
Your wallet is empty? And you still need to boost your team's performance? Building employee morale is difficult in these tough economic times. Kevin Aguanno helps you solve your morale problem with ideas for non-monetary rewards that won't break the bank. [Tell Me More]
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Employee recognition program design requires a balance between financial and non-financial rewards to provide incentives to all employees, regardless of their priorities. In addition, you need to consider the differences between team rewards and individual rewards. Some rewards encourage teaming, while others encourage people to look out for their own personal interests. Each type of reward has its place in a balanced programme design.
In addition to this directory page, you can also read our reviews of
articles and books on non-financial rewards and team
rewards.
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| 1. | (Good) |
Benefits of Using Non-Monetary Rewards - This article discusses the following benefits of non-monetary rewards: memory value, trophy value, flexibility, and cash awards cost more. |
| 2. | (Weak) |
The Power of Positive Feedback - Summary notes from a speech given by Bob Nelson. |
| 3. | (Very Good) |
Rewards and Recognition - Well-researched article on how non-monetary rewards fit into an overall strategy to improve employee performance and retention. |
| 4. | (Recommended) |
Reward Systems - Notes from a course in Human Resources Management at Brunel University in the U.K. |
| 5. | (Good) |
Rules of Thumb for Nonmonetary Rewards - Extracted from course notes in Human Resources Management at Brunel University in the U.K. |
| 6. | (Very Good) |
Strategic
Rewards Survey -
Summary of a study that shows that high performers are motivated more
by advancement opportunities, flexible schedules, and the opportunity
to learn new skills than by financial incentives. Interesting
statistics. |
| 7. | (Good) |
Recognition and Rewards: Ask the HR Guy - Brief discussion that warns of the dangers of inappropriate use of non-monetary rewards. "Used incorrectly [they] can depress, not lift, employee morale. If an employee feels that he or she has done a lot of work on a project and deserves monetary compensation, a token gift or verbal recognition may appear to be a slap in the face. Moreover, too informal of a reward structure makes it difficult for employees to guage their own performance and reduces the incentive for them to excel at their work." |
| 8. | (Good) |
They'll Feed Your Cat - Quirky non-monetary rewards offered to busy employees in some companies. |
| 9. | (Good) |
Winning Perks in Silicon Alley - More interesting rewards from IT firms in New York, |
| 10. | (Good) |
Cheap Perks that Work - Ideas for low-cost incentives that improve employee retention. |
| 11. | (Good) |
Is a Flexible Work Schedule Going to Work? - Discusses the challenge of implementing a flexible work schedule in the face of government employment standards legislation. |
| 12. | (Good) |
You Want Flexible Hours? Great Idea! - Discusses how flex hours programs can reduce employee turnover and are inexpensive (or free) to implement. |
| 13. | (Very Good) |
Fighting Flu Season with a Flexible Leave Policy - A low-cost way to improve employee job satisfaction, reduce the spread of illness and widespread flu-related absenteeism. |
| 14. | (Very Good) |
Beyond Compensation - Discusses the strategic use of rewards to continue to motivate your already high performers. |
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