Examples Of Non Monetary Incentive

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Non-monetary Incentives

I found that non-monetary incentives proved to be very effective in relieving stress on the job. Such incentives can include “BreakOut Zones” which provides an ideal environment for personnel to unwind between long tasks. According to the simulation, these “zones” help reduce stress levels that may result from excessive workloads. The zones also ensure that the personnel is more relaxed and alert while performing their tasks. In this zone, games and movies are provided for the employees. Another non-monetary incentive is an exercise regimen to counter stress levels. According to the simulation, this is especially effective for those jobs that require a high level of physical agility and mental alertness. Another non monetary incentive is stress management workshops where employees take a break from their routine jobs and come together and talk about their tasks and coming up with creative solutions for work-related issues. Behavioral Counseling is yet another non-monetary incentive. This incentive enables the organization as a whole to address issues such as stress and motivation-related problems. According to the simulation, when employees feel they can openly address behavioral issues can greatly improve productivity and employee morale.

Employee Motivation
An organization’s performance can be highly impacted by the motivation of its employees. High motivation amongst the employees directly affects absenteeism, productivity, and turnover. The importance of productivity is obvious. Managers are clearly concerned with the quantity and quality of the work their employees are performing. But absence and turnover are particularly cause for concern because of the adverse affect it may have on an employee’s productivity. In terms of absence, it’s hard for an employee to be productive if he or she isn’t at work. High rates of employee turnover increase costs and tend to place less experienced people into jobs. Therefore, motivated employees are pertinent to an organization. Examples of motivators are Spot Rewards where good performance is awarded with cash or prizes; thus improving productivity. Another motivator is extra nights off for night shift employees; thus improving absenteeism. Providing appropriate and protective gear for the job is another motivator especially for those jobs that are challenged by harsh weather conditions; thus improving morale.

Culturally Diverse Workforce
A culturally diverse workforce is especially important in today’s business environment. Increasingly, corporations are aware that diversity strategies can be instrumental to
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