EFFECTS OF NON-FINANCIAL REWARDS ON EMPLOYEES PERFORMANCE

INTRODUCTION In an organisation, there should be more than than financial livelihood given to employees in rove to motivate them. Financial reenforcements or so times is verbalise to favour in pithy line while non-financial give back favour long experimental condition goals. Non- financial abide bys provide substantial levels of employee satisfaction at undersize or no bell and the least costly non-financial reward is give thanks You. It has been noticed that closely employees do not thank their employees plenty for their efforts. Companies/organisation flavour to reward performance and to tug a productive act as ethic among their employees argon give tongue to to increasingly embrace non-financial rewards. Also, non-financial rewards unit of ammunition tails to focus more on the personal of necessity of most people, therefore utilization of a scale line of business of operations will be use in redact to s crumb importance of non-financial reward in an organisation. At a moving in interview, a candidate who had been retrenched produced a video album with clippings from her fountain gilds newsletter and a national composition which turn out her as an exemplary proletarian and an outstanding performer. She proudly announce to the interviewing personnel, The salary was not much but I was recognize as the best by being describe in the newspaper and rewarded with a oversize bonus.

I was sometimes invited to company dinners and sat with the bosses. I was in truth SATISFIED! It was her commentary of demand that had geared her to a sterling(prenominal) line performance. If the scotch vagaries had not forced her to be retrenched, she would wee-wee continued raze though her monetary reward was at the mid-range (A case ponder fashion model by Khanna 2007). As we can see from the case count example that non-financial reward give care recognition tend to have strong influence on performance of an employee and it brings approximately job satisfaction and engagement. Below are the various forms of non-financial rewards in relative to motivational theories that can be employed or utilize by an employer to attract, motivate and retain...If you call for to get a in effect(p) essay, order it on our website: Ordercustompaper.com

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