Incentives Beyond Compensation: Monetary vs Non-Monetary

Phil Holberton

Phil Holberton

Dedicated to helping you achieve your maximum potential

Reading Time: < 1 minutes

If you’re a small to mid-size company you’ve no doubt lost at least one employee to a larger company who offered compensation that you could not match.   As frustrating as this is, you do have some options to retain people that don’t require significant out of pocket cost.  This short article from Forbes offers “10 Tips for an Incentive Program That Goes Beyond Compensation.”

As a leader, if we only asked our employees what motivates them, we would quickly learn it is NOT all about money.  Think Maslow’s Hierarchy of Needs.  After we put food on the table and shelter over our heads, we seek to belong.  If management would only think of ways to help me feel like I belong, rather than just treating me as a cog in their wheel.

Pat me on the back, tell me I am doing a good job, treat me with respect.  If you do these for me, I will jump over the moon for you – I will follow you anywhere.  Oh, what an exaggeration, not anywhere, yet you get the point.  My glass will be half full and not half empty.


Now ask yourself, ….. am I a Leader?

Contact us Today
CATEGORIES: CEO, Inspiration, Leadership


Set the Tone for a Successful Career

Don't let your title dictate your strategy. Rather, use these 7 steps for a smooth transition and to succeed in the most important period of your employment: your first 90 days.

As a new manager or leader, you have your work cut out for you but it's important to slow down and be strategic. Many careers get sidetracked during the first 90 to 180 days because the entry was too fast. Follow the advice in this free white paper to set the tone during your onboarding and to set yourself up for success.

Thank you for your interest! Check your inbox to confirm your subscription and receive your free white paper.