Goals and Incentives
In case you haven’t noticed, most of the world surrounding you is moving toward or already using a goal oriented, incentive based system. The reason is simple…it works.
Credit unions and banks often provide incentives in the form of reduced lending rates or increases savings rates to their members and customers for using more than one of their products and or a specific service. Credit card issuers reward you with airline miles, cash back, and a host of other gifts when you use their credit card to make your purchases. Grocery stores discount certain items if you carry their check-cashing card. Most employers have created a merit-based, incentive-laden environment for determining raises and promotions.
For the most part incentives are the rewards you receive for reaching your goals and in the same way that people are much more likely to achieve their goals if they are written and specific, businesses have found that they are likely to do more business with customers who are incented to do business with them.
Knowing how to establish your goals is the most essential aspect of developing any useful and relevant plan and there are several key ingredients of successful goal setting.
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Scott Arney
Chief Executive Officer
Chicago Patrolmen’s Federal Credit Union
