Reward and recognition is an area that many organisations struggle with – particularly so when you consider our increasingly diverse workforce and the financial constraints of recent years.
But as poor people management and the effect on engagement costs the UK economy £84bn in potential efficiency gains, the contribution of reward and recognition and how it is linked to your level of employee engagement cannot be underestimated.
Why? Because where employee engagement is high, research has shown more efficient and effective organisations with employees who are more customer-focused, creative, present and motivated.
To help give you an insight into reward and recognition and the concept of Total Reward - a holistic approach that takes in both the needs of individuals and your organisation - join us at our upcoming business breakfast.
We will look at how different groups of employees have different wants and how you can clarify your reward and recognition strategies to meet them – in turn helping you to retain and develop the talent your organisation needs.
During the session you will explore:
- The purpose and scope of reward and recognition
- Total Reward and how you can use the model to assess your practices
- The importance of consultation and tailoring rewards
- The role of leaders and managers in supporting reward and recognition
We believe that a happy, healthy and sustainable culture can help your organisation to manage change and achieve its ambitions. Reward, recognition and the impact on employee engagement play a vital role in this and we hope you can join us to further understand why.