Meaning of Non-Monetary Incentives
Non- monetary incentives are offered with a view to attract better employees, to encourage loyalty, reduce labour turnover, promote better health and reduced absenteeism so as to build up a happy and contented staff.
Non-monetary incentives are sometimes provided free of cost while in some other cases, it may be subsidized. This usually takes the following forms;
1. Educational facilities for training the employees or to educate children of employees.
2. Financial assistance in respect of housing.
3. Medical facilities.
4. Transport facilities.
5. Recreational facilities.
6. Co-operative societies.
7. Leave travel concession.
8. Contribution to P.F. Gratuity etc.
9. Free uniforms.
इसे भी पढ़े…
- Definition of Primary Distribution of Overheads
- What is Re-Apportionment of Service Departments Overheads
- Process of Classification of Overheads | Basis of Overhead Classification
- What is Overheads | Bases For Allocation of Expenses to Departments
- What is Meaning of Incentive Wage Method | Methods of Wage Payment
- Meaning of Collection Allocation | Apportionment of Overhead Expenses
- What is Primary Distribution of Overheads
- What is Meaning of Overhead | Classification of Overhead
- Process of Classification of Overheads | Basis of Overhead Classification
- Advantages of Fixed and Variable Overheads | Difference Between Fixed & Variable Overheads
- What is Absorption of Selling and Distribution Overheads
- What is Money, Definition, Functions and various kinds of Money
- What is Apportionment of Overheads, Principles, Difference
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