Builders Achievement Awards
Founders Achievement Awards (FAA) were designed to recognise and honour outstanding IBOs' global business efforts. Since 1991, IBOs have been given with these annual discretionary cash prizes, demonstrating remarkable business development and high ethical and commercial standards.
During FY 97, the company established FDSA; Founders Distinguished Service Award for Diamond IBOs that gain 40+ FAA points.
Market:
- 1.0 FAA = 12-Month leg
- 1.5 FAA = Emerald Bonus leg
- 3.0 FAA = Diamond Bonus leg
International: The International: (only one per market)
- 1.0 FAA points = 12-Month business #2
- 1.5 FAA Points = Emerald Bonus Business #2
- FAA points = your #2 Diamond Bonus Business
- 0.5 FAA points = 12-Month leg.
Business #2 Diamond Bonus can produce up to 6.0 FAA points. Total FAA points for #2 business are added and divided by 2. Unless that amount is less than 3.0, in which case 3.0 will be utilised or if the amount is larger than 6.0, 6.0 will be used.
- FAA points have also been rewarded for Founders Diamond and above qualifications since 2001, encouraging leaders to develop leaders in detail.
- Founders Diamond is someone with 6 legs at or above Silver Producer for 12 months a year. It can also be obtained with 8 FAA points and Diamond qualifying.
- Executive Diamond is someone having 9 legs at or above Silver Producer for 6 months of the year. It can also be earned with 10 FAA points and Diamond qualifying.
- Founders Executive Diamond is someone with 9 legs at or above Silver Producer for 12 months a year. 12 FAA points and Diamond qualification can also get this pin.
- Double Diamond is someone has 12 legs or more atSilver Producer for 6 months of the year. It can also be obtained with 14 FAA points and Diamond qualifying.
- Founders Double Diamond is someone with 12 legs each year at or above Silver Producer. 16 FAA points and Diamond qualification can also earn this pin.
- Triple Diamond is someone having 15 legs at or above Silver Producer for 6 months of the year. 18 FAA points and Diamond qualifying can also achieve this pin.
- Founders Triple Diamond is a Silver Producer with 15 legs or higher for 12 months of the year. 20 FAA points and Diamond qualification can also earn this pin.
- Crown is someone with 18 legs or more at Silver Producer for 6 months of the year. 22 FAA points and Diamond qualification can also earn this pin.
- Founders Crown is an 18-legged person at or above Silver Producer for 12 months a year. It can also be accomplished with 25 FAA points and Diamond qualifying.
- Crown Ambassador is someone with 20 legs at or above Silver Producer for 6 months of the year. It can also be obtained with 27 FAA points and Diamond qualifying.
- Founders Crown Ambassador is someone having 20 legs at or above Silver Producer for 12 months a year. Thirty FAA points and Diamond qualification can also earn this pin.
- Founders Crown Ambassador 40 FAA is someone with 40 FAA points and at least Founders Double Diamond.
- Founders Crown Ambassador 50 FAA is someone with 50 FAA points and at least Founders Triple Diamond.
- Founders Crown Ambassador 60 FAA is someone with 60 FAA points and qualified Founders Crown Ambassador.
Amway, one of the largest direct-selling organizations in the world, honors its employees through an annual recognition program known as the Founders Achievement Awards (FAA). Amway Independent Business Owners (IBOs) who have achieved outstanding success in their own businesses and who have demonstrated exceptional leadership skills are recognized and awarded by Amway under the FAA program.
Jay Van Andel and Rich DeVos established Amway in 1959 with the goal of assisting individuals in realizing their aspirations of achieving personal and financial independence via the use of a type of company known as direct selling. Today, Amway conducts business in more than one hundred countries and territories across the globe, offering a range of products that cater to a variety of needs, including personal care, household maintenance, and health and beauty.
The Top-Performing Independent Business Owners (IBOs) in Amway's Worldwide Network were Recognized Through the FAA Program in 1982. Since then, the program has been expanded to encompass multiple tiers of recognition, one of which is the illustrious Crown Ambassador level. This level marks Amway's business model's pinnacle of success for independent distributors.
IBOs are required to achieve certain sales and leadership criteria over the course of a year in order to be considered for participation in the FAA program. The requirements change depending on the level of acknowledgment, with higher levels calling for more noteworthy accomplishments as a prerequisite. IBOs, for instance, need to have a minimum of $1.5 million in group sales volume, a team of at least six certified Diamond IBOs, and a minimum of 30 personal clients in order to qualify for the Crown Ambassador level of the compensation plan.
The FAA program is more than just an awards ceremony; it encompasses a variety of events. It is an occasion for Amway's highest achievers to get together, network with one another, and gain knowledge from one another. Conventionally, the event will include presentations from keynote speakers, educational seminars, and recognition ceremonies for the IBOs who have achieved the highest levels of success. It is also an occasion for Amway to demonstrate new items, provide updates on the company's success, and highlight the most recent tendencies and developments in the direct selling sector.
Over the course of its history, the FAA program has been an essential factor in Amway's continued success. Amway is able to incentivize its Independent Business Owners (IBOs) to strive for greatness and provides a clear route for progression within the company because it recognizes and rewards its best performers. This, in turn, helps to recruit new IBOs while also retaining existing ones, which ultimately leads to the company seeing continuous growth.
In addition to the FAA program, Amway also provides its top performers with the opportunity to participate in other recognition programs, such as the Founders Council and the Founders Crown Ambassador Council. These programs offer a variety of extra advantages and possibilities. These initiatives are a vital component of Amway's overarching business strategy, and they contribute to the development of a culture within the company that values excellence and accomplishment.
In conclusion, the Founders Achievement Awards (FAA) program has been an essential component of Amway's incredible rise to the top. It lays forth a clear path for progression and recognition for the company's top-performing Independent Business Owners (IBOs), motivating them to strive for excellence and contributing to the company's ability to achieve continuous growth. Amway's dedication to excellence and its faith in the ability of recognition and reward to motivate people to achieve their goals are on full display in the company's FAA program.
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