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Leadership

Money isn’t everything: Nonfinancial rewards that retain the best workers Logo aicpa

  Cheryl Meyer |   Free |   AICPA |   20 Jun 2016 |   CPA Insider

Today’s professionals desire—and require—much more than money to stay satisfied, engaged, and loyal. This article shares tips for implementing nonfinancial rewards and perks at your workplace.

Topics covered:
  • Management accounting: Leadership: Motivating & inspiring, Intermediate
  • Employee benefit plan auditing: Leadership: Motivating & inspiring, Intermediate
  • Governmental auditing: Leadership: Motivating & inspiring, Intermediate
  • Financial accounting & reporting: Leadership: Motivating & inspiring, Intermediate
  • Assurance: Leadership: Motivating & inspiring, Intermediate
  • Not-for-profit: Leadership: Motivating & inspiring, Intermediate
  • IT management & assurance: Leadership: Motivating & inspiring, Intermediate
  • Firm practice management: Leadership: Motivating & inspiring, Intermediate
  • Tax: Leadership: Motivating & inspiring, Intermediate
  • Forensic & valuation services: Leadership: Motivating & inspiring, Intermediate
  • Fair value measurement: Leadership: Motivating & inspiring, Intermediate
  • Personal financial planning: Leadership: Motivating & inspiring, Intermediate

1 Comments/Reflections

M W

M W Jun 2016

  • What can you do now that you couldn’t do before?
  1. I have realized that you don't always need financial incentives to motivate employees.
  2. I also realized that every individual should be motivated on something that he or she is interested in and not everyone will be motivated with the same incentives.
  3. Listen and be interested in you employees interest to be able to motivate them and keep them in the long run.
  • Did you meet your objectives? 
  1. Yes, I want to be a better manager and motivate my staff on a high level without salary increases due to the tight economic times.
  • What will the wider impact be for your team, your organization and your own career?
  1. The impact on my team will be a more dynamic,motivated individuals that stay with the company for a longer period.Impact on my organization is all the effort and training going into replacing staff will be redirect into something more productive.Impact on my own career will be that I gain more skills to be a leader and with respect from my staff will help me in my role as financial manager.

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