Question

Name any two incentives to motivate employees, besides money.

“Money is not the only motivation for an employee.” With reference to the above statement, name and explain any two non-monetary incentives of motivation.

Answer 1

Two non-monetary incentives to motivate employees, besides money, are:

1. Recognition and appreciation of good work:
   • Explanation: When employees are praised for their efforts and achievements, whether verbally, through awards, or public acknowledgements, they feel valued and respected. This boosts their morale and encourages them to maintain or improve their performance.
   • Motivational Impact: It fulfills the esteem needs of employees (as per Maslow's theory) and enhances job satisfaction.
2. Opportunities for growth and promotion: 
   • Explanation: Providing employees with chances to learn new skills, take on responsibilities, or move up in their career path keeps them engaged and motivated. Training, workshops, and internal promotions make employees feel invested in.
   • Motivational Impact: It addresses the self-actualisation needs and encourages long-term commitment and productivity.