The Role Incentives, Rewards and Recognition Programs Have in Today’s Performance Management

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A tight labor market and the rise of the importance of workforce performance has changed in the way incentive, rewards, and recognition programs are implemented and managed. Once haphazard and disconnected from the business, these programs drive performance management, employee engagement, and overall business objectives.
In TLNT’s latest report, “The Role Incentives, Rewards and Recognition Programs Have in Today’s Performance Management,” we cover findings from research, interviews, and data that shows:
  • The rise of companies aligning organizational goals with rewards programs
  • Incentives, rewards, and recognition as a strategic initiative
  • The increasing importance of non-cash incentives
  • Shifting the objective of these programs to increase employee engagement
Key stats:
  • 93% of organizations align their rewards program with organizational goals
  • 71% of organizations say the objective of their programs is to increase employee engagement
  • A third of organizations say performance or productivity is the primary goal
  • 45% of companies see incentives, rewards, and recognition programs as strategic
  • 84% of organizations are using non-cash incentives, up from 24% in 1996
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