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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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My Employees Are All Millennials - Here’s How I Manage and Retain Them

Linkedin Talent Blog

Confronting early and often saves team members time and energy when you tell them they’re heading in the wrong direction on a project. In addition to cash bonuses, we’ll get a symbolic gift we know they’d like. employee incentive marketplace is estimated at $38 billion. Build reports on webinars they’ve attended.

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Top 10 HR Best Practices to build Better Workplaces in 2020

CuteHR

These areas include employment and selection, training for better skills and development, transparency, benefits for employees, employee incentives, compensation and evaluations, and terminations. Creating the environment alike home which eventually makes an employee dedicated as well to stay with the organization for a very long time.