HRO Today April 2019 - 44

Recognition
REIMAGINING
REWARDS
Five trends are shaping the new world of employee recognition.
By Melissa Van Dyke
In today's competitive job market, HR professionals are
challenged to develop innovative and effective ways to
attract and retain talent. Compensation matters, but how
a company motivates and rewards its employees also has
a tremendous impact on hiring and retention. More than
80 percent of U.S. businesses now invest in alternative
awards, and the Incentive Research Foundation (IRF) sees
several trends for 2019 that will likely have an impact on
these incentive efforts. These trends also offer insights
on how to design effective incentive, recognition, and
rewards programs-and how they can give your company
a competitive advantage.
[44]
HRO TODAY MAGAZINE
|
APRIL 2019
The IRF's 2018 Trends Study revealed fi ve non-cash
rewards and recognition trends that HR should consider to
motivate their workforce and enhance their recognition
programs:
1. The C-suite is creating a " talent culture. " Incentives are
increasingly embraced by the C-suite as executives become
more invested in cultivating an engaging company
culture. Empirical research fi ndings are making it more
apparent than ever that when organizations connect
work to a larger purpose and mission, emphasizing
intrinsic motivation over pay, they outperform their

HRO Today April 2019

Table of Contents for the Digital Edition of HRO Today April 2019

HRO Today April 2019 - 1
HRO Today April 2019 - 2
HRO Today April 2019 - 3
HRO Today April 2019 - 4
HRO Today April 2019 - 5
HRO Today April 2019 - 6
HRO Today April 2019 - 7
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HRO Today April 2019 - 9
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