How Can Organizations Boost Employee Motivation with Non-Monetary Rewards?

Hi Shyam S Mantha,

I am working on an assignment and would appreciate your help. As part of an employee motivation and retention strategy, what could be some of the non-monetary rewards that an organization can consider for their employees?

Regards,
Shyam S Mantha

Hi Shyam,

I feel that for employee motivation and recognition, we can have Certificates of Recognition like Best Employee, Best Performer, etc., along with mementos for the employees. These non-monetary rewards serve as a significant motivating factor for employees and stay with them for a lifetime.

Thanks,
Preeti

Dear Shyam,

You can have programs like Shabash or Puraskar to facilitate the employee who has done a good job. It will keep the employee morale and his prestige high, and I am sure everyone likes to be praised. It really works wonders.

Regards,
Anjali

Thank you, Anjali. You are right. People like to be appreciated for their good work. Recognition among the team and superiors makes a lot of difference.

Thanks again,
Shyam

Hi Shyam,

I like the idea of giving awards, but you can also use designations as a way to keep them happy. Create interesting and important-sounding designations and add more levels so that people feel important and rewarded.

Regards,
Akhiil