Incentive Federation Plans to Develop Standards

The Incentive Federation, Inc. announced Dec. 12 that it is finalizing proposals to both ANSI to be approved as a developer of a Domestic Standards Program for Workforce Incentives, Rewards and Recognition Standards, and to ISO to have a Technical Committee established to oversee those standards and to eventually have them approved by ISO.

The Incentive Federation, Inc. announced Dec. 12 that it is finalizing proposals to both the American National Standards Institute to be approved as a developer of a Domestic Standards Program for Workforce Incentives, Rewards and Recognition Standards, and to the International Organization for Standardization to have a Technical Committee established to oversee those standards and to eventually have them approved by ISO.

The federation has engaged the services of the Healthcare Management Institute of the University of Texas Medical Branch to assist in this process. The timeline for submitting the proposals is by the first quarter of 2019. The Incentive Federation was approved as a member of the American National Standards Institute (ANSI) earlier this year and will continue its membership in the organization throughout the standards approval and development process.

The federation's news release said that standards for the incentive and recognition industry, when properly applied and executed, promise to help businesses deliver more powerful, more effective solutions and programs for rewarding and recognizing excellent employee performance, increasing productivity, and ensuring customer retention and satisfaction.

There are five non-profit organizations serving as IFI members, and they have an interest and stake in developing standards for the benefit of their nearly 20,000 members and sponsors, it says, adding that the federation "needs the support of its members, both financial and intellectual, to ensure that the standards being developed represent the interests of the members and, most importantly, the interests and needs of the thousands of businesses employing incentive, recognition or rewards programs for customers and employees."

The federal plans to ask IFI members and other industry companies to pledge their support in 2019 and to offer their expertise in helping craft the standards documents.

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