Question

Name any two non-financial incentives to motivate the employees.

Hint:

Motivation is not always about money — psychological and social rewards play a key role in sustaining employee enthusiasm and performance.

Answer 1

Non-financial incentives refer to motivational factors that do not involve monetary compensation but significantly influence employee satisfaction and performance. These incentives cater to the psychological, social, and emotional needs of individuals. Two such common non-financial incentives are:

• Job Security: Assuring employees of stable employment reduces anxiety and boosts morale, thereby enhancing loyalty and productivity.
• Recognition and Prestige: Acknowledging an employee's efforts through awards, praise, or public appreciation satisfies their self-esteem and motivates them to continue performing well.

Other examples include:

• Opportunities for career advancement
• Challenging work assignments
• Participation in decision-making
• Respectful and inclusive workplace culture