Compensation, Benefits & Rewards
Home
Complete archive of features and news articles, sample policies and procedures, assessments, and surveys.
Network and exchange ideas with other members in the forums or ask an expert in one of the hosted forums.
Access vendor directories, product case studies and showcases.
Read Best in Shows, view our conference calendar, read commentaries and take our news poll.
The Hot List
Blogs
Topic Channels
Comp, Benefits, Rewards
HR Management
Legal Insight
Recruiting and Staffing
Software and Technology
Training and Development
= Member Only
Workforce HR Jobs
Find A Job
Post A Job



Subscribe Now
Workforce Magazine
Subscriber Help
























= Member Only


Feature:

NonMonetary Reward and Recognition Providers

  

Feature Contents

1. The Complete Hot List
The Hot List features a ranking of top HR providers, products and services.


Similar Documents

Related Topics



Sponsored Tools

Effectively Manage Your Employee Time
Software & hardware allow you to integrate time tracking & payroll. View a 5-min demonstration here.


Register for the SAP HR Resource Center
Access SAP's Human Capital Management Resource Center today.


Master HR Compentencies Online w/ Villanova U.
Earn a HR Master Certificate & Gain the Skills to Execute Effective Employee Relations - Enroll Now!


Realmatch.com taking Recruitment by Storm!
"RealMatch.com is a stronger & better alternative to Monster.com" - Entreprener.com


Offer Top-Notch Benefits Packages with TriNet
Total HR solutions designed for growing companies: Serving the U.S. and Canada.


Get Listed >>>

 



NonMonetary Reward and Recognition Providers


Listed in alphabetical order
Published September 24, 2007
Comments 0 | Recommend 0

NONMONETARY REWARD AND RECOGNITION PROVIDERS

Employee recognition initiatives, once confined to an anniversary watch or steak dinner, have morphed into a burgeoning industry, as evidenced by the rapid growth of its nonprofit professional organization. Less than a decade after its 1998 launch, Recognition Professionals International numbers more than 850 members globally.

Today’s corporate leaders realize nonfinancial recognition is not a perk but a strategic necessity, says RPI executive director Christi Gibson. "They find it decreases turnover, it does increase profitability, it creates a positive work environment and it elevates customer service," she says. "It also attracts a better recruiting pool and improves retention of the top performers."

That jockeying for talent will only intensify as baby boomers head into retirement, Gibson says. By 2030, nearly one in five Americans will be 65 years or older, according to Census Bureau data.

As younger employees fill baby boomer shoes, they will demand far more interpersonal feedback than a direct-deposit receipt, says Tom McMullen, a vice president and U.S. reward practice leader at Hay Group, the Philadelphia-based management consulting firm.

"We’ve seen a lot more emphasis on nonfinancial programs, in part because of the shifting of the demographics of the workforce," he says. "I tend to be a personal believer that nonfinancial recognition is probably the most powerful type of recognition you can provide, when you use it selectively and sparingly."  --Charlotte Huff

To enlarge the view, click on the image below.
Adobe Acrobat Reader is require
d

pdf of hotlist image for September 24, 2007

 


Features Archive

           
E-mail this document Printer-friendly version Write to the Editor Reprint Information

Reproductions and distribution of the above article are strictly prohibited. To order reprints and/or request permission to use the article in full or partial format, please contact our Reprint Sales Manager at (732) 723-0569.


Comments

Guidelines: Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. We will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site. You are fully responsible for the content you post.








Copyright © 1995-2009 Crain Communications Inc.
All Rights Reserved. Terms of Use Privacy Statement