Time and time again we focus on our salaries when thinking of how much we are valued by our employers, but the thought that money alone is the only incentive companies can use to keep employees is ridiculous. While everyone enjoys a good old-fashioned raise, many times employers can use other means to reward employees and improve job satisfaction. In tight times when even Uncle Sam is counting on an absence of raises, these methods are especially prudent. My Two Dollars provides employees and employers with some excellent ways to compensate employees without opening the checkbook too wide.
If there is anything I have learned in my 25 years on this planet, it is that everyone has different motivators, and the quicker you figure out what the appropriate carrot at the end of the stick is, the better your business or your career will go!
Providing employees with the opportunity to use flextime to better mesh their personal life with work is a great way to increase overall employee job satisfaction.
Other suggestions, such as sincerely thanking employees and paying for health insurance for the entire family, can be excellent ways of compensating good employees. Working in a non profit has made me well aware of how these non-dollar-focused benefits can make a difference in job satisfaction. I thoroughly enjoy the good amount of vacation and the tuition reimbursement that I have received over the past few years.