Non Financial Rewards for Employees
What are Non-Financial Incentives? Non-financial incentives are intangible rewards that do not involve cash, such as flexible work hours, recognition and appreciation, career advancement opportunities, training and development programs, a positive work environment, and work-life balance. Non-financial incentives are becoming increasingly important in modern workplaces because they boost employee motivation, engagement, job satisfaction, loyalty, commitment, and productivity. This is achieved through rewards such as flexible work hours, recognition and appreciation, training and development programs, work-life balance, etc.Anshuman Singh (2024) What is the role of non-monetary incentives in motivating employees Non-monetary incentives are key for motivating employees and enhancing job satisfaction. While some employees may prefer being financially compensated, others appreciate rewards relating to their wellbeing, goals or interests. Financial incentives are ultimately a one-size-fit