Question

State two examples of non-monetary incentives.

Hint:

Non-monetary incentives foster a positive work environment and help with long-term employee retention.

Answer 1

Non-monetary incentives are rewards or recognition offered by employers that do not involve money but still motivate employees and improve their performance. These incentives are aimed at improving the working environment and job satisfaction. Examples of non-monetary incentives: 1. {Recognition and Appreciation:} Publicly acknowledging an employee's achievements or work in front of peers can act as a powerful motivator. This includes awards, employee of the month recognition, and verbal appreciation. 2. {Career Development Opportunities:} Offering employees the chance to improve their skills, attend seminars, workshops, or educational courses increases their motivation to perform well at their jobs, as they see growth potential within the company. Conclusion: Non-monetary incentives play an essential role in enhancing employee morale, commitment, and long-term loyalty to the company.
Final Answer: \[ \boxed{\text{Examples of non-monetary incentives include recognition and career development opportunities.}} \]