Recognition is no longer limited to a top-down approach. Companies now are leveraging technology-enabled platforms to include recognition at every level — peer-to-peer, senior to-junior and junior-to-senior. A right framework and efficient implementation of Reward and Recognition (R&R) Program often triggers positive behaviors amongst employees. And organizations are employing various innovative, broad-based recognition programs to encourage achievement, boost morale, attract and retain talent, and create a culture aligned with business vision and value system.
This People Matters and Rewardian study is designed and conducted with the objective to understand how leading companies in India approach recognition programs. The survey saw the participation of HR professionals from 180 companies across industries and sectors. The study focuses on three aspects of employee recognition programs:
1) Strategic Positioning: The placement of recognition programs in the value chain – their alignment with business vision and goals.
2) Technology Imperatives: Understanding the role that technology plays in the R&R philosophy.
3) Impact Analysis: Measurement of recognition programs and their perceived impact at different levels