what is semi financial incentives and its point?.
Answers
Explanation:
The term incentive means an inducement which rouses or stimulates one to action in a desired direction. An incentive has a motivational power; a large number of incentives the modern organisations use to motivate their employees may be broadly grouped into (i) financial incentives, and (ii) non-financial incentives.
Man is a wanting animal. Once money satisfies his/her physiological and security needs, it ceases to be a motivating force. Then, higher order needs for status and recognition and ego in the society emerge.
Answer:
Non-financial incentives are the types of rewards that are not a part of an employee's pay. Typically, they cost the company little or no money, yet carry significant weight. ... As companies continue to make cuts to employee compensation, non-financial incentives for employees are more crucial than ever.