How can companies measure the effectiveness of their combined monetary and non-monetary incentives in improving employee satisfaction and productivity in the workplace?

Companies can measure the effectiveness of their incentives by conducting surveys to gather feedback from employees on their satisfaction levels and productivity. They can also track key performance indicators such as employee turnover rates, absenteeism, and productivity levels before and after implementing the incentives. Additionally, companies can compare their employee satisfaction and productivity levels to industry benchmarks to see how they stack up. It is important for companies to regularly review and adjust their incentives based on the feedback and data collected to ensure they are having the desired impact on employee satisfaction and productivity.