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Debunking Myth #5: Cash is more effective [VIDEO]

Transcript What if your employees had a way of constantly being reminded of how valuable they are to your company? For fun, let's say John earns a cash bonus because of his hard work. He goes out and pays off some credit card debt and then spend the rest on a date with his wife. […]

Transcript

What if your employees had a way of constantly being reminded of how valuable they are to your company? For fun, let's say John earns a cash bonus because of his hard work. He goes out and pays off some credit card debt and then spend the rest on a date with his wife. The next day he's back in the office and ready to get on with his week.

Or how about this: Jenny earns enough incentives points to go on a cruise with one guest of her choosing. So she takes a girl friend with her.  They have a blast and take plenty of pictures. She frames one of these and puts it on her desk at the office, and every morning when she sits down to work her eyes catch that picture and remind her of good times and the hard work that got her there.

Now while many people believe cash is the more effective incentive for employee engagement, we're not afraid to call that out as a big old myth. But you decide: What will make an employee feel more appreciated – a little extra cash that gets spent in a night or a week-long cruise?

We'll see you next time.

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