In today’s shifting marketplace, it can be tough to hire and retain the best talent out there. Many employers spend hundreds (or thousands) of dollars on hiring the best candidate, and even more to keep them with their company. However, they overlook the fact that money is not everything. Employees want much more than just money form the organizations. While financial motivation can attract talent to an organization, the key to retaining them is to improve employee engagement.
Recognition is something everyone wants, sometimes even more than financial benefits. Non-monetary compensation is the best way to attract employees, improve employee engagement, and keep them satisfied for longer. Companies that prioritize their employees genuinely incorporate innovative compensation strategies to get better revenue results.
The benefits that non-monetary compensation can…
