If cash is king, rewards are queen

Why money can’t equal rewards when it comes to recognition
By Razor Suleman
|Canadian HR Reporter|Last Updated: 02/15/2008

If cash is king, rewards are queen — and everyone knows who rules the castle. Companies looking to drive long-term performance through incentives will find a much higher return on investment using rewards than with cash.

This is not to discount the importance of compensating employees fairly. Compensation is a very important component in recruiting and retaining staff. But compensation is only the ante into the game. To get the most from employees in terms of engagement and performance, rewards typically bring the results employers want.

Addressing hierarchy of needs