Behavioral Economics
Behavioral Economics is the modern day combination of behavioral psychology and economic decision-making. BI WORLDWIDE uses Behavioral Economics to help our customers improve their results by changing attitudes and behaviors.
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Designing incentive programs and setting goals using the principles of Behavioral Economics
At BI WORLDWIDE, we use the discipline analytics, learning, goal setting, communications, awards, and measurements to validate the positive impact that proper application of Behavioral Economics can create. These tools are then applied in many ways to change the attitudes or behaviors of an employee group.
Research shows that designing incentive programs and setting goals using the principles of Behavioral Economies will increase the rate achievement and improve overall performance. Moreover, directors are realizing that bigger salaries, higher bonuses and cash incentives are not always the answer.
Let us help you build a competitive program that drive focus, teach new behaviors, report on progress and reward for improvement. Let us help you understand how Behavioral Economics can unlock a variety of new activities that lead to results.
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