Why cash kills motivation

Cash is very ineffective as an incentive reward, not only for it's motivational benefit, but for it's cost efficiency too. The bottom line - it costs more to reward with cash than non-cash incentives.

"It takes $7 in cash for every $1 spent on non-cash incentives to get results" reckons Darryl Bach, distributor relations manager for Quality Incentive Company

As set-out in this article at Manage Smarter, here are ten reasons why cash isn't always king:

1. Cash Becomes Compensation
2. Tough to Take Away
3. Buyer's Remorse
4. No Trophy Value
5. Not Promotable
6. Cash Satisfies Needs--Not Wants
7. Nothing Personal
8. One Size Doesn't Fit All
9. Managers Prefer Noncash
0. No Global Parity

When it comes to incentives, it's not all about the Benjamins.