Non-Monetary Rewards in the Workplace

As we enter into the 21st Century, we see many changes in different facets of

our life. One of the many changes is the ever evolving area of the workplace.

Employers are encouraged to change the way a business is run to fit the changing

needs of the employee. As the employee needs change, so does the compensation and

reward system used to increase employee retention and productivity. This different

type of compensation is seen in many ways. Therefore, it is important to explore the

different types of compensation to define them, reveal how they are executed, and

how effective they are as opposed to traditional monetary rewards.

Traditional rewards such as money or cash bonuses need little explanation. This type of reward and compensation system is still the most commonly used in the work force today. As a result, employees have come to expect this type of compensation. Therefore, it is usually the starting......

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Title: Non-Monetary Rewards In The Workplace
Approximate Word Count: 1381
Approximate Pages: 6 (250 words per double-spaced page)

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