Newswire

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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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Based on recent surveys of employees and an analysis of academic research, these authors suggest how organizations can more effectively engage employees in the new world of work-from-home (WFH). ... [ read more ]