Modernizing Rewards and Recognition (R&R) Practices in the Digital World

Abstract

The objectives of this paper are to understand the importance of R&R in employee’s engagement, to identify the shift in R&R preferences in the current workforce and to identify how organisation can adopt to the new practices. Quantitative Study was done for the survey to know preferences of current workforce in terms of R&R. The Sample chosen for the survey was Workforce across industries. It was found there is a shift in employee preferences from traditional recognition ways to modern and digital ways of recognition. Employees mainly preferred social recognition and recognition coming from senior leadership. The Practical or Theoretical implementation of the project is to understand how organisation can actually adopt to the modern R&R practices as per the needs of the current workforce. There are papers showing R&R preferences of employees but with the current trend of Work from home and connected virtually, how there is a shift in R&R preferences and what organisation can do to adopt these practices is the unique point of this paper.