At many U.S. companies, salaries continue to be stagnant, with little financial surplus available for bonus rewards. Experts predict that rewards and recognition programs will begin using more peer-to-peer platforms, nonmonetary accolades and innovative incentives to engage and retain employees.
Unlike other business segments that saw massive workforce cuts and talent competition slow over the course of the recession, employers in the technology sector continued to fight for top talent throughout the economic slowdown. The cutthroat war over star employees continues, and some startups have found unique ways to compete with the large coffers of tech giants like Facebook and Google.
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