What’s the best way to motivate employees?
Hard to believe, but a recent experiment by German and Swiss researchers quoted in the Harvard Business Review suggests that thoughtful, non-monetary incentives have a greater impact on productivity than cold, hard cash.
The upshot? It really is the thought that counts — while employees appreciate money, they appreciate the effort employers put into selecting gifts more because it shows them their bosses care.
So next time you’re thinking of spot bonuses, consider giving a thoughtful gift instead.
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