Is cash the most effective form of recognition? Are too many organisations relying on it? Derek Irvine, VP of client strategy and development at Globoforce, explains...
Content by Derek Irvine
Content created by Derek Irvine
Today, we’re at the leading edge of three trends that are changing employee thinking, behaviour and expectations at an ever-accelerating rate. The workforce is becoming increasingly global, social, and mobile, says Derek Irvine. But how are these being implemented within your reward strategy?
Before dedicating budget, business leaders always ask themselves, “will it produce a satisfactory return on investment (ROI)?” When it comes to employee recognition, the ROI quickly becomes clear. Whether from directly related metrics like improved retention rates or indirectly related benefits such as being named a best place to work, well designed employee recognition programmes consistently pay off says Derek Irvine. He explains further…