The report segmented 18 R&R providers into Leaders, Major Contenders & Aspirants
New York, NY. October 22, 2018 — Madison, a global leader in social recognition, has been named a leader in Everest Group’s PEAK Matrix for rewards and recognition outsourcing service providers for 2018. The report examines the global rewards and recognition outsourcing market and its service provider landscape, providing insights into the strengths and areas of improvements of each service provider. Based on the matrix, 18 rewards and recognition service providers were segmented into Leaders, Major Contenders and Aspirants for 2018.
“We are honored to be a leader in the employee rewards and recognition space and look forward to helping shape the industry in 2019 and beyond,“ said Alex Alaminos, Managing Director at Madison. “We are committed to the ever-changing needs of today’s workforce and are constantly researching, developing and introducing innovative technology and product offerings to stay ahead of the workforce trends of tomorrow.”
According to the report, the recognition outsourcing market has emerged as one of the fastest growing markets in the HRO space clocking a growth rate of 14% between 2016 and 2017. With employee engagement and experience becoming increasingly important for enterprises, the market is witnessing an increasing demand for reward and recognition services from buyers of all sizes. This demand is bolstered by emerging challenges such as, changing workforce demographics and a rapidly evolving technology landscape.
Madison is honored to be a leader in the Everest Group assessment and is fully commitment to providing exceptional solutions that satisfy each of their client’s unique needs.
Gina Jessica Smith
As a global leader in Social Recognition, Madison provides enterprise-class organizations with employee recognition, incentives and service anniversary programs designed for the needs of today’s ever-changing workforce. Madison’s recognition strategy focuses on making managers mentors, reinforcing a sense of belonging, celebrating personal and professional milestones and emphasizing inclusion and diversity.
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