5 Reasons why Incentivising and rewarding employees beyond traditional remuneration is Important.
Motivation - Monetary compensation is important, but it is not the only motivating factor for employees. Offering incentives and rewards can motivate employees to perform at their best and contribute to the success of the organisation.
Retention - Providing incentives and rewards can help to retain employees. Employees who feel appreciated and valued are more likely to stay with the organisation for a longer period of time.
Engagement - Incentives and rewards can help to increase employee engagement. Employees who are engaged are more likely to be productive and innovative, which can lead to better outcomes for the organisation.
Recognition - Offering incentives and rewards can be a way to recognize employees for their hard work and contributions. This can help to build a positive and supportive work culture.
Differentiation - Incentives and rewards can help to differentiate an organisation from its competitors. Offering unique incentives and rewards can attract top talent and help to retain employees in a competitive job market.