When a business is performing well and consistently meeting its goals, leaders often look for meaningful ways to recognize employees’ contributions. Traditional financial rewards like bonuses and stock options are common, but they aren’t the only ways companies can share success or build long-term loyalty.

As workforce expectations continue to evolve, many employees are motivated not only by financial bonuses but also by options that support their professional goals, desired lifestyles and overall well-being. Below, members of Forbes Business Council discuss unique and meaningful ways companies can share the rewards of success with employees beyond traditional bonuses and stock options.

6. 404(k) Profit Sharing

“We share the company’s success through 404(k) profit sharing. With each payout, we communicate how the company did. Like business, profits go up and down, and the share is relational.”

– Dennis DuFour, TDEC

Read Full Article on Forbes →