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There is no doubt that money can be a motivator for many employees. A large-scale review of 600 studies showed that incentivizing staff resulted in a 22% gain in performance and, when compared to non-monetary tangible incentives (like travel or gifts), money was more impactful.
Employee engagement is not something that is simply “nice to have.” It is a crucial component that can make or break a company.
Employees are a company’s most valuable asset. The way they feel at work has a huge impact on an organization’s results.
Modern theoreticians define engagement as being the degree in which employee values are consistent with the mission, vision and values of the company. Engagement consists of dimensions such as job involvement, employee satisfaction, enthusiasm and the consensus between the company’s organizational culture and employee behavior.
In today’s modern society, progressive companies, which continuously strive for competitive advantages, have implemented recognition programs with the purpose of positively influencing the behavior and performance of their employees.
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