quora
Nobody downloaded yet

Non-Financial Rewards - Dissertation Example

Comments (0) Cite this document
Summary
Non-Financial Rewards Table of Contents Introduction 3 Research Question 3 Literature Review 3 Research Methodology and Data Collection 6 Research Analysis and Findings 6 Conclusion 6 References 8 Introduction Non-Financial rewards can be treated as specific incentives to the employees other than extra monetary payment…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.2% of users find it useful
Non-Financial Rewards
Read TextPreview

Extract of sample
"Non-Financial Rewards"

Download file to see previous pages Moreover, free pension entitlement or private medical care can also be considered as the non financial rewards. Research Question What is the impact of non-financial reward on employee satisfaction? Literature Review The non financial rewards are cost effective for the organizations. According to Armstrong (2010), non financial rewards focus on the reorganization, achievement, autonomy, influence, personal growth and responsibility needs of the employees (Armstrong, 2010, p. 47). There are two types of non financial rewards namely tangible non financial rewards and intangible non financial rewards. Intangible non financial rewards are referred as the relational rewards. Work life balance, quality of work life fall in the intangible non financial rewards category. On the other hand the tangible non financial rewards are referred as the non cash rewards. These non cash rewards support several recognition programmes. Low valued matters or objects like flowers and chocolates are considered as the tangible non financial rewards. Several vouchers and substantial value offers like holiday package are also considered as the tangible non financial rewards. ...
This scheme helps an organization to increase performance outcomes. It can be seen that several global organizations implemented this specific recognition schemes in order to increase their business efficiency. Generally larger organizations use this recognition schemes as it is both time and cost effective. These recognitions can come in both non tangible and tangible forms. According to Perkins and White (2010), an effective employee recognition programme should be prevalent, visible, spontaneous, personal and memorable (Perkins and White, 2011, p.72). The organizations implement these recognition schemes in order to achieve several organizational objectives. It motivates the employees to provide effective work performance. It creates a positive organizational work environment. The organization can maintain their ethics and morale through these recognition schemes. Moreover, these recognition schemes encourage the employee loyalty and support several cultural changes. According to Lewis (2006), involvement policies, thank you prizes, communication strategies, imaginative job designs and effective performance appraisal are majorly considered as the non financial reward (Lewis, 2006, p.107). According to Armstrong (2007), achievement, influence, personal growth, recognition and responsibility are the key objectives of non financial rewards (Armstrong, 2007, p.69). Employee recognition programme is a key aspect in employee motivation process. It is important for the management of the organization to link it properly and strategically to the organizational objectives and goals. It will help to increase the motivation of employees and business output of the organization. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Non-Financial Rewards Dissertation Example | Topics and Well Written Essays - 1000 words”, n.d.)
Retrieved from https://studentshare.org/human-resources/1482122-non-financial-rewards
(Non-Financial Rewards Dissertation Example | Topics and Well Written Essays - 1000 Words)
https://studentshare.org/human-resources/1482122-non-financial-rewards.
“Non-Financial Rewards Dissertation Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/human-resources/1482122-non-financial-rewards.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Financial Reporting on Cement Roadstone Holdings Plc
The company having a balance of nearly €1.8billion of cash and cash equivalent and liquid instruments at the end of 2012 depicts a strong and flexible financial position. It was expected by the management that with such cash balances the company would be able to cover all debt maturities and capital expenditure and other expenditure requirements in 2013.
21 Pages(5250 words)Dissertation
Analysis and Interpretation of Financial Statement as a managerial tool for Decision Making
Bearing these in mind, the management teams of Arthur Daniel Midland Company (ADM) set out a steering committee to oversee the various management criteria have used have been revised. These happened after a series of losses occurring to the organization in the past three years
15 Pages(3750 words)Dissertation
An examination of employee retention strategy in Ramsay Health Care UK
Superior workforce in a developed economy plays a vital role and is one of the most required drivers for productivity and sustainability of an economic growth. However the existing evidence suggests that there is high rate of labor turnover in United Kingdom from the business organizations which has negatively affected the country economic growth and stability.
30 Pages(7500 words)Dissertation
HRM Practices that affect the Annovation process
In order for organizations to be able to compete they must be positioned to constantly improve performance by cost reduction and innovation in services and products (Becker & Gerhart, 1996). Human Resource Management (HRM) theorists have conducted a number of studies designed to establish a connection between organizational performance and HRM (Cooke, 2000).
100 Pages(25000 words)Dissertation
The Influence of Rewards and Intrinsic Motivation on the Turnover Intent at Bourne Leisure Ltd
The study aimed to examine the concept of intrinsic motivation and extrinsic rewards, and their relationships with turnover intentions, identify and analyze the factors that motivates employees to leave or stay with Bourne Leisure Ltd., and provide recommendations as to how the current reward strategy of Bourne Leisure Ltd. can be improved and its possible outcomes on employee motivation and turnover intentions.
35 Pages(8750 words)Dissertation
Non-financial risk management for Police Force
One of the most distinctive characteristics of police officers’ profession is a high level of the exposure to a wide range of potential organisational and operational risks and liabilities on a daily basis. Gottschalk (2007: p.16) emphasises that such risks and liabilities can be not only mortally dangerous but also can cause litigation, liability claims or citizen complaints.
6 Pages(1500 words)Dissertation
Non-financial audit
In this regard, a report is issued by the basis of results that comes out from the auditing process of a company by them. The validity and
9 Pages(2250 words)Essay
Impact of Financial and Non-financial Rewards on Employee Motivation and Satisfaction of Saudi Nationals in Saudi Aramco
Motivation influences work performance. Shields exhibit through the use of several studies that “motivation is the most critical direct attitudinal determinant of work effort or task behaviour”.
20 Pages(5000 words)Literature review
Impact of Rewards on Employee Motivation and Organisational Performance

The researcher is determined to understand the contribution of employees’ motivational levels on individual and organizational performance; to increase the effect of employee motivation on individual performance and to clarify the differences/similarities in the effects of financial and non-financial rewards on organizational performance, so that an improved incentive system can be generated.

74 Pages(18500 words)Dissertation
To what extent employee satisfaction is an antecedent for customer satisfaction and loyalty among Small and medium Enterprises
60 Pages(15000 words)Dissertation
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Dissertation on topic Non-Financial Rewards for FREE!
logo footer
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us