Incentra Insights

One of the most frequently asked questions that we get from clients and prospective clients is “what is the ROI of an employee recognition program?” Recognizing employees is much more than just a nice thing to do or an added perk – it is an essential business component.

Combating Staff Turnover

It’s no secret that one of the biggest problems facing healthcare organizations across the care continuum is employee retention. Turnover in the healthcare industry is at an all-time high, which means that HR leaders are scrambling to improve retention and employee happiness at work as the demand for talent rises. 

As January 2020 comes to a close, we want to share our top 5 blog posts (by number of page views) that were published in 2019. If you missed any of these posts, be sure to check them out. They include information on the latest news and trends in the industry as well as helpful information on employee recognition and channel incentives.

A New Year – A Fresh Star

2020 has arrived and as always a new year brings us tough challenges and exciting opportunities. So what do we need to focus on this year in our employee recognition programs? What are the difficult issues and potential breakthroughs we will have to face? Do we know what they are and are we ready to take them on?

Our clients often ask us:  How much should we spend on employee recognition awards? What percentage of payroll should we budget for our program? How much should we budget for a multi-level recognition program?

Start with Existing Program Dollars

Most companies spend more money on recognition than they realize. Departments and individuals locally source awards, track down tickets to sporting events, and purchase pockets full of gift cards.

The problem is, with no overall recognition strategy in place, these initiatives typically amount to a hodgepodge of unrelated efforts with scattered accountability, little or no budget tracking, and no alignment with corporate goals or culture.