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Companies often default to financial strategies to drive desired employee behaviors, whether those behaviors are increased engagement, ownership and initiative, or simply better employee retention. For instance, a manager might promise a promotion and accompanying raise to an employee who succeeds in completing a challenging project. Or an organization might motivate staff through a quarterly or annual bonus program.
Finding Non-Financial Ways to Motivate
But these financial incentives have an obvious drawback: they cost money. Companies don’t have unlimited resources and relying too heavily on financial incentives can prove to be unsustainable in the long run. Fortunately, there