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

Companies can measure the effectiveness of their employee motivation strategy by conducting surveys or feedback sessions to gauge employee satisfaction and engagement levels. They can also track key performance indicators such as productivity, retention rates, and overall job performance before and after implementing the strategy. Additionally, companies can compare the costs and benefits of both non-monetary incentives and traditional monetary rewards to determine the impact on employee motivation and overall business success. Regularly reviewing and adjusting the strategy based on feedback and data will help companies ensure its effectiveness in motivating employees.