An Introduction to Non Monetary Rewards

Introduction: It is widely accepted by the organizational theorists that manpower is one of the most important assets of an organization, because things are getting done through employees. In other words, the success of an organization in realizing its objectives heavily depends on the performance of its employees. Therefore, it is important to focus on the factors affecting the performance of the employees. The most important factor which affects performance is the reward that we get for working. It is very obvious for human beings to work for rewards, and we all are working for some or the other kind of reward. It is not only at office that we work for rewards, but generally speaking we do everything for getting some reward, whether it is related with our personal lives or professional. We eat (work) to get energy (reward), we exercise (work) to remain fit (reward), we buy clothes (work) to look good (reward) and so on. On the contrary if these rewards are not present, we lose interest in work. The purpose of this study is to highlight the importance of non monetary rewards in today’s competitive era, where money can lure away the most efficient employees from the organization.

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