Searching Recognition on page 12

You probably interact with it every day, using voice recognition from Siri or Alexa, getting recommendations from Netflix or seeing surprisingly personal ads pop up on Facebook.

. ;; ;; ;; ; Workspan Magazine, June-July 2024 TR pros revamp retention strategies in recognition that baby boomers are a valuable talent pool.

They support WorldatWork’s mission by providing practitioners, via established course materials, with training and education to effectively design and implement strategies and practices in Total Rewards, including compensation, benefits, work-life, recognition and career development.

AI, machine learning, deep learning, natural language recognition and unstructured data processing have seen such a leap in quality and processing capability in the past two or three years, that a myriad of possibilities so far unheard of are being opened – and more is to come in the very near future.

The most innovative companies are looking at post-COVID times as a chance to review in-depth and upgrade their different rewards programs — leveling, market surveys, salary design, short-term variable pay, long-term compensation and executive remuneration, benefits, work-life harmony (which is very important in Europe), recognition, talent development and the like, to make them more modern, fit-for-purpose and constitutive of a powerful employee value proposition.

Michael Muldoon of Reward Gateway | Edenred reinforced the need for cohesive experience design — connecting recognition, well-being and communication into a unified whole.

See Issue Workspan Q1 2023 In the Q1 2023 issue of Workspan, we're navigating the brave new world of pay transparency, writing a new prescription for recognition, discovering college grads' top job wants and more.

Culture-aligned recognition fosters community, pride, inclusion and emotional commitment as intangibles that don’t show up in your budget spreadsheet but definitely show up in your turnover data.”

According to Reuters, the Act mandates “employers cannot use webcams and voice recognition systems to track employees’ emotions, while mobile [closed-circuit television] cameras equipped with AI-based facial recognition technologies for law enforcement purposes are prohibited, with limited exceptions and stringent safeguards.”

There has been a notable decline in the use of spot bonuses for special recognition (e.g., training completion, patent achievements, cost savings).