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3 Non-Monetary Incentives for Employees

Hppy

Employee appreciation is a great way to keep your staff motivated and elevate your employer branding. 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.

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10 Must-Know Employee Engagement Statistics For 2024

Vantage Circle

This statistic highlights the generational shift in priorities, where meaningful work and a sense of fulfillment outweigh financial compensation. It also prompts employers to consider the importance of cultivating engaging and purpose-driven work environments. An appreciative work culture helps in employee retention.

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What are total rewards? Building an amazing total rewards package

Achievers

Total rewards doesn’t just pertain to financial compensation ? it also includes healthcare benefits, time off, recognition programs, and more. Financial compensation. Employee recognition. Recognizing your employees reaffirms that you appreciate and respect their hard work.