ENTREPRENEURIAL OPERATIONS
HUMAN RESOURCE MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
True
|
|
|
False
|
|
|
Either A or B
|
|
|
None of the above
|
Detailed explanation-1: -Non-financial employee rewards are the non-cash benefits that organisations provide to their employees. Examples include summer working hours, subsidised gym memberships, free meals or employee discounts.
Detailed explanation-2: -Most types of non-financial incentives fall into four buckets: recognition, reward, opportunity, and flexibility.
Detailed explanation-3: -Non-financial compensation is any employee compensation that doesn’t involve cash. Many companies find creative ways to offer employee benefits that make them feel valued and appreciated. Often, this form of compensation can be a great method for establishing trust and loyalty between an employer and an employee.
Detailed explanation-4: -Job enrichment and employee recognition programmes are non-financial incentives.