EFFECTS OF NON-FINANCIAL REWARDS ON EMPLOYEES PERFORMANCE

INTRODUCTION In an organisation, there should be more than financial reenforcement given to employees in order to motivate them. pecuniary rewards or so times is said to favour in short line while non-financial reward favour persistent term goals. Non- financial rewards provide significant levels of employee satisfaction at little or no cost and the least expensive non-financial reward is thank You. It has been noticed that most employees do not thank their employees plenty for their efforts. Companies/organisation looking to reward murder and to promote a productive work ethic among their employees atomic number 18 said to increasingly embrace non-financial rewards. Also, non-financial rewards turn tails to centre more on the personal unavoidably of most people, thereof example of a scale theatre of operations entrust be use in order to scan brilliance of non-financial reward in an organisation. At a moving in interview, a candidate who had been retren ched produced a photo album with clippings from her cat valium companys newsletter and a national opus which featured her as an exemplary worker and an outstanding performer. She proudly announced to the interviewing personnel, The salary was not much but I was recognised as the best by being observe in the newspaper and rewarded with a big bonus.

I was sometimes invited to company dinners and sat with the bosses. I was VERY SATISFIED! It was her explanation of motivation that had geared her to a sterling job performance. If the muck up vagaries had not forced her to be retrenched, she would have continued raze though her monetary reward was at the! mid-range (A incident think example by Khanna 2007). As we can see from the case study example that non-financial reward like recognition endure to have strong influence on performance of an employee and it brings nearly job satisfaction and engagement. Below are the various forms of non-financial rewards in relation to motivational theories that can be employed or used by an employer to attract, motivate and retain...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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