Industry Report On Employee Rewards and Recognition Trends for 2021
This report accounts responses of industry experts from various countries over a Virtual HR Conclave conducted in 2021. It highlights the importance of agile rewards and recognition (R&R) trends for your remote workforce.
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You will get to learn
- Ways to overcome global HR challenges for remote working.
- Insights on top digital rewards and recognition trends for 2021.
- Importance of rewards and recognition for remote workers.
- Ways to enhance employee engagement and experience for remote workers with the helps of rewards and recognition platform.
- Executive Summary
- Key Objectives
- Key Findings
- Importance of Rewards and Recognition for Remote workers
- Latest rewards and recognition trends
- Future of digital rewards and recognition trends
- Key takeaways of this report
- To highlight the global HR challenges for remote working.
- To highlight the prominence of Agile Recognition for remote workers.
- To publicize the top digital Rewards and Recognition trends for 2021.
- Enhance employee experience and performance in a company.
1. Insights on the objectives of Rewards and Recognition programs in a company.
- Motivation towards innovation and productivity
- Scaling Employee Advocacy
- Aligning Employee behaviors with Organizational Values
- Attracting Great Talent
- Employee Retention
2. Respondents on the importance of Rewards and Recognition platform to remote employee engagement.
- Agreeing for Rewards and Recognition Platform
- Not sure
3. Initiatives that have the highest impact on overall Employee Engagement and Recognition during remote working.
- Unlimited Paid off
- Adopting Digital R&R platform
- Bonus and Incentives
- Posting Certificates and Plaques
4. Factors that should be kept in mind while adopting Rewards and Recognition programs in this Covid-19 situation.
- Supporting both monetary & non-monetary recognition programs
- Easy Customization or personalization
- Technological Integration
- Mobile Responsiveness
- Presence of other functionalities (e.g employee survey & wellbeing)
5. How the digital Rewards and Recognition Platform managed to innovate remote workforce engagement.
- Connecting Dispersed Workforce
- Easy and real-time tracking
- Enhancing HR Efficiency
- Transparency among the peer groups