Click here to close now.




















Welcome!

News Feed Item

New IRF Report Highlights Top Motivation Trends in 2014

Retention and Measurement Are Among the Key Issues That Will Impact America's Investment in Its 'Human Capital' in the Coming Year

ST. LOUIS, MO -- (Marketwired) -- 02/14/14 -- The Incentive Research Foundation (IRF) has released a comprehensive report, 2014 Trends in Rewards and Recognition, revealing that businesses will emphasize social aspects, retention and measurable outcomes in their motivation programs this year.

In preparing this anticipated trends report, IRF researchers analyzed existing proprietary research, scanned incentive industry and business publications, and sought input from numerous industry professionals.

IRF President Melissa Van Dyke notes that the IRF's research findings revealed 10 key trends -- in addition to other 2014 indicators -- and these are highlighted in the 2014 Trends in Rewards and Recognition Report. Specific trends include:

  • Talent Wars and Leadership Squeeze: Many companies are ignoring the jobless as potential candidates and instead targeting their competitors' key employees. This makes it more important than ever to recognize and reward top performers and bind them to your company over the long term. Likewise, a shrinking leadership pipeline has left organizations struggling to develop organizational leadership capacity. In response, many firms are using existing rewards and recognition platforms to align workforce skills and link behavior to the firm's broader business mission, as well as turning to incentive travel to bring top performers together to learn from one another and help solve key business issues.
  • 'Holistic' Motivation is Hot: The integration of social media technology into Rewards & Recognition programs is one of the most prevalent developments in recent years, with more than one-third of program owners incorporating gaming techniques or virtual elements. Corporate Social Responsibility also continues to be a hot topic for planners, with nearly half integrating it into their programs. Likewise, just over 60% of program owners say they're either reviewing making wellness part of their programs, or have already implemented a series of changes to integrate it.
  • Expanding Budgets Improve Programs: The recovering economy is having an extremely positive impact on motivation programs. Nearly 40% of incentive travel program owners and 42% of merchandise and gift card program are increasing their budgets this year. Program owners are significantly more likely now to say the economy is having a positive impact than they were two years ago.
  • Connecting People to Profits: Businesses that have invested in building what some call a "culture of appreciation" are now looking for employee engagement to translate into more immediate, recognizable and revenue-related results. This represents a key opportunity for providers of non-cash award and incentive travel programs who can connect programs to the direct outcomes of sales, retention, productivity, and customer satisfaction.
  • Big Data: The opportunity to collect and analyze the massive amounts of data produced daily is being hailed as the next big opportunity for businesses of all sizes. HR departments and providers of Rewards & Recognition programs that can capture, translate and integrate this data to more effectively support the company's desired outcomes will be better able to position themselves to outperform the competition.

For additional details on the results and to read the full report, please visit: http://theirf.org/2014-Trends-In-Employee-Engagement-Incentives-Rewards-Recognition.6115782.html

About the IRF:
The Incentive Research Foundation (theIRF.org) funds and promotes research to advance the science and enhance the awareness and appropriate application of motivation and incentives in business and industry globally. The goal is to increase the understanding, effective use, and resultant benefits of incentives to businesses that currently use incentives and others interested in improved performance.

Contact:
Lois Russo/Jon Lieb
IRF Media Relations
212-563-8025

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Learn how you can use the CoSN SEND II Decision Tree for Education Technology to make sure that your K–12 technology initiatives create a more engaging learning experience that empowers students, teachers, and administrators alike.
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.
Container technology is sending shock waves through the world of cloud computing. Heralded as the 'next big thing,' containers provide software owners a consistent way to package their software and dependencies while infrastructure operators benefit from a standard way to deploy and run them. Containers present new challenges for tracking usage due to their dynamic nature. They can also be deployed to bare metal, virtual machines and various cloud platforms. How do software owners track the usag...
As Marc Andreessen says software is eating the world. Everything is rapidly moving toward being software-defined – from our phones and cars through our washing machines to the datacenter. However, there are larger challenges when implementing software defined on a larger scale - when building software defined infrastructure. In his session at 16th Cloud Expo, Boyan Ivanov, CEO of StorPool, provided some practical insights on what, how and why when implementing "software-defined" in the datacent...
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. CommVault can ensure protection and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his session at 17th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Partnerships at Com...
SYS-CON Events announced today that VividCortex, the monitoring solution for the modern data system, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. The database is the heart of most applications, but it’s also the part that’s hardest to scale, monitor, and optimize even as it’s growing 50% year over year. VividCortex is the first unified suite of database monitoring tools specifically desi...
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
In their session at 17th Cloud Expo, Hal Schwartz, CEO of Secure Infrastructure & Services (SIAS), and Chuck Paolillo, CTO of Secure Infrastructure & Services (SIAS), provide a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. In his role as CEO of Secure Infrastructure & Services (SIAS), Hal Schwartz provides leadership and direction for the company.
SYS-CON Events announced today that MobiDev, a software development company, will exhibit at the 17th International Cloud Expo®, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software development company with representative offices in Atlanta (US), Sheffield (UK) and Würzburg (Germany); and development centers in Ukraine. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobi...
There are many considerations when moving applications from on-premise to cloud. It is critical to understand the benefits and also challenges of this migration. A successful migration will result in lower Total Cost of Ownership, yet offer the same or higher level of robustness. In his session at 15th Cloud Expo, Michael Meiner, an Engineering Director at Oracle, Corporation, analyzed a range of cloud offerings (IaaS, PaaS, SaaS) and discussed the benefits/challenges of migrating to each offe...
"We've just seen a huge influx of new partners coming into our ecosystem, and partners building unique offerings on top of our API set," explained Seth Bostock, Chief Executive Officer at IndependenceIT, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Digital Transformation is the ultimate goal of cloud computing and related initiatives. The phrase is certainly not a precise one, and as subject to hand-waving and distortion as any high-falutin' terminology in the world of information technology. Yet it is an excellent choice of words to describe what enterprise IT—and by extension, organizations in general—should be working to achieve. Digital Transformation means: handling all the data types being found and created in the organizat...
Chuck Piluso presented a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. Prior to Secure Infrastructure and Services, Mr. Piluso founded North American Telecommunication Corporation, a facilities-based Competitive Local Exchange Carrier licensed by the Public Service Commission in 10 states, serving as the company's chairman and president from 1997 to 2000. Between 1990 and 1997, Mr. Piluso served as chairman & founder of International Te...