Nonfinancial recognition: exploring employees' preferences in a South African information technology organisation
Year: 2009
Type: article
Study design: Observational Study
Abstract: The pressures of tighter labour market conditions in the information technology \n(IT) industry in particular and the resultant challenge of recruiting, retaining and \nmotivating valuable staff without substantially increasing pay levels have led to a \nrenewed interest in nonfinancial recognition initiatives. This research investigated \nemployees’ preferences regarding a formal company nonfinancial recognition \nscheme in an IT organisational context. A sample of 758 employees from a large \nSouth African IT company participated. The Nonfinancial Initiatives Inventory was \napplied to achieve the objectives of the study. The findings revealed that \nparticipants from various sociodemographic groups differ significantly regarding \nthe value they attach to the criteria associated with an effective formal company \nrecognition scheme and the types of recognition incentives they prefer. The \npractical value of the results of this study lies in the design of a more effective \nreward and recognition incentive strategy for IT personnel and the possible \nretention of valuable staff within the IT environment.
Language: English
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2146730260