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ipPerformance Group Initiates Inventor Rewards and Recognitions Study


Wednesday, June 18, 2014

ipPerformance Group, a leader in benchmarking corporate intellectual property law and management operations, announces a study on Inventor Rewards and Recognitions Program Best Practices. ipPerformance Group is conducting this study to better understand new trends and best practices in inventor reward and recognition programs. It will cover a range of topics, including financial and non-financial awards, program management and communications, award effectiveness, key objectives and performance metrics.

Information for the study will be gathered via an online survey, which is open to corporate organizations. The final report will examine the following areas: which program elements have the greatest impact in increasing innovation ideas and patents; methods of managing and rewarding inventors in locations with inventor remuneration laws; and the drivers, impediments, benefits and trends in inventor rewards and recognition programs. The survey will be open until July 15, 2014 and takes about 25 minutes to complete.

"Our 2011 ipPerformance Inventor Reward and Recognition Best Practices study revealed that companies awarded personnel for numerous patenting milestones, though most companies also indicated that the impact of the programs was not being actively tracked," says Robert Williamson, president of ipPerformance Group. "We know from previous ipPerformance Group benchmark studies, and from our own extensive experience with implementing effective inventor reward programs, that global inventor reward programs are evolving. The major reasons for incentivizing inventors are to maintain inventor interest, increase volume of invention disclosures, and gain better cooperation and responsiveness to patent questions. The aim of this study is to gain insights on which rewards are working well for businesses, where there is room for improvement, methods for handling inventor remunerations in countries that have inventor remuneration laws and what practices are the most effective in improving the impact of incentive programs."

The study investigates the types of recognition and actual financial amounts being used for invention disclosure, initial patent filings, patent grants, design patents, trade secrets, publications, provisional patent applications and licensed-in technology.

To participate in the study, go to http://www.ipperform.com/benchmark-active.php. The study closes July 15, 2014.

About ipPerformance Group, Inc.

ipPerformance Group, Inc. (www.ipperform.com) provides fact-driven intellectual property advisory services and intellectual property operations best practices research. The company's research group conducts extensive benchmark studies focused on intellectual property operations and performance metrics. This research has enabled corporate leaders throughout the world to measure performance and identify improvement opportunities. ipPerformance is based in the Chicago suburb of Naperville, IL. The company's main phone number is 630-216-9673, and its website address is www.ipperform.com.



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