Reward and recognition

New research suggests that monetary value in recognition programmes plays a significant role in how employees feel about their workplace.

There are still stigmas about many areas of wellbeing, especially when it comes to mental health - and too many stopgap solutions to address issues.

As more workers return to the office, HR professionals are reevaluating the effectiveness of their employee recognition programmes.

On Employee Appreciation Day, the message is clear: employees who feel valued are more engaged, productive and loyal.

A new year offers opportunities for everyone and many take this as their chance for a complete fresh start, writes Danni Rush.

Organisations are continuing to adjust their rewards and incentives in line with changing employee and organisational needs plus changing working practices.

According to new research, 69% of employees believe their employer could improve reward and incentive offerings. The study reveals that unexpected rewards, community support initiatives, and tax-free gift cards are key factors in boosting workplace motivation, particularly during winter when engagement drops significantly.

Resilience is desired by leaders but not many proactively nurture a culture that can withstand hardship, partly because they don’t know how to.

Traditional wellness benefits are proving insufficient to meet the growing needs of a modern workforce. 

70% of employees highlight the importance of recognition, but less than half report receiving regular recognition from their CEOs.