Answer:
The benefits of using non-financial rewards to motivate employees are:
1. Employees feel respected
2. Employees are more happier
Step-by-step explanation:
In general, rewards are often given to employees as a show of appreciation for exemplary service to the company. There are two major types of rewards given by employers to their employees, namely; non-financial rewards and financial rewards. Financial rewards have a monetary value attached to it while non-financial rewards as the name suggest are rewards that employers give to their employees that are not monetary in nature. Financial rewards have been often known as the conventional way of awarding employees, however in the recent past, non-financial ways have become more common in most companies.
Some of the benefits of non-financial rewards are;
1. Employees feel respected: non-financial rewards often make the employees feel valued by the company and thus feel respected. Research has shown that more people would rather stay in a company that pays them considerably less but treats them with respect.
2. Employees are more happier: non-financial rewards such as how employees are corrected and how they are treated when they do something wrong usually impacts on their mood. It has been proved that better treatment causes the employees to be happier. Happiness contributes to the mental well-being of employees.