To engage employees in innovation, 44% of companies provide incentives for innovative accomplishments, 43% support external workshops or training, and 42% offer special innovation-focused events like hackathons.

EY (2019)

Innovation is critical to the success of any business, yet it can be difficult to engage employees in this process. Many companies find that the best way to encourage innovation is to provide incentives for innovative accomplishments; this could include bonuses, Recognition awards, or even accelerated career growth opportunities. Other companies focus on external workshops or training to help employees get new ideas and learn best practices. Finally, some companies offer special innovation-focused events like hackathons where employees can team up to brainstorm new solutions. By taking a proactive approach to encouraging innovation, companies can ensure that their overall business strategy stays fresh and relevant.