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Job security and benefits Non-monetary incentives such as job security and comprehensivebenefits packages are key motivators. Knowing that their job is stable or that they have access to health insurance, paid time off, or retirement plans can encourage employees to perform better.
Some non-monetary rewards include opportunities to learn and grow, extra time off, profit-sharingplans , wellness memberships, etc. It's a guaranteed strategy that boosts profits, employee retention, and employee satisfaction. Also Read: Top 9 Non-monetary Incentives To Motivate And Retain Your Employees.
Many companies face challenges in offering competitive and comprehensivebenefits that align with employee needs and market standards. Retirement Plans Providing retirement savings options helps employees plan for their future and shows that your company values long-term financial security.
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