I Love Rewards Inc.

I Love Rewards Inc.

July 07, 2008 11:30 ET

I Love Rewards Recognized as a Leader in Human Capital Management

- I Love Rewards ranked alongside Research in Motion, WestJet and Canadian Tire as a 2008 Human Capital Leader. - Sixty nine percent of Canadian executives believe employee retention will be the biggest challenge facing their human resource department in the future.

TORONTO, ONTARIO--(Marketwire - July 7, 2008) - I Love Rewards, a leader in employee rewards and recognition programs, has been named a 2008 Human Capital Leader by The Beacon Group for its unique corporate culture, sustained employee retention ability and outstanding reputation amongst both current and prospective employees.

The 2008 Human Capital Leaders were determined by results of a survey conducted on the state of human capital management in Canada. A total of 4,070 Canadian executives completed the survey, revealing not only current workplace issues, but also the key human capital trends of the future.

"The survey offers insight into what employers and human resource departments need to consider and confront when it comes to employee relations, recruitment and retention and the development of HR best practices," said Razor Suleman, CEO, I Love Rewards. "It is truly rewarding to be named a leader in this field because our number one priority has always been to recruit, retain and inspire great people."

At a time when Canadian companies are battling to win the war on talent by attracting the best of Generation Y and dealing with baby boomers retiring at an ever-increasing rate, human capital management is being pushed to the forefront for both private and public companies as well as subsidized, government and non-profit organizations.

According to the survey, employee retention is the single biggest workplace concern for Canadian companies. A telling 69 percent of respondents ranked retention strategies as the number one challenge they believe their human resource departments will face.

"Employees are at the core of any business and if a company wants to retain their A Players they need to put a plan in place," says Razor Suleman. This plan should include ways to promote career growth and development with training and education programs; recognize employees for good work and living the company's values; and actively participate in building a distinctive workplace culture."

Results of The Beacon Group's Human Capital Leaders of 2008 survey also provide information on key business challenges for the future, qualities executives look for in an employer, recruitment and retention strategies and HR best practice strategies. The Beacon Group is a Canadian-based professional services firm. For more information visit www.thebeacongroup.ca.

I Love Rewards develops innovative web-based employee rewards and recognition solutions for small to medium-sized businesses and Fortune 1000 companies. For more information please visit www.iloverewards.com.

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