Today, the rising need for next-gen, tech-driven employee rewards posture is poised to have a big impact on the overall business landscape as several studies predict that the millennial employees in Europe will reach a peak presence of 43 percent by the year 2025. And owing to their tech-savviness, this future workforce will prefer joining companies that offer digital solutions for medical insurance, vacation, profit-sharing, and retirement benefits, among other things. At the same time, organisations will also need to transform their internal employee recognition and rewards infrastructure to match the preferences of the surging population of technically and digitally-competent employees.
In light of these developments, modern day firms are seeking employee reward solutions that will enable them in effectively rewarding their workforces in a quick and engaging manner. Leveraging emerging technologies such as AI, machine learning, and IoT, among others, these solutions are set to revolutionize the delivery of employee rewards for the employees of the current digital era of business.
Looking ahead, the employee rewards arena is poised to become a space where HR departments automate cumbersome paper-based tasks and develop programs based on insights extracted from datasets of employee information. As a result, organisations across several industry sectors will be able to draw in the rising millennial candidates while also rewarding the existing workforce with programs that effectively align their preferences to the overall organisational objectives of their firms.
This edition of HR Tech Outlook brings you companies that provide cutting-edge employee reward solution providers in Europe. With several client success stories, these nimble solution provider firms are continually proving their abilities in employee rewards delivery. We hope this issue helps you build the partnership you need to drive success.
We present to you HR Tech Outlook’s “Top 10 Employee Reward Solution Providers in Europe – 2020.”