Best Practices for Optimizing Employee Rewards in 2024

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Presented by

Brie Harvey, Head of Market Research and Community, Achievers

About this talk

Although it's been well-established that meaningful rewards can boost employee engagement and performance and despite the fact employers spend nearly $200 billion annually on rewards and recognition, less than half of employees feel valued at work. Join Brie Harvey, Head of Market Research at Achievers Workforce Institute, for an exclusive exploration into the evolving landscape of employee rewards. We'll break down the seven most common reasons why many well-intended investments in traditional rewards programs fail to drive cultural and behavioral outcomes, based on insights from the 2024 State of Recognition report. You'll learn: - Key principles for harnessing behavioral science to maximize appreciation and mitigate entitlement when it comes to extrinsic motivators - Low-cost, high-impact reward strategies that promote equity and regular positive reinforcement - How non-monetary and peer-led recognition can create "digital love bombs" at scale and transform organizational culture - The role of recognition technology in providing personalized, meaningful rewards at scale
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