The Manager’s Guide to Unlocking the Power of Non-Monetary Rewards

Access this training video now and learn how to offer reward and recognition in a way that employees can appreciate, and that results in higher productivity, morale and retention.

In this video, you will learn:

  • A common mistake managers make when giving recognition that creates the exact opposite effect from what they intended
  • The one thing you MUST do to make sure your non-monetary rewards bring the results you expect
  • Why the right non-monetary reward has such a huge impact
  • The most difficult thing about giving non-monetary rewards – it’s not what you’d expect.

Why are we giving you all of this for free? Because it’s the best way we know to introduce you to a new approach to leadership and management training.

Request your training video now and we’ll email you a user name and password that gives you instant access to the Leadership & Management Rapid Learning Center. There you’ll find your free training video and a collection of other training resources for managers and supervisors. You’ll have unlimited trial access to this powerful library of e-learning modules, reports and fast-read articles.


More information for those who love the details …

Non-Monetary rewards gone wrong

A department head wanted to reward her employees, so she gave them all a beautiful compass. Her intent was to emphasize that the company was taking a new strategic direction. But she didn’t properly communicate that, so people’s reactions were highly personal. Some wondered, “Do they think I’m lost?” Others just said, “I don’t sail, I don’t hike… what’s this got to do with me?” The gesture completely backfired, making the boss seem out of touch with her people.

Another supervisor sent cans of popcorn to his team to celebrate the end of a big project. But for employees who were dieting, were allergic to popcorn, or just didn’t like it, the gift bombed. Again, this supervisor achieved just the opposite of what he she’d hoped for.

Access your free video of The Manager’s Guide to Unlocking the Power of Non-Monetary Rewards to learn how to avoid these and other employee recognition mishaps.

The secret to effective non-monetary rewards

You’ve probably guessed the big “secret” to effective rewards:

To get the positive impact you want from a non-monetary reward, you need to touch the employee personally.”

One size does NOT fit all. The bottom line: A personalized gift says, “The person who matters most to me at this company, my boss, gets me and cares. I truly belong here.” Makes sense, right? The question is, “How do I do it? What’s the secret to finding a ‘personal’ gift for people I don’t know personally?”

Managers who really know their people – who take them out to lunch, who listen carefully to idle chit chat in meetings, who make conversation at the water cooler – learn what activities and hobbies they engage in. By listening carefully, they gather the information they need to tailor meaningful non-monetary rewards. And their antennae are always up so they can detect opportunities to provide rewards when the impact will be greatest.

So what’s the hard part?

Using non-monetary rewards effectively is difficult, but not for the reason you might think.
If you see the value of non-monetary rewards, if you listen carefully to your people, and if you have the presence of mind to spot opportunities, making employees feel valued with non-monetary rewards is simple. The hard part is maintaining your commitment to giving non-monetary rewards, and not allowing them to fall to the bottom of your priority list.

Here’s an important insight: From the employee’s perspective, the impact of a great non-monetary reward IS the personalization. Maybe 20% of the impact comes from the gift itself. The real impact comes from the fact that you took the time, and that you cared enough, to find a reward uniquely suited to the employee. When you began reading this white paper, where did giving high-impact non-monetary rewards fall on your priority list? Probably pretty low. If we’ve raised it on your list, and if today, tomorrow and the next day you’ll be looking for low-cost ways to score points with the people who matter most to you, we’ve accomplished our goal.

Get all the details on how to ensure non-monetary rewards have a positive impact on your employees by accessing the video The Manager’s Guide to Unlocking the Power of Non-Monetary Rewards as part of your free trial to the Leadership and Management Rapid Learning Center.

Sincerely,

Steve Meyer
Stephen Meyer
CEO, Rapid Learning Institute

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