With changing employee expectations, organizations need to keep up with what the present employee and the work environment wants and needs from their rewards and recognition systems and processes. Where does AI fit into that equation? How is AI impacting employee rewards and recognition systems that are in place? How can organizations align themselves better to technology that will affect incentive frameworks in the future?
While the work ecosystem may be dynamic and evolving at a speed that is often hard to keep pace with, certain aspects of work do not change. The concept of employee rewards and recognition is one such unchanging aspect that never loses significance despite the blitzkrieg of changes around it.
The systems and processes of rewarding and recognizing employees may undergo some minor (as well as drastic) modification, there may be ample debate on the best practices to follow when it comes to rewarding the people at work and HR teams across geographies and sectors may be utterly divided in their approach to recognizing their human resources. That said, employees will never stop expecting to be rewarded and recognized for their work and organizations will always try to come up with ways to live up to these expectations.
Source : HR Technologist