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Question
Distinguish between pecuniary and non pecuniary incentives.
Distinguish Between
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Solution
| Sr. No. | Basis of Distinction | Pecuniary Incentives | Non-pecuniary Incentives |
| 1. | Meaning | These involve payment of money in cash or kind. | These do not involve payment of money. |
| 2. | Another name | Monetary or financial incentives | Non-monetary or non-financial incentives |
| 3. | Use | Used more to motivate lower-level employees. | Used more to motivate higher-level employees. |
| 4. | Examples | Wages, salary, bonus, etc. | Challenging job, status symbols, appreciation, etc. |
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