Employees are certainly not one-size-fits-all when it comes to recognition and compensation. However, the idea that money is not the ultimate motivator for most employees simply isn't true.
The Society for Human Resource Management's Dana Wilkie set out to test this theory. Wilkie gathered the results of several surveys that asked respondents to indicate their preferences among several choices: a market rate raise with no title promotion, a new job title without a raise, a nice cash bonus, noncash recognition of a job well done.
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