Workplace Non-Monetary Rewards: Introduce, Discuss and Analyze

oin small businesses for non-monetary rewards such as the sense of organizational loyalty and commitment they find and that the work itself may be viewed as a means of self-expression and self-development" (Stewart & Beaver, 2004, p. 90). Thus, small businesses can capitalize on these inherent benefits and seek employees who are motivated by loyalty, value, and the ability to be part of a coherent team. Thus, many small businesses may not be able to compete with larger organizations in terms of big salaries, but they can compete by offering a better workplace with more non-monetary rewards for personnel.
             Another long-term benefit of non-monetary reward programs is improved employee retention. Author Ryan continues, "Another important goal is increased employee retention. An ASTD report on retention research identified consistent employee recognition as a key factor in retaining top-performing workers" (Ryan, 2004). This is because the employees are more satisfied with their jobs and their recognition, which means they will not look for employmen
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Workplace Non-Monetary Rewards: Introduce, Discuss and Analyze. (2009, May 18). In MegaEssays.com. Retrieved 09:45, September 26, 2026, from https://www.megaessays.com/viewpaper/202322.html