Role Of Non Financial Compensation In Compensation

Impact of financial and Nonfinancial Rewards on Employee
Motivation

by

Valerie L. Kisseloff, M.S.

David Cross, Ed.D.

Melanie Shaw, Ph.D.

Abstract

Employees lacking indigence can kick in a problem for all types of organizations, and there can be far-reaching impacts when employee performance is down. The ability to foster a motive work environment is essential, and strategies must focus on how employee satisfaction and performance levels ar tied to motivation. There be several ways that organizations can engage their workforce, and this study allows for an examination of the impacts of financial and non-financial rewards with respect to overall levels of employee motivation. To further examine this topic, preceding literature was reviewed and a survey was emailed to graduate students enrolled in the get of Science in Management degree platform at Embry-Riddle Aeronautical University Worldwide. Of those surveyed, 186 responses were collected and analyzed to gain additional brain wave into workplace motivation. The survey results indicated that non-financial rewards are valued as more important than financial rewards from nearly all individuals surveyed.



Although non-financial rewards were rated higher, the survey results reason that both financial and non-financial reward elements impact employee motivation levels, which are ultimately linked to higher levels of satisfaction and performance.

Impact of Financial and Non-financial Rewards on Employee Motivation

There is ongoing discussion in condescension literature regarding the development of managerial skills and the characteristics of effective and capable managers. In a period of economic downturn, fostering a motivating work environment and understanding the elements of an effective motivation program are critical pieces of human resources management. Employees lacking motivation present a problem for all types of organizations and there can be far-reaching impacts when employee...If you want to get a full essay, order it on our website: Orderessay



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