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The Basics
The FAQs
Non-cash Corner
News & Info
Why Rewards?
Seven out of 10 U.S. employees are not engaged in their work.
(Source: The Gallup Organization as reported in the Burea of National Affairs, Inc. - January 2003)
Tangible incentives increase performance an average of 22%.
Programs extending beyond one year produce and average 44% gain.
(Source: The Society of Travel and Incentive Executives - SITE, Spring 2002)
65% of survey respondents who found a new job cited "not feeling valued" and "insufficient reward or recognition" as reason for leaving previous employer.
(Source: McKinsey & Company's War for Talent 2000)
Cost estimates for turnover range from 33% to 150% of base salary. For a midsized company of 1,000 employees (average base salary $50K) with 10% annual rate of turnover, the cost is $1.7 million/ Society of Human Resources Management) to $7.5 million.
(Source: Bureau of Labor Statistics
Why Rewards Management?
Studies show that only 22% of companies measure their incentive programs. As with any capital investment, an incentive program should be subject to an ROI analysis. (Source: Donna Oldenburg, Incentive Industry expert and former publisher of Incentive Magazine)
On average, companies spend 36% of their revenues on human capital expenses. 84% of U.S. and multinational companies do not have a clear understanding of the ROI. (Source: CFO Research Services and Mercer Human Resource Consulting survey - Fall 2002)
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