With Alex Alaminos, CEO, Madison
Recognition programs have become a gateway to employee productivity, loyalty, engagement and retention. In fact, according to Deloitte, organizations withÂ employee recognition programs have 31 percent less voluntary turnover. As HR considers a first- or second-generation rewards programs, a main considerationÂ for executives should be the financial structure. Here Alex Alaminos, CEO of Madison, explains the key differences between billing on issuance and billing onÂ redemption and the considerations for approach depending on organizational goals.