The Incentive Research Foundation (IRF) claims its latest research found that top performing companies are more likely than average-performing businesses to use non-cash rewards and recognition programmes to reward their sales people (90 per cent), employees (88 per cent) and channel partners (81 per cent). Top performing companies also think about, design, and support their programmes differently. The IRF has released a checklist of best practices for companies on how to reward leading employees.
The foundation surveyed 900 organisations to reveal what the most successful companies do regarding non-cash rewards and recognition, in its new Incentive Benchmarking Survey. Melissa Van Dyke, IRF president, said: “The Incentive Benchmarking Survey revealed a wealth of best practices for human capital investments from truly exceptional companies. To be considered a top performer for this study, companies met benchmarks in revenue, growth, customer ratings and employee ratings. Of the 900 companies reviewed, only 300 organisations made the cut.”
The survey lists 10 tips for companies, in Ten Things Top Performing Companies Do Differently, including
To view the full report, visit the IRF homepage here.