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Firms worried about employee engagement policies

In the past, employee incentive programs may have been primarily concerned with attracting and retaining top talent. However, new research shows this to be changing.

In the past, employee incentive programs may have been primarily concerned with attracting and retaining top talent. However, new research shows this to be changing.

According to the latest reward risk survey from the Chartered Institute of Personnel and Development (CIPD), senior personnel are thinking more critically both about the type of rewards they are offering and how they are being perceived by staff members.

The top concerns among management regarding their incentive programs included that employees don't understand the performance and behavior requirements, leaders are unable to communicate these desired elements and rewards don't engage staff members.

"If the top risk remains that 'employees do not appreciate the value of the total reward offering,' then [human resources] needs to ask what is doing to manage this concern?" said Charles Cotton, rewards advisor at CIPD. "HR and reward professionals need to recognize that there are many inherent risks in how employers reward and recognize their employees."

By working with HR, senior management can better communicate with employees by outlining program expectations and places where queries can be addressed.

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