In this episode of the Vantage Influencers Podcast, we’ll dive into the non-monetary motivators of keeping employees engaged and committed to their roles. From recognizing achievements in meaningful ways to creating opportunities for growth and leadership, we'll uncover the powerful elements that can inspire greater loyalty and passion among teams.
Host Riha is joined by Vineet Kumar, who brings his expertise to discuss the true potential of non-monetary motivators. He highlights how companies can set themselves apart by looking beyond paychecks and focusing on employees' preferences to keep them engaged.
About the Speaker
Vineet Kumar is a distinguished HR leader with 14 years of experience in HR operations, primarily across the MENA region. He holds an MBA in Human Resources and several global certifications including GPHR®, Lean Six Sigma Black Belt™, and CHRM®, and is pursuing CIPD Level 7. His expertise spans across talent acquisition, compensation & benefits, employee relations, people analytics, performance management, recognition and rewards, and learning & development. Vineet has managed all HR functions, leading teams and HR Business Partners to achieve notable improvements such as a 20% reduction in onboarding times, a 25% increase in employee engagement scores, a 17% decrease in recruitment costs, and a 12% reduction in global turnover rates. Beyond his operational roles, Vineet is also an accomplished public speaker, frequently engaging with audiences at colleges and HR events, where he shares his insights and inspires future HR professionals.
Timestamps
(4:17) Creative Ways Companies Can Show Genuine Appreciation Beyond Monetary Rewards.
(9:09) A standout example where a company successfully boosted employee engagement without focusing on financial rewards.
(11:31) How do growth opportunities serve as a significant motivator, keeping employees engaged and committed, beyond the financial factor?
(13:24) How can companies adjust their policies to better support work-life balance without compromising productivity?
(16:03) Debunking the myth that “money is the ultimate motivator.”
(18:47) What are some common signs that a company might overlook employee burnout, and how can this be addressed proactively?
(20:42) Avoiding Common Pitfalls: Practical Tips for Enhancing Employee Engagement
