How can a company create a culture of engagement through its rewa

A company can create a culture of engagement through its rewards program by ensuring that the rewards are meaningful and relevant to the employees. This could include financial rewards, but also non-financial rewards such as recognition, development opportunities, and a positive work environment. The rewards program should be transparent and fair, and employees should have a clear understanding of what they need to do to earn rewards. Regular feedback and communication are also important to keep employees engaged and motivated.

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Deloitte research indicates that the overwhelming majority of companies – 91% of those surveyed – still follow the conventional practice of conducting salary reviews only once a year or less. Even worse, organizations rate their rewards programs with a Net Promoter Score of -15 and only 21% say they would recommend their program to others. Business and HR leaders are aware of the problem, but only 6% of respondents to a Deloitte survey indicate their organizations are good at attracting talent, and only 8% say they are good at retaining it.

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Team Rewards & Recognition

How can you make your team feel valued and stay motivated? Wrap up the year on a high note and recognize and reward the high achievers on your team. U...

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