Studying the Impact of Non Financial Rewards

Topics: Maslow's hierarchy of needs, Working time, Skill Pages: 3 (892 words) Published: May 3, 2008
The question is, do the non financial rewards have the same impact with the financial benefit as financial rewards? The answer is no, because the non financial benefit cannot be standing alone, the non financial only a supporting rewards to make the employee satisfy. The non financial benefit only gives a low motivation to the employee because not all of the employee has motivated with this rewards, only a few employee who get motivated because they have a individual personal goals in the organization. This day non financial rewards can be another way to appreciate the employee for their work. The companies try to make impression to their employee so they will feel that the work environment is very supporting also the companies can fulfill the individual needs for their employees. From the non financial benefit the employee has a chance to select their own rewards according to the individual needs. Here is the benefit that RBS offered to their employee:

Recognition is one of the most powerful motivators. As McClelland said in his theory of Need for Achievement:” People with a high nAch want to accomplish reasonably challenging goal through their efforts. High nAch people also desire unambiguous feedback and recognition for their success.” (McShane and Glinow, 2003., p. 137) •The employee is motivated to give their best personal appraisal to give the best result through the personal development. Here the companies encourage them to develop their skills and abilities. •By develop their skill it will help the companies to grow. Using develop skill and abilities, the companies through their line manager will do the performance review from there they will know how the progress from each staff from their attitude and they work that companies see usually once in a year. And from that review can give a feedback to the companies what the companies should do to make a better work environment at the office, cause it has effect to increase...
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