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Rewarding Employees When You Are Out Of Cash

It's getting close to the fourth quarter of 2008, and you are probably thinking about how you are going to reward employees for their valuable contributions. You might even be putting together plans for next year. But this year, your organization is strapped for cash. The down economy hit you hard, and you know that money is not available. You're worried about your top talent, and you want to do something that shows you appreciate your top performers.

In the report Cash May Not Be King, you can find some unexpected good news to help with your dilemma. The report shares one of this year's leadership pulse reports, authored by Research Professor Theresa M. Welbourne with our CEO team. In the report you will learn that:

  • Leaders value having their ideas implemented more than cash, benefits, praise, training and even promotion.
  • You may want to think again about 'gifts' and 'formal praise' (like employee of the month). At least for managers and senior professionals, these forms of reward are not given much weight.

To learn more, read the report Cash May Not Be King

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