How can companies measure the effectiveness of their non-monetary rewards and initiatives in creating a positive work environment, and what key indicators should they look out for to ensure long-term sustainability?

Companies can measure the effectiveness of their non-monetary rewards and initiatives in creating a positive work environment by conducting surveys or feedback sessions with employees to gauge their satisfaction levels and engagement. Key indicators to look out for include employee morale, retention rates, productivity levels, and overall job satisfaction. Ensuring long-term sustainability involves regularly evaluating the impact of these rewards and initiatives, making adjustments based on feedback, and continuously communicating the value of these initiatives to employees. Additionally, tracking employee turnover rates and monitoring the company's reputation in the industry can also help measure the long-term effectiveness of these initiatives.