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Recognition programs often grant awards for a full year's sales results or cumulative achievement. The programs might be named the President's Club, Excellence Club or Circle, Pinnacle Club, and so on. The rewards are usually noncash items such as trips, merchandise (based on points earned), plaques, pins, and other prizes.
You can create recognition programs that provide nonmonetary awards as part of a compensation plan. These programs can provide compensation over a recurring period, or the award can be a one-time event. A participant can earn awards in the recognition program, based on performance. You can then track and report the achievement of recognition program participants.
After you associate the recognition award with a rate table, the description also appears in a rate table in the participant's My Compensation > Plans > Plan Rules view. For more information, see Associating a Recognition Award with a Plan Rule Rate Table.
|Siebel Incentive Compensation Administration Guide|