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Monetary-and-Non-Monetary Incentives …
Monetary-and-Non-Monetary Incentives
(1) Financial/Monetary Incentives
Money basic
motivator for
all employees
all primary
needs to be
met only
with money.
Two Types
(A) Individual Financial Incentives
(i)Hal
sey Pl
an
(ii) Ro
wa
n Prem
ium P
lan
(iv) Bede
au
x Pla
n
(iii) Eme
rso
n Pl
a
n
(B) Group Financial Incentives/ Collective Incentive System
(i) Sc
an
lon
P
lan
(ii) Pri
estm
an B
on
us Pl
an
(2) Non Monetary /Non-Financial Incentives.
it is fact
money important
motivator but
managers & executions
do not satisfy
with money alone.
they want
psychological satisfaction
also.
