ROLE OF NON-MONETARY MOTIVATION OF EMPLOYEES: A QUANTITATIVE STUDY

Abstract

Employee energy, dedication, and creativity are used as a gauge of a person's motivation for their profession. The most crucial management idea is to continually seek methods for ensuring high motivation levels among the workers. Employee rewards, both monetary and non-monetary, are essential in this regard. In the modern era, financial incentives, without a doubt, increase employees' performance levels because money is what keeps the average person going. Promotion, job stability, training, and a friendly working environment are non-monetary benefits boosting motivation. Training and growth, a pleasant work atmosphere, preferred lunch hours, business cards, and a secretary were non-monetary perks. The most effective technique to inspire your team is using non-monetary incentives. They may be a powerful way to show appreciation and increase employee retention. Motivational features or non-monetary advantages are examples of benefits that are fundamental to work. These non-cash benefits are given to employees by their employers. Status, recognition and gratitude, work-life balance, delegation, workplace conditions, job enrichment, and employment stability are some non-financial factors.