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In this episode of The HR Leader, host Jack Campbell is joined by the country manager for Perkbox Australia, Ross McDonald, to discuss the importance of rewards, benefits, and recognition in the modern workplace, especially in the context of remote and hybrid working models.
The duo discuss the significance of offering rewards, benefits, and recognition in today’s job market, where attracting and retaining talent is crucial. They explore how organisations need to adapt their strategies to cater to distributed work models, where remote and hybrid work arrangements have become more common.
Ross explains that recognition is a vital component of engagement and cites surveys that reveal employees value recognition as much as clear performance expectations. He emphasises that recognition contributes to building a positive organisational culture.
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Benefits include any additional incentives that encourage working a little bit more to obtain outcomes, foster a feeling of teamwork, or increase satisfaction at work. Small incentives may have a big impact on motivation. The advantages build on financial rewards to promote your business as a desirable employer.
