employee rewards and recognition
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Imagine two scenarios – one, you get an Rs.1000 cash award credited to your salary (after tax);  two, you get a Rs 1000 worth of goodies as an award. Which one are you likely to remember more?

The goodies obviously! One big reason why non-cash awards seem to work better – cash awards seem to disappear somewhere in your payslip, which most of us rarely bother to check unless there is a major upside or downside.

Add to this the fact that taxes will take a big bite out of your cash award, whereas non-cash awards have a built-in tax shelter (within Rs.5000 limit per year).

-by HiFives

Why cash is not the king when it comes to rewards!

HiFives Team

HiFives is a global software-as-a-service platform for employee rewards and recognition. The HiFives team partners with its clients to understand, design and deliver employee rewards and recognition program through the HiFives platform incorporating industry best practices and thought leadership.

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