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Employee motivation: What money can't buy

Creating a strong culture of continuous learning and feedback will win you both a motivated and agile workforce.

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Creating a strong culture of continuous learning and feedback will win you both a motivated and agile workforce. (Photo: iStock)

It’s the beginning of the year and like in most companies, it’s probably time to start calculating and reassessing your employee’s compensation. But can you actually use money to motivate and retain your employees?

A study by Willis Towers Watson found only 20 percent of employers in North America actually believe merit pay is effective in driving high performance.

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