Reward and recognition concerns raised by businesses

Date: 03/09/2010

Businesses are increasingly concerned about the future of their reward and recognition programmes, it has been claimed.

According to new research from the Chartered Institute of Personnel and Development (CIPD), many organisations are ill-prepared to adapt to shifting trends in the reward and recognition sector.

CIPD claims that over the course of the past year, concerns have been raised about the effectiveness of pay and benefits programmes - such as sales incentives - to attract and retain top staff.

Speaking to HR magazine, Charles Cotton, performance and reward adviser at CIPD, said: "The past 12 months have been a turbulent time for many employers in terms of pay and benefits practice.

"They are fearful that the way that reward helps them attract, retain and motivate their employees is no longer appropriate."

His comments may encourage many firms to re-evaluate their sales incentive and reward and recognition programmes.

Recently, American Express claimed that reward and recognition initiatives can be used to get the most out of employees and they do not have to be cash-based.

Written by Jo Morgan

Related Articles:

Employee motivation: Staff see improvement in work-life balance
Employee motivation: Letting staff watch key Olympic events could boost morale
Employee motivation: Workplace pride defies recession
Employee motivation: Staff wellbeing toolkit launched
Employee motivation: How to spot a good employer

 

› Return