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Some strategies to make employees feel valued beyond monetary rewards include offering flexible work schedules, providing opportunities for professional development, recognizing their achievements publicly, and creating a positive work environment. It's also important to tailor rewards to individual needs and preferences, as a one-size-fits-all approach may not be effective. Companies that can deliver such personalized rewards are likely to be more successful in attracting and retaining top talent.
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"Today's workforce, with its diverse needs and preferences, requires a flexible system that offers a variety of rewards and ways to tailor them to individuals," Deloitte analysts say. Employees today want a custom rewards experience that reflects how they live, work, and communicate – not a one-size-fits-all approach rooted in the past." The analysts continue: "Companies that can deliver such personalized rewards likely will be more effective in their efforts to attract and retain top talent and will be better positioned to gain a competitive edge."
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How can you make your team feel valued and stay motivated? Wrap up the year on a high note and recognize and reward the high achievers on your team. U...
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