The content does not provide specific examples of innovative rewards programs with high Net Promoter Scores. However, companies that typically have high Net Promoter Scores often have rewards programs that are personalized, flexible, and aligned with the company's values and objectives. These programs may include non-monetary rewards such as recognition, career development opportunities, and flexible work arrangements.

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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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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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Companies can balance between attracting and retaining talent by implementing effective rewards programs and conducting regular salary reviews. They should also focus on creating a positive work environment that encourages employee growth and satisfaction. It's important for companies to understand what their employees value and to align their rewards and recognition programs accordingly. Regular feedback and communication can also help in understanding employee needs and expectations, thereby aiding in retention.

The content does not provide specific examples of companies with successful rewards programs. However, some well-known examples include Starbucks with their Starbucks Rewards program, Amazon with Amazon Prime, and Sephora with their Beauty Insider program. These companies have been successful in creating rewards programs that offer value to their customers and encourage repeat business.

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