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What is the most popular or most effective form of employee incentive (beyond a pay raise!)?

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What is the most popular or most effective form of employee incentive (beyond a pay raise!)?

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The most effective one is the one tailored to the specific motivators of the individual and specific to a real and tangible success. Unfortunately this isn’t the most popular. This takes time: time to plan, time to manage, time to learn, time to reflect, etc.

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