The newly released 2022 Incentive Travel Index (ITI) reports that, overall, the incentive travel industry is strong....
Research / Incentive Program Design for Crisis Recovery
by Incentive Research Foundation
When the COVID-19 pandemic struck in early 2020, incentives professionals were challenged to develop new strategies to keep their people and teams motivated. As the industry takes measures to recover from the pandemic, many businesses have new goals.
Best practices and principles in effective employee incentive program design are critical components of motivating and rewarding a workforce that may be fundamentally changed by pandemic.
Each of the articles in this report is informed by IRF, other related research, and the insights of nineteen industry professionals whose perspectives range from incentive program design and program ownership, to corporate executives who use incentive programs to motivate their employees.
Crises like COVID-19 influence the manner, emphasis, and degree to which the principles and practices of effective reward program design should be applied. Thus, each of the articles offers insight into how organizations might adapt and use incentives and rewards to address the immediate challenges presented by the pandemic and how incentives can accelerate recovery.
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The Incentive Research Foundation’s Industry Outlook for 2023: Merchandise, Gift Cards and Event Gifting reports an optimistic outlook for 2023 despite continuing challenges to the global economy. With a critical focus on attracting and retaining talent, businesses consider non-cash incentive programs to be a valuable tool to motivate a changing workforce.
IRF President Stephanie Harris and IRF Chief Research Adviser Rick Garlick present this useful analysis of how incentive, rewards and recognition programs are being designed and budgeted for 2021.