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Through these incentives, build employee internal needs such as, recognition, fulfillment and self-esteem. However, recognition is mainly the most sought out non-monetary reward in today's workplace. In recent studies have showed that 78% of employees indicated that it was very or extremely important to be recognized by their managers when they do good work (Nelson, 2004). Others felt that they rarely and infrequent receive recognition of their performances and efforts. An ASTD report on retention research identified consistent employee recognition as a key factor in retaining top-performing workers (Jimenez 1999)...
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Common topics in this essay:
- Are Non-Monetary Rewards in the Workplace Beneficial
- Market types and monetary policy
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