In today’s economy, the bottom line has become more important than ever before—especially within publically traded and international organizations. That’s why companies around the world are ever vigilant for ways to increase their profit margins, without adding additional expenditures. And one extremely viable method of achieving this much-desired result doesn’t actually cost much at all. In fact, all it takes is a dedication to change and a desire to grow. What exactly is this magical tool? It’s called employee engagement and it’s the focus of nearly every successful business in the world today.
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All employees appreciate getting rewarded for a job well done, especially if the reward includes some type of financial compensation. However, during difficult financial times, it may not be feasible for companies to offer bonuses or pay increases. Fortunately, there are numerous ways to show your employees how much you appreciate their efforts that do not involve cash.