyalty/incentive programs
Type Major Industries Typical Spends On Programs1,2,3,4
FMCG 0.5% – 2% of sales
BFSI: Insurance, Credit Cards, Mutual Funds 1% - 1.5% of sales
IT 0.25% - 0.75% of sales
Retail: Apparel 0.5% - 1% of sales
Retail: Grocery 0.25% - 0.5% of sales
BFSI: Credit card companies 1% - 2% of sales
Hotels & Airlines 0.2% - 0.3% of sales
Services (IT / ITes, BFSI) Rs 1100 / employee / year
Manufacturing (Auto, Engineering) Rs 275 / employee / yearNote :
1. For actual costs incurred, does not indicate provisioning
2. Does not include initial set up costs, includes administration, communication and fulfillment costs includes spends on travel as part of incentive / loyalty program
3. Dedicated incentive travel budget has been excluded
4. Excludes discounts that would be given as part of regular schemes / sales
5. B2E spends are for white collar workers, excludes spends on parties
Incentives
Loyalty
Recognition
Page 23
Market scenario at a closer level
Competition amongst full service companies has increased
Loyalty,incentives
And Recognition
Rewards fulfillment
Loyalty Consulting, Analytics,
Tech
EdenredRedbox RewardsNetCarrotsPaybackE-commerce websitesRewards 360Benefits PlusMany local players
Cartesian consultingCequityRideauLoyaltyOneAimia
EdenredAimiaNetCarrotsGrassrootsSolutions Integrated BIWMyPerks/BenefitsPlus/QuadMo…
Page 24
Technology that will differentiate us
MerchLinq
Service Anniversary‘Me’
G4/QA Channel
G4/G5 recognition
Employee
Tech Platforms Stack for India
Mid size business
Large size business
Page 25
The Power of Recognition
Page 26Page 26
Impact on Employee Performance
Source: Corporate Executive Board
Page 27
How BI WORLDWIDECan Help
Page 28Page 28
Creating a High Performance Culture
Page 29Page 29
Recognition Framework
Page 30Page 30
Page 31
Trends in Global Programs
• Consider differences for reward mix
• Encourage work/life blending
• Drive manager responsibility for recognition
• Provide individual choice in rewards
• Utilize price parity for awards by country
• Align phases with localization needs
• Allow personalization