Key Employee Rewards and Recognition Trends in 2021 and Beyond

Key Employee Rewards and Recognition Trends in 2021 and Beyond

Understanding the key employee rewards and recognition trends in 2021 and beyond can help organizations put in place the right policies, processes, and systems to develop a highly motivated and committed workforce going forward.

Back to the Basics: The Importance of Employee Recognition

Importance of Employee Recognition

Organizations need to clearly understand the importance of employee recognition for their business success.
They need to develop effective programs that are aligned with their business objectives and the needs of their workforce.

Winner of the 2020 Best Employee Recognition Program Award

Winner of the 2020 Best Employee Recognition Program Award

In 2020, the winner of the Best Employee Recognition Program Award by HiFives was Prodapt Solutions (www.prodapt.com), a multi-national telecom/ DSP software company. Prodapt runs a global employee rewards and recognition program for over 2,300 of its employees across 13 countries in 5 continents.

Key Trends in HR for 2021 and Beyond

Key Trends in HR for 2021 and Beyond

The key trends in HR in 2021 will be driven largely by the happenings in 2020.
These have accelerated the long-term changes in HR that were already underway for the last several years.
Organizations that are able to understand and leverage these changes quickly can gain a significant competitive advantage over their industry peers and demonstrate higher business growth.

Top 5 Things for Organizations to make Employees feel valued

Top 5 Things for Organizations to do to make Employees feel valued

Organizations can need to take implement these measures to make employees feel valued. They can build a highly engaged, self-motivated, and completely dedicated workforce to drive business growth and profitability.

How Important is Recognition for Employee Engagement?

How Important is Recognition for Employee Engagement?

All said and done, recognition plays an integral part in employee engagement no matter how it is executed.
At the end of the day, employees feeling happy is what matters most whether is a pat on the back, a trophy, a shopping voucher or a trip to the Bahamas!

Employee Rewards and Recognition for Culture Change

Employee Rewards and Recognition for Culture Change

Employee rewards and recognition can play a pivotal role in initiating a change in the organization’s culture.
Organizations should include behavior or value-based recognition in their employee programs in addition to the general outcome based recognition.

Automated Performance Assessment – Rise of the Machines

Automated Performance Assessment – Rise of the Machines

In the near future, organizations would take a big data approach to performance appraisals.
It would increase efficiency, reduce bias and the cycle time

Importance of Celebrating Personal Milestones of Employees

Importance of Celebrating Personal Milestones of Employees

Celebrating personal milestones of their employees as part of their employee rewards and recognition programs can help organizations to motivate their employees and drive their performance, commitment and loyalty.