What do you understand by non-financial benefits? Give a few examples of it?
Non-financial benefits as a method to motivate employees had its origin in the 1980s. In simple sense it is the use of awards, rewards, and other benefits for both employees and their families. All rewards do not necessarily improve an individual’s financial standing. Non-financial rewards are those desirable things that are provided by an organization. They make an employee’s life on the job more attractive. For example, benefits like preferred office furnishing, preferred lunch hours, assigned parking spaces, preferred work assignments, business cards, secretary, impressive cities, etc.
Non-financial benefits as a method to motivate employees had its origin in the 1980s. In simple sense it is the use of awards, rewards, and other benefits for both employees and their families. All rewards do not necessarily improve an individual’s financial standing. Non-financial rewards are those desirable things that are provided by an organization. They make an employee’s life on the job more attractive. For example, benefits like preferred office furnishing, preferred lunch hours, assigned parking spaces, preferred work assignments, business cards, secretary, impressive cities, etc.
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