Purchase Solution

non-monetary awards

Not what you're looking for?

Ask Custom Question

Some organizations reward exceptional work with a non-monetary award. The army rewards with a medal to be worn. Employee innovation and productivity achievements are rewarded with certificates or token prizes. Are these rewards appropriate? How do they compare with the rationale for pay for performance?

Purchase this Solution
Solution Summary

This job proves non-monetary awards as acceptable and appropriate.

Solution Preview

Yes, non-monetary awards are acceptable and appropriate in many circumstances from the point of view of the organization, but not exactly desired from the point of view of the awardee. These rewards act as motivating factors in ...

Purchase this Solution
Free BrainMass Quizzes
Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

View More Free Quizzes
Related BrainMass Solutions

  • Compensation and Benefits: monetary and in-kind payments

    Describe whether monetary and in-kind payments are sources of motivation? A good example of monetary and in-kind payments is the use of monetary employee awards vs. time off awards.

  • incentives

    Non monetary incentives such as work from home opportunities, paid vacations and days off, recognition and awards for superior performance are some of the most effective incentives for motivating me because I have reached a senior position and do not

  • How do you design a non-monetary incentive program for a group of people?

    They can also provide intangible non-monetary awards. Like the assigning employees more meaningful, challenging, visible, and prestigious works and better training opportunities.

  • Ideal Leader: prepare a want ad including criteria desired for the position

    Monetary awards include: annual salary more than $70,000, quarterly bonus based on efficiency and productivity, and profit sharing.

  • incentive program

    Such a combination of monetary and non-monetary awards will ensure that sales reps remain loyal to the organization.

  • motivate performance

    We can motivate the performance via a set of monetary as well as non-monetary rewards and incentives, recognition, proper communication, greater flexibility in terms of working environment, tasks and duties, greater degree of responsibility, authority

  • Strategic Thinking

    Incentives that can be used are monetary incentives such as bonuses, non monetary incentives rewards, recognition in the form of awards such as best employee of the month,etc.

  • Awards for Employees with similar work

    There are two types of awards within the workplace - intrinsic and extrinsic. Some like monetary while others may like recognition.

  • compensation, behavior, and motivators

    For such group of employees, one of the effective form of non monetary reward is recognition in the form of awards, praise/recognition in front of whole staff or other recognition, luxury vacation, etc.

View More Related Solutions