How can companies measure the effectiveness of their employee motivation strategies that incorporate both non-monetary incentives and traditional monetary rewards?

Companies can measure the effectiveness of their employee motivation strategies by conducting surveys or feedback sessions to gauge employee satisfaction and engagement levels. They can also track key performance indicators, such as productivity, turnover rates, and employee attendance. Additionally, companies can analyze the impact of their non-monetary incentives and traditional monetary rewards on employee motivation and overall business performance through data analysis and comparisons over time. Regularly reviewing and adjusting these strategies based on feedback and results will help companies ensure they are effectively motivating their employees.