tag:blogger.com,1999:blog-24929435.post3797659119536464656..comments2024-01-16T05:28:06.158-05:00Comments on Employee Engagement, Recognition and Reward Commentary | Globoforce Blog: Why Cash as a Reward Won’t Change Your CultureDerek Irvinehttp://www.blogger.com/profile/02565283467086029030noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-24929435.post-43899235319246610232011-01-31T16:31:19.471-05:002011-01-31T16:31:19.471-05:00Exactly, Drew, and a very good point. That's t...Exactly, Drew, and a very good point. That's the "slipperiness" of cash rewards. Slips right into bank account and right out again. Several surveys have found precisely this: people will fantasize for a moment about what to reward themselves with, but will then say, "But I *SHOULD* make an extra car payment, pay down my electric bill, etc."<br /><br />Not much rewarding in that.Derek Irvinehttps://www.blogger.com/profile/02565283467086029030noreply@blogger.comtag:blogger.com,1999:blog-24929435.post-39387070614908214692011-01-31T16:27:30.323-05:002011-01-31T16:27:30.323-05:00Part of the problem with cash's compensation p...Part of the problem with cash's compensation perspective is that its reward effect is diminished. Employees feel that they need to use that cash for extra bills or stuff around the house etc, instead of treating themselves. The noncash rewards give the employee a real treat for themselves. Much more effective in terms of (the moderately overused term) trophy value.Drew Hawkinshttp://www.hindablog.comnoreply@blogger.com