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    188宝金博页面版: S09 Non financial rewards-Armstrong's Handbook of Reward Management Practice

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    内容提示： 9. NON-FINANCIAL REWARDSKey learning pointsDefinition? Non-financial rewards are those involving the payment of salaries, wages or cashthat focus on the needs people have to varying degrees for recognition,achievement, responsibility, autonomy, influence and personal growth.? They can be extrinsic, such as praise or recognition, or intrinsic, arising from thework itself associated with job challenge and interest and feelings that the work isworthwhile.The significance of non-financial rewards? Money has to be...

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    9. NON-FINANCIAL REWARDSKey learning pointsDefinition? Non-financial rewards are those involving the payment of salaries, wages or cashthat focus on the needs people have to varying degrees for recognition,achievement, responsibility, autonomy, influence and personal growth.? They can be extrinsic, such as praise or recognition, or intrinsic, arising from thework itself associated with job challenge and interest and feelings that the work isworthwhile.The significance of non-financial rewards? Money has to be reinforced by non-financial rewards, especially those thatprovide intrinsic motivation.? When motivation is achieved by such means it can have a more powerful andlonger-lasting effect on people, and financial and non-financial rewards can bemutually reinforcing.Types of non-financial rewardsNon-financial rewards can be classified as follows:? Individual extrinsic rewards – non-financial recognition, praise, feedback.? Individual intrinsic rewards – fulfilling work, opportunity to grow.? Collective extrinsic rewards – work–life balance policies, employee well-beingservices, concierge services, voluntary benefits, learning and development andtalent management programmes.? Collective intrinsic rewards – work environment enhancement, work systemdesign.Using non-financial rewards1. Use as part of a total rewards policy.2. Introduce employment practices designed to ensure the fair and ethical treatmentof employees.

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