Managing employees is tricky. While our workers tell us money is the way to maximize productivity, results tell a different story. What do we believe?
Recent experiments run by Dan Ariely, author of the book Payoff, showed that money is a poor motivator for getting the best work out of people. In fact, large bonuses for key executives produced deteriorating efficiency.
Based on these findings, if not money, what incentives produce the output employees?
Here are 3 rewards other than cash that we can give to our workforce to boost productivity. All these privileges have been shown to produce more engagement in companies than dollar-based incentives. Start using these motivation boosters in your business today, and watch your company culture and happiness increase substantially.