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3 Non-Monetary Incentives for Employees

Hppy

You can reward them with cash bonuses and other monetary compensation types. Non-monetary incentives are innovative ways to reward your employees outside the standard benefits and financial compensation. Just like monetary incentives, these incentives show that you care about employee growth and well-being.

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Why Compensation Doesn’t Drive Motivation

Reflektive

But will the incentive of a higher salary or compensation bonus improve their work performance? Financial incentives can undermine autonomy and intrinsic motivation Click To Tweet. It includes a number of variables, such as company culture , career development, as well as meaningful and challenging work.

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How to Retain and Engage your Long-Standing Valued Employees

Empuls

As essential assets for any organization, long-standing valued employees offer the following benefits: They provide a solid knowledge base of the organization’s culture, products, and services. Additional benefits such as retention bonuses are extra incentives to keep them happy and performing well.