Do Not Show Me the Money: the Growing Popularity of Non Monetary Incentives in the Workplace

Running head: DO NOT SHOW ME THE MONEY: THE GROWING POPULARITY OF

Do Not Show Me the Money: The Growing Popularity of Non Monetary Incentives in the Workplace

Latonya Page

University of Phoenix

RES/ 110

Week Four

Rose van Es, Instructor

March 29, 2008

Do Not Show Me the Money: The Growing Popularity of Non Monetary Incentives in the Workplace

With the growing decline of economy, more employers are using non-monetary incentives to motivate employees, yielding positive results. While everyone needs money for the expenses of everyday life, most current and long-standing employees rarely view cash as good motivation. If an employer pays fairly, employees desire appreciation and other non monetary rewards in exchange for a job well done. This trend is becoming more popular as businesses explore ways to motivate employees without breaking the budget. The benefits are far greater for business to offer what employees desire: opportunity to grow, flexible hours, recognition, opportunity to contribute, and autonomy, than to compensate