DIRECTING — OCM STD 12 Commerce — Question

Non-Financial Incentives:Non-financial incentives are rewards given to employees that do not involve direct monetary payment but motivate and encourage them to perform better. These incentives focus on fulfilling the psychological and social needs of employees.
Examples of Non-Financial Incentives:

1. Recognition and Appreciation:
   Praising employees for their good work boosts morale and motivation.
2. Job Enrichment:
   Providing challenging and interesting work increases job satisfaction.
3. Promotion Opportunities:
   Chances for career growth encourage employees to work hard.
4. Better Working Conditions:
   Comfortable and safe work environment enhances employee comfort.
5. Flexible Work Hours:
   Allowing flexible timings helps employees balance work and personal life.
6. Training and Development:
   Offering learning opportunities makes employees feel valued and skilled.
7. Job Security:
   Assurance of continued employment increases loyalty and reduces stress.

These incentives help in improving employee motivation, commitment, and overall productivity without increasing direct costs.