Category: Business, Services

Tags: Employee Engagement , employee engagement activities , employee engagement ideas

SPIFF (Sales Performance Incentive Fund) is a short-term bonus or reward that companies use to motivate employees, especially sales teams, to reach specific goals. These goals might involve selling certain products or hitting targets within a limited timeframe. Unlike regular commissions, SPIFFs are temporary incentives. They can include cash, gift cards, or prizes and aim to quickly improve performance, increase attention on priority items, and generate immediate sales results.