What are non -financial incentives?
In an attempt to attract highly qualified employees, financial incentives are important and the increase in salary or a package of good benefits is often what brings new employees to the company. However, the maintenance of these employees, as soon as they were hired, is not always just a matter of financial incentives. Many times people will stay in the company for non -financial incentives offered. They may include a chance to participate in important decisions, opportunities for procedure and recognition for well -done work.
It is important not to confuse non -financial incentives with financial incentives. Whatever costs the money of the company, such as stock options, health benefits or even free coffee, can be considered a direct or indirect financial benefit. The employee does not receive cash, but there is a certain type of monetary value that can be attached to these things. Non -financial incentives do not compare any specific amount of money, but these Can be equally valuable when you try to keep good workers.
enabling fromAměstators participate in the decision -making process can be one of the non -financial incentives that are highly motivating. The ability to have a word in what is happening in society, especially because it concerns employees who participate in decisions can help people feel respected and include and that society values their inputs. Employees are much more likely to feel appreciated if the company requires its contributions for important decisions.
Recognition of well -done work is another non -financial incentives that employees can help feel that society is aware of the work it does and appreciates it. Bonuses and increases are certainly valuable, but not always practical. The society often cannot provide anything but a certificate of recognition, but employees who are so recognized to report a higher level of satisfaction with work than those who do not receive anything. Simply be selected for praise for success is noAsked as a motivation for employees to try harder.
The opportunity for progress within the company is one of the most valuable non -financial incentives. In addition to personal satisfaction, it can increase reward and benefits in addition to personal satisfaction. Knowing that they will be able to move in society is a powerful motivator for many employees. Other types of non -financial incentives include things as simple as the employee's job position. Many people prefer a job name that sounds more important, such as a hygienic engineer rather than trash or sales manager instead of a salesman.