In the simplest of terms, employees can be trained to respond to a system of rewards. For example, bonuses, cash prizes, and extra vacation days can all be used to get employees to grind out a few extra hours each week. But as soon as the prize has been delivered people will stop performing.
On the other hand, with a non-monetary employee recognition program in place – one where employees can define a personal legacy and leave their imprint on the organization – it can have a vastly different impact on employee behavior. When employees have the chance to tell the story of their ‘sum total of works’ as an employee, that facilitates growth and development.
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Source: Steven Green
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