In the current business environment, marked by talent shortages and economic uncertainties, Rewards and Recognition (R&R) solutions actively enhance employee engagement and productivity. Many companies recognize the importance of attracting and retaining top talent and improving employee engagement, prompting them to adopt R&R solutions to foster a culture of appreciation and recognition across the organization. Despite being a non-revenue-generating investment, prioritizing employee experience delivers tangible and intangible benefits for enterprises. It not only helps attract and retain top talent but also cultivates a positive workplace culture, boosts employee motivation, and drives performance. The market for R&R solutions is highly competitive, with numerous providers offering solutions at varying levels of sophistication and pricing models. The market is also undergoing consolidation, as larger companies acquire smaller participants to expand their market presence.

The Rewards and Recognition (R&R) Solutions – Provider Compendium is a companion to Everest Group’s latest study, Rewards and Recognition (R&R) Solutions PEAK Matrix® Assessment 2023. In this research, we provide comprehensive and detailed profiles of 26 R&R solutions providers, covering the providers’ company overview, key clients and partnerships, product capabilities, and key developments. In addition, each provider is also positioned on Everest Group’s PEAK Matrix® for comparison. The compendium will enable providers to benchmark their capabilities against their peers, while buyers will be able to assess the providers based on their desired set of capabilities.

Scope:

• The assessment is based on Everest Group’s annual RFI process for the calendar year 2023, interactions with leading R&R solutions providers, client reference checks, and an ongoing analysis of the R&R solutions market
• All industries and geographies

Contents:

In this report, we evaluate R&R solutions providers on their:

• Company overview
• Recent investments and announcements
• Market adoption and capabilities
• Client portfolio mix
• Partnerships
• Solution capabilities and key enhancements
• Process coverage
• Key strengths and limitations

Membership(s)

Human Resources

Sourcing and Vendor Management