Nonmonetary rewards are clearly important for organizations to attend to
. For instance, job security has become important in the mid-1990s era of substantial and continuous layoffs by large employers
Recognizing this, some employers offer job security in exchange for no increase in monetary rewards?
Readjustments in nonmonetary rewards such as status symbols, praise, and recognition often accompany efforts to change a corporate culture.
Furthermore, opportunities for career growth and development may help a firm attract and retain valuable talent. Nevertheless, Chapters 12 to 14 focus on the role of monetary compensation in managing human resources.