With incentive, reward and recognition (IRR) programs resulting in an average 22 percent gain in employee performance, it is generally accepted by US businesses that rewards work to promote productivity. To help business maximize the effectiveness of their IRR programs, the Incentive Research Foundation has released Award Program Value & Evidence, a summary of the advantages of non-cash rewards and an examination of how businesses are measuring the program benefits.
Award Program Value & Evidence discusses the role of recognition in IRR initiatives and the broad benefits of cash and non-cash rewards. It then provides an overview of academic research that explains the psychology behind why non-cash rewards are so effective. Award Program Value & Evidence concludes with a discussion of the measurement of the benefits of IRR programs.
Advantages of Non-Cash Rewards
Measuring Incentive, Reward and Recognition Programs
Award Program Value & Evidence was supported by IRF Research Advocacy Partner, Incentive Magazine.
To view or download a copy of the white paper, please visit: Award Program Value & Evidence White Paper
To view or download a copy of the full study, please visit: Award Program Value & Evidence Study