How can organizations balance the use of non-monetary incentives with monetary rewards to create a comprehensive and effective employee recognition program that drives motivation and productivity?

Organizations can balance the use of non-monetary incentives, such as flexible work hours, recognition ceremonies, and professional development opportunities, with monetary rewards, such as bonuses and salary increases. By combining both types of incentives, organizations can cater to a variety of employee preferences and motivations. This comprehensive approach can help create a positive work culture that values employee contributions and fosters a sense of appreciation. Ultimately, a well-rounded employee recognition program can drive motivation, engagement, and productivity within the organization.