11 Top Non-Monetary Incentives to Reward Your Employees

Cash isn’t the only way to reward employees. Non-monetary incentives help you keep your people enthusiastic, motivated, and engaged. Let’s dive into the benefits of non-monetary incentives in more detail and explore the top non-monetary rewards your organization can offer. ContentsWhat are non-monetary incentives?What are the benefits of non-monetary incentives?Best non-monetary incentives for employeesWrapping up  What are non-monetary incentives? Non-monetary incentives are, as the term suggests, non-cash benefits that employers offer to their employees. They are a way of rewarding people outside of the regular, monetary compensation and benefits package.    Examples of non-monetary compensation include work flexibility, experiential rewards, and additional time off, but more on that later. What are the benefits of non-monetary incentives? Let’s take a look at some of the benefits of non-monetary rewards before we dive into our list of examples. You can reward people (almost) immediately. Unlike a cash bonus or pay rise where you have to wait until the next payday, most non-monetary benefits can be given straight away. This means that people get recognition exactly when they should, pretty much in real-time.     They are memorable. Being recognized in the workplace with, for instance, a reward, a lunch or a short trip leaves a lasting,