Money is not the only factor needed to motivate employees. According to the 21st Annual Casino Gaming Executive Satisfaction Survey Results, nearly three-fourths of respondents who are manager-level and up chose non-monetary incentives as their highest career priority when choosing an employer: 29% said corporate culture; 24% said career opportunity and growth; 8% said work-life balance; 6% said job security; 5% said location; 1% said weather and lifestyle; and 1% said paid time off.
When I started recruiting for gaming executives nearly 20 years ago, employee experience was rarely a topic of discussion during the hiring process. The conversations were more straightforward, revolving around if the opportunity had a better job title, a more reputable brand name, or a higher base salary.
While these subjects are still relevant today, the job market has become much more complex. Professionals view non-monetary incentives with the same, if not more, regard as compensation. People are weighing their satisfaction on their day-to-day experience and personal well-being. But this should not come as a surprise to employers. After all, the Great Resignation, “quiet quitting,” and the importance of employee wellness have been recurring topics in the workforce. And it is up to employers to understand the fundamental values that non-monetary incentives possess to effectively retain their employees.
READ THE FULL ARTICLE BY BENJAMIN FARBER IN THE 2022 WINTER EDITION OF GAMING & LEISURE MAGAZINE.