Changing the Compensation Conversation and the Growing Utility of Noncash Rewards and Recognition

In the aftermath of the great recession, progressive HR executives represent a key partner to executives looking to do more with less. As the need for increasingly agile and cost- effective reward structures expand in strategic importance, top business leaders and consultants are turning more and more to non-cash rewards and recognition. Research shows that top-performing organizations are using travel, merchandise and gift cards to augment current reward structures and impact near-term success. And they are doing so with great success. By following eight basic events in the design and implementation of non-cash reward and recognition programs, all organizations can build a cost-effective reward portfolio that captures key talent and, most importantly, business results.