"Recognition that Resonates" is the title of an article from Workforce Management that seems to give creditability to the fact that Cash isn't always needed to motivate employees. In fact, it seems that Non-Cash programs may be more effective.
If your organization is looking for a way to get your employees Engaged, this article illustrates how cash may be nice, but non-cash based recognition may be much more appreciated and effective with your employees. The article also eludes to non-cash programs as being a retention tool. According to a study by the Forum for People Performance Management and Measurement at Northwestern University in Evanston, Illinois, which is sighted in the article, non-cash programs were viewed as being more effective in getting employees to achieve eight out of ten corporate goals according to a study of 235 corporate managers.
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