Non-monetary Incentives That Will Help Retain Employees
Vantage Circle
SEPTEMBER 26, 2020
A lunch with a manager, a trip to a hill station, or an extra day off is much more impactful than an extra amount of money, which they won’t even remember what they spent it on. Besides, several cognitive psychology principles suggest that people perceive non-monetary incentives to be more valuable than the retail value of that award in cash.
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