NON FINANCIAL REWARDS

Question 1

What are Non Financial Rewards?

Answer 1

Given to employees by employers as a result of an extrinsic motivation scheme, that have no monetary value but employees value anyways.

Question 2

What is Job Enrichment?

Answer 2

Giving employees additional tasks that are challenging and that managers usually do. These extra tasks lead to professional growth and increased motivation.
They give greater responsibility and recognition by expanding their role in the production process.

Question 3

Advantages of Job Enrichment

Answer 3

Having more recognition motivates the workers

Question 4

Disadvantage of Job Enrichment

Answer 4

Cannot be applied in all situations, depends on work and caliber of workers.

Question 5

What is Job Rotation?

Answer 5

Switching tasks from time to time, in order to give them a greater sense of the whole production process.

Question 6

Advantages of Job Rotation

Answer 6

Better sense of the business as a whole
Additional training, knowledge and skills → Opportunities for the business

Question 7

Disadvanatges of Job Rotation

Answer 7

Costly
Requires Training

Question 8

What is Empowerment?

Answer 8

Managers involve employees in decision making and gives them decision making power as well as giving them considerable control over how their jobs should be made.

Question 9

Advantages of Empowerment

Answer 9

Empowerment is motivating
Feel valuable
See opportunity of promotion in the future

Question 10

Disadvantages of Empowerment

Answer 10

Risk the employee making a bad decision that can put the business in a disadvantageous position.