Last week I attended the annual Motivation Show in Chicago. So you might ask, what’s new? First off, I am truly amazed how the performance improvement industry is growing in this economy.
Many companies (mostly mid size, 4000+ employees) for the first time are seeking a rewards and recognition partner. These companies have been running programs themselves for years. Unfortunately, they never took the time to formalize their recognition efforts, and quite possibly, many programs were running throughout their organization at the same time. Not only were results improperly tracked, ROI was not on target. Talk about throwing money out the window!
While good companies realize the importance of motivated employees, they are also looking for cost savings and value. Organizations are looking at what is being spent annually and are realizing a centralized recognition system would save thousands. An experienced partner can assist with powerful online reward and recognition tools, allocating funds, budget creation, and ROI tracking. Check out the 2009 Circle of Excellence Award winners.
Also, a variety of players in the marketplace are morphing and changing. Many of those who specialize in years of service, travel options or trophies are now expanding their horizons. Not only are they providing their existing products and services, they are now offering a more complete array of services. Goes to show this marketplace is changing just like any other industry in this economy.
Another interesting take away from the show was the huge impact of green and socially responsible award suppliers. More green and socially responsible “products” are appearing as reward choices. And the Gen Y group is the number one fan!
If you attended The Motivation Show, I would enjoy hearing your thoughts and feedback.
