If an executive asked you “How much did we spend on recognition last year?”, could you answer the question? Is your recognition program distributed fairly, regardless of gender, ethnicity, or other demographics? Are all rewards properly reported and taxed?
Most large enterprises have trouble answering these questions. Disparate, ad hoc, unaccounted-for recognition programs make spend difficult to control and track. Unless you regain control, your company may be exposed financially.
In this feature brief, you will learn:
- Three types of compliance issues that can occur as a result of a rewards and recognition program
- Ways to modernize your program and gain complete visibility and control of your investment
- How Globoforce can provide reporting and insights that minimize risk and ensure compliance