A 1500 word white paper

Num. of words: 1000-1500
Information for the business: Human resources - employee motivation and happiness
Topic: The Psychology of Rewards and Recognition in the Workplace
Tone: Formal/Professional
Outline & Structure: A 2-3 page piece on the Psychology of Rewards and Recognition in the Workplace. Should employers reward their employees with financial rewards? Or does an extra day off or a shout-out at a team meeting go a lot further?
Extra notes: Requires a little research into the psychology behind rewards and recognition, although there is a lot out there to work with. Want to take a slightly controversial stance, suggesting that the modern generation is less money focused and more focused on quality of life at work, work:life balance etc.