In a study conducted in the Fall of 2005, a cross-section of managers in various businesses
who use reward and recognition programs was asked to assess the effectiveness of cash and
non-cash rewards.(1)
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Overall, managers express a preference for non-cash programs. They view them as
more important, more effective, and generally superior for achieving
the specific organizational objectives listed in the
questionnaire. The leading specific non-cash incentives
are, in order, employee recognition, gift certificates,
merchandise incentives, work-life benefits, special
events, and individual travel.
Studies have shown that employee reward and recognition programs that utilize non-cash
incentives can be perceived by employees as more valuable than those offering monetary rewards alone.
To learn more about the benefits of incorporating non-cash rewards into your employee reward
and recognition programs, please read our white paper
“The Benefits of Tangible Non-Monetary Incentives.”
Dittman Incentive Marketing provides many online articles and white papers with information
about implementing successful employee reward and recognition programs, including:
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