How has the role of incentives changed in today’s workplace?
A total compensation package encourages high levels of individual performance as well as commitment to your company’s overall success. In addition to highly competitive compensation, benefits that begin on the first day of employment, and other perks like tuition reimbursement, a retirement savings 401(k) plan, business casual dress code and state-of-the-art fitness and recreation programs now are huge motivating factors for employees. Today’s incentives even include a host of on-site conveniences including cafeterias, post offices, child development centers, company stores, free covered parking, and wellness programs like free annual health risk assessments and clinics, flu shots, preventive care benefits and many more. Is non-salary compensation a motivator for every employee? For many employees, it is. However, the extent to which each component of a company’s total rewards package motivates employees is unique to each employee. A graduate fresh out of college will certainly be moti
