Total Rewards Today vs Yesterday

Lots of employers are looking to intangible rewards in their quest to keep the workforce engaged and to retain high performers when budgets are tight and profits below expectations. Collective Brands in the US, for example, plans to provide much more focus on non-monetary forms of rewards and recognition. In tougher economic times, in general there will be a focus to provide recognition through non-monetary vehicles with most employers especially the mid-sized ones.

"We will keep monetary rewards for special occasions and focus on non-monetary as the norm" says Bernie Matherson of Excalibur Computer Sequencing.