The increasing reliance on financial incentives like sign-on bonuses can create a transactional culture, leading to dissatisfaction and a lack of intrinsic motivation among employees.
Using incentives, such as sign-on bonuses, may escalate costs and create distrust among current employees, who may feel undervalued compared to newly hired staff.
Employers attempting to motivate employees through financial incentives often overlook intrinsic motivators, which are essential to job satisfaction and employee retention.
A focus on extrinsic rewards can diminish the intrinsic satisfaction employees find in their work, ultimately harming organizational culture and performance.
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