Compport Blogs

RewardsTech refers to the use of technology to manage and administer employee rewards programs, which may include various types of compensation and benefits such as bonuses, salaries, stock options, retirement plans, and more.

ASC 606 (Accounting Standards Codification Topic 606) and IFRS 15 (International Financial Reporting Standard 15) are both accounting standards that provide guidance on revenue recognition.

Collaboration may involve cross-functional teams, such as HR, finance, and operations, as well as external consultants and vendors who specialize in rewards and employee engagement. The goal of collaboration is to create a comprehensive and effective reward system that fosters a positive and engaging work culture, enhances employee performance, and supports the organization's overall success.