In our
last post, we introduced the recent research conducted by the Incentive Research
Foundation entitled
'Award Program Value & Evidence.' While the research provided more than
ample evidence to support the use of non-cash awards for employee recognition,
it went even further into the many other values of non-cash awards.
Specifically
it covers:
The
Psychological Mechanisms Underlying the Advantages of Tangible
Non-Cash Rewards
- Mental Accounting
- Appreciation vs Entitlement
- Effort Justification
- Social Signaling
- Perseverance, Effort and Performance
- The Reciprocity Effect
- Caution in the Use of Tangible Non-Cash Rewards
- Hedonic Adaptation
- Lower Aspirations
- Financial Hardships
- Recognition at the Forefront
- Employee Benefits
- Organizational Benefits
- Timing, Specificity, and Authenticity Matter
- Caveats
- Measure the Benefits of IRR Programs
- Focusing on Hard, Tangible Benefits
- ROI Analysis
- Supplementing ROI with Change Point Analysis
For
more information on Ultimate Choice Inc.’s products or services or other white
papers please contact us at Ultimatechoiceinfo@cox.net
