With these simple non-monetary rewards programs, you will help promote loyal and happy workers in your company. This way, you’re more likely to keep motivated workers whose new year’s resolutions will not include a line in their list that says, “find new job”.
Is your company so desirable that the workforce population would all want to work for you? Look at the 5 qualities of the companies who made it to this year’s Fortune 100 Best Companies to Work For that you can also apply.
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.