How can companies measure the effectiveness of their employee motivation strategy that incorporates both non-monetary incentives and traditional monetary rewards, and make adjustments as needed to ensure maximum impact on employee performance and satisfaction?

Companies can measure the effectiveness of their employee motivation strategy by conducting surveys or feedback sessions to gather employee perspectives on the incentives. They can also track key performance indicators such as productivity, employee retention rates, and overall job satisfaction. By analyzing the data collected, companies can identify areas for improvement and make adjustments to the strategy accordingly. Regularly reviewing and updating the employee motivation strategy will help ensure maximum impact on employee performance and satisfaction.