In today’s challenging economic environment, where many businesses struggle to provide regular pay increases, it's becoming essential to explore alternative ways to reward and recognise employees. As financial constraints continue to affect organisations, offering creative compensation strategies beyond traditional pay raises can help boost employee satisfaction and retention.

According to ADP's "People at Work 2024: A Global Workforce View" report, 77% of workers globally expect a pay rise within the next 12 months. However, for many businesses, meeting these expectations may not always be feasible. The good news is that there are various non-monetary alternatives that employees value and that can have a positive impact on workforce morale. READ MORE