Rewards & Recognition Trends Report 2023

This report examines how rewards and recognition programs influence employee attrition and why strong R&R practices are becoming essential in the modern workplace. Based on research across more than 100 companies, 1M+ employees, and 10+ industries, it offers insights into how recognition strategies can improve engagement and reduce turnover.

The report looks at industry trends, R&R expenditure, and the impact of monetary and non-monetary rewards on retention. It is especially useful for HR leaders seeking data-backed proof points, emerging practices, and practical direction on how to design recognition strategies that help retain talent in a competitive environment.