Using non-monetary incentives to improve performance: A pay cheque is only one incentive of the total workplace rewards package that employees value

摘要

Last month, this column talked about monetary incentive plans and some of the variables to keep in mind when developing an effective incentive pay plan. While compensation is obviously important to employees, it's a fact that pay - both fixed and variable - is only one part of 'total rewards' people consider when assessing a job opportunity. Where does compensation rank relative to other factors? What other things do people consider important? A recent Deloitte paper cites a study that identified the top five job-satisfaction factors according to what employees identify as important. Included are: