Here is news from throughout the world of rewards recognition, including research, company news, mergers and acquistitions, etc.
Founded in 2002, Achievers arguably is the first major company to disrupt the recognition business with a focus on technology and the frequency of recognition over an emphasis on rewards. Even so, says Jeff Cates, CEO, the best technology has little value unless it supports a clear strategy and goals. ... [ read more ]
As part of its outreach effort for strategic people management, the Enterprise Engagement Alliance maintains two regularly updated libraries of links to information on the IRR (Incentive Rewards and Recognition) field and Stakeholder Engagement. ... [ read more ]
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The world has changed but the pricing model for incentives, rewards, and recognition (IRR) has barely budged. If incentive and recognition companies are only being compensated for the rewards they fulfill, they will be unable to compete with retail or online-rewards platforms or merchandise and gift card master fulfillment companies. The appropriate pricing model compensates incentive and recognition companies, agencies, and advisory firms for the value they create, which should include enhanced stakeholder retention, productivity, quality, willingness to recommend, wellness, and safety, DEI effectiveness, etc.... [ read more ]
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For the first time, a national retailer has demonstrated a clear commitment to and understanding of the IRR (Incentive, Rewards, and Recognition) market. This is both an opportunity and a danger to traditional IRR players. ... [ read more ]
A new option is now available for US companies seeking redemption options in the European Union, Switzerland, and the United Kingdom. ... [ read more ]
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Over the last few years, RRN has reported on the increased focus on the rewards experience, based on Incentive Research Foundation and other research indicating that non-cash gifts and rewards work best when they are clearly distinguished from compensation; reflect a genuine understanding of the recipient, and create experiences people rarely have on their own when traveling or buying something at retail. ... [ read more ]
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