There are many authors who argue the value of internal motivation vs. the use of external rewards.
See Edward Deci and Alfie Kohn and Daniel Pink.
I found an interesting article on ways to motivate employees besides money.
Check it out here:
http://business.time.com/2012/08/21/9-things-that-motivate-employees-more-than-money/?hpt=hp_c2
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