How much can I afford to spend on recognition?
The answer is you can’t afford not to invest in your people – here’s why…
As recognition experts, our job is to listen to a company’s challenges and suggest the right program to fit both the budget and culture.
As an HR specialist, one of your jobs is to influence senior management on the benefits of investing in people. Despite all the research proving companies with an engaged workforce have increased productivity, innovation, retention and wellness, some C-suite executives still view recognition & rewards programs as a discretionary “expense”. These leaders want to know the expected return on their recognition dollars and how much their competitors typically spend, offer and reward their people.
Thankfully, the Incentive Research Foundation (IRF) publishes an annual industry outlook that tracks the vitality and variability in the US incentive, rewards, and recognition market (you can download the full report here).
We’ve reviewed the 2018 IRF Outlook Study and summarized the key findings to help you prepare a convincing business case for investing in people.
Posted on Sat, January 20, 2018
by Kurt McDowell filed under