Which of the following methods is known for being cheap to implement?

Non-financial rewards are recognized as cost-effective methods for motivating employees and enhancing job satisfaction. This approach encompasses various strategies such as recognition programs, flexible work hours, training opportunities, or verbal praise, which typically do not require substantial monetary investment compared to financial incentives or premium salaries.

For example, providing employees with recognition through awards or public acknowledgment can boost morale without incurring significant costs. Additionally, creating a supportive work environment through non-financial means can foster loyalty and engagement, often leading to improved productivity without the need for large expenditures.

The other methods, such as financial incentives and premium salaries, involve direct monetary compensation, which can become costly for the organization. Corporate retreats, while effective in terms of team-building and culture, often require substantial investment in planning and execution, making them less budget-friendly than non-financial rewards. Thus, the appeal of non-financial rewards lies in their ability to motivate staff while keeping expenses low.