Improving Employee Morale Through Non-Financial Strategies
Learn how to boost employee morale without financial incentives. Explore intrinsic and external events, profile-raising initiatives, and the BOCR model's benefits and costs. Discover strategies to enhance employee engagement and company performance.
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Presentation Transcript
Improving Employee Morale Through Non- Financial Means Ashley Rudy Greg Spelar April 23, 2013
Introduction Companies are under growing pressure to improve employee morale while constrained on using resources for non-business purposes. Higher levels of employee morale are tied to higher company performance We examine three possible means of improving morale o Intrinsic Events o External Events o Profile-Raising Events
BOCR Model Benefits o Operational Product Development, Employee Retention, Profitability o Social Employee Value, Reputation Opportunities o Operational Talent Pool, Process Improvement o Social Communication, New Markets, Competitiveness, Knowledge Sharing
BOCR Model Costs o Operational Output, Time, & Financial Cost o Social Industry Reputation & Shareholder Support Risks o Economic Legal Issues & Market Expansion o Social Employee Value, Talent Pool, & Reputation
Benefits & Opportunities Results
Costs & Risks Results
Possible Improvements & Further Research Look further into Intrinsic Events o Break down into specific examples o Reward versus Recognition Examine specific companies or industries o Conduct employee engagement surveys to gather feedback on interests of specific rewards or recognitions
