Recognizing and rewarding performers and encouraging good future efforts is a long-term strategy for gaining loyalty and keeping a valuable workforce. Most startups fear going through this route because they may perceive it to be expensive and this would hamper their growth objectives. The good news is that non-financial benefits are just as important as financial incentives. In fact, many employees specifically prefer them.

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Acknowledging work pays off in the long run, and the time spent recognizing it will probably lead to a more thoughtful and personal approach. So it’s an effective way to motivate your employees. Here is a guide to employee rewards and recognition program.…

Electronics are everywhere. Look at your desk—you’re bound to find an assortment of small components like resistors or capacitors scattered throughout your table. While these components may seem insignificant to you, they’re integral to running an electronics-based business that accounts for millions of dollars in sales annually.

By understanding what’s driving the global demand for electronic components and which devices use them most frequently, you can better position your company as an industry leader in the electronic field.

Read this article to learn more about what’s driving the global demand for electronic components!

Impact of New Product Development

A significant contributor to the scarcity of components has been the unprecedented rise in consumer demand for different electronics.…