FuturiseHR: The Evolving Space of Rewards & Recognition – Insights by Sagar Chadhuri

Today’s fast-paced World of Work is constantly changing, which means Employee expectations are changing too. In the latest episode of FuturiseHR, Sagar Chadhuri outlines how R&R Strategies have transitioned from a periodic expression of appreciation to a continuous, highly personalised way of recognising the genuine contributions an employee makes in their job day-to-day:

Sagar states that organisations should start thinking outside of traditional R&R Schemes when developing meaningful recognition systems which fit the unique interests and motivations of their employees. For instance, building Peer to Peer recognition, establishing a proper structure around digital prize delivery, holding a formal Anniversary celebration party and creating a variety of personalised motivational awards/motivators. As R&R progresses and expands, it becomes increasingly dynamic and fundamentally, more employee centric. Companies that have established these types of programmes generally experience increased employee morale, higher level of employee engagement, greater levels of productivity and thus greater success.

As a result, the evolution of this environment is not about recognising employee achievement per se; it is about creating an environment where Employees are commonly recognised for all they do every single day. Not only does FuturiseHR provide insight into the development and evolution of the Human Resource industry in all markets; it also supports the continuing evolution of the Human Resource field of businesses, as well as supporting efforts to prepare for the Future of Work.

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