You need not wait for the holidays to show your employees that you appreciate them for the work they do. You can begin engaging your employees and motivate them even more with an effective reward system, especially in the areas of compensation, benefits, recognition and appreciation.
Money is supposed to be the ultimate motivator. It’s straightforward, convenient, and gives the recipient the freedom to choose how, when and where to spend their hard-earned bonus. On the surface, money is the more straightforward and simpler incentive, however there’s a growing pool of research studies that actually point to the contrary. Let’s examine the statistics.