NONMONETARY REWARDS
Most people believe rewards come only in monetary forms. In reality, you can reward people for doing something without offering money, even if you have no formal authority. You can give nonmonetary rewards that cost you only time and a little effort.
The idea of nonmonetary rewards is not new but is often overlooked in the business world. Frederick Herzberg and Abraham Maslow, both management specialists, have developed useful theories on the topic. Perhaps the greatest practitioner of the nonmonetary reward is the military; it continually offers people nonmonetary rewards.
Several nonmonetary rewards exist, such as praising people to their boss, writing a letter of appreciation and sending it to their management, and sending ...
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