MONETARY AND NON-MONETARY INCENTIVES: A STUDY ON EMPLOYEE PERFORMANCE

This paper examines the role of monetary and non-monetary incentives in employee performance in the context of employee performance. In particular, distributing monetary and non-monetary incentives to employees according to their position is compared to a performance approach that tends to recognize and reward employee’s posts. The research work is done on the basis of analysis of various tools of monetary & non-monetary incentives and the analysis has been described through informal interview with various employees of public and private sector employees of various sector like Banking, Construction, Service, Manufacturing. The primary goal of this research to understand the mechanism of monetary & non-monetary incentives which directly & indirectly affect the performance of employee.

Keywords: Employees, Performance, Motivation, Monetary Incentives, Non-Monetary Incentives, Organization Chart.

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