Here is news from throughout the world of rewards recognition, including research, company news, mergers and acquistitions, etc.
While the overall 2024 outlook for incentive programs remains strong, expectations have softened compared to the economic optimism directly following the pandemic, according to this industry survey by the Incentive Research Foundation. ... [ read more ]
Requests for proposals (RFPs) are a common practice especially among large organizations to create a framework whereby they can more objectively select suppliers based on the purpose, goals, and objectives of the organization and the specific project requirements. While this makes sense in practice, RFPs often subject suppliers to far more work than is warranted given the often-high odds against their winning the business in the first place. That said, a good RFP can serve as the basis for a meaningful statement of work (SOW) that ensures an organization achieves its objectives and transparently helps suppliers determine if they should submit a proposal. ... [ read more ]
This roundtable discussion by incentive travel planners organized by the Incentive Research Foundation on how to maximize the value of an incentive travel destination aligns with the considerable research emphasizing the new interest on the part of many participants in experiencing destinations in a more authentic way. ... [ read more ]
The Incentive Research Foundation announces the 2024 IRF Executive Committee and the IRF Board of Trustees. ... [ read more ]
The Society for Incentive Travel Excellence has elected new officers for its board and that of the SITE Foundation. ... [ read more ]
Despite a lot of talk about reimaging business meeting, association, and incentive travel formats after the end of the pandemic, and research from multiple sources that attendees highly prefer to spend time with one another over being lectured to in keynotes and panel discussions, there is evidence that the MICE (meetings, incentive, conventions, and exhibitions) is going back to business as usual, except perhaps in the area of environmental sustainability. This Enterprise Engagement Alliance RRN YouTube show interviews four highly experienced meetings and incentive travel specialists to find out what’s happening at the front lines.... [ read more ]
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Despite investment from the incentive industry in research on program design and effectiveness, and the availability of multiple ways to evaluate the results of engagement efforts more carefully, there is little evidence that many companies apply serious program design evaluation to their expenditures in engagement for any stakeholder. If they do, they often are not willing to pay for the expertise. Based on a growing number of RFPs (requests for proposals) I’ve seen, the conversation is beginning to change.... [ read more ]
A survey of over 1,000 Americans in different stages of their careers finds that the more things change, the more they stay they same, with only minor variations between age groups when it comes to reward preferences. A main conclusion may be that many organizations still are not developing rewards programs that truly resonate with their stakeholders. ... [ read more ]
