Many U.K. organizations feel they’ve successfully leveraged non-cash employee and sales reward and recognition programs to promote desired behaviors, according to recent research from the Incentive Research Foundation.
A large portion of companies currently offer rewards such as group and individual incentive travel. Half of the organizations said they provided merchandise rewards.
Eighty-two percent of organizations felt their employee reward and recognition program had increased employee productivity and performance.
Seventy-two percent said their program had helped motivate employees, and nearly as many — 70 percent — said their reward and recognition program was a must-have HR policy item.
For more on what rewards are often offered and the impact reward and recognition programs have had on recruitment and retention, view the full results from IRF’s survey.