Non-cash modes for employee motivation and retention

Experimenting with alternate non-cash modes of employee recognition for motivation and talent retention

At work over these years, I have tried to think beyond financial and productivity metrics when considering compensation changes and employee recognition. While these metrics have been important in maintaining a successful operation, I am very aware of the fact that high-quality, strongly motivated people make or break corporate success. I believe an amicable balance can be achieved through subtle rewards - monetary, such as pay rises, bonuses and one-time cash awards, or otherwise.

Non-monetary rewards can be as impactful if not more if implemented sincerely. Organization leaders have the option of rewarding people through congratulatory notes, mentions at public forums and letting employees sincerely know that their presence and contributions make a difference. I have had no regrets whatsoever in implementing these methods and their impact in creating and maintaining a first-class work force has been very fulfilling for me.