Unformatted text preview: 2. Non-monetary incentives-Besides the monetary incentives, there are certain non-financial incentives which can satisfy the ego and self- actualization needs of employees. The incentives which cannot be measured in terms of money are under the category of “Non- monetary incentives”. Whenever a manager has to satisfy the psychological needs of the subordinates, he makes use of non-financial incentives. Non- financial incentives can be of the following types:- a) Security of service b) Praise or recognition c) Suggestion scheme d) Job enrichment e) Promotion opportunities...
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- Fall '09
- Management, job enrichment, Non- monetary incentives, certain nonfinancial incentives, Non- financial incentives