The Effects of Non-monetary Incentives on Employees
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Introduction
Running Head: THE EFFECTS OF NON-MONETARY INCENTIVES ON EMPLOYEES The Effects of Non-monetary Incentives on Employees [Name of the writer] [Name of the institution] The Effects of Non-monetary Incentives on Employees Chapter 1: Introduction ?utlin? Thi? r????rch f?cu??? ?n th? v?ri?u? ??p?ct? ?f N?n-m?n?t?ry Inc?ntiv?? ?n ?mpl?y??? ?nd c?mpri??? ?f th? f?ll?wing ch?pt?r?: (1) Intr?ducti?n (2) Lit?r?tur? R?vi?w (3) Pr?p???d M?th?d?l?gy R?ti?n?l? Thi? ?tudy highlight? m?ny i??u?? r?l?t?d t? N?n-m?n?t?ry Inc?ntiv?? ?nd giv?? ? br??d ?n?ly?i? ?f t?ngibl? n?n-m?n?t?ry inc?ntiv?? t? ?cc?mpli?h ? firm'? ?mpl?y?? m?tiv?ti?n g??l? b?tt?r th?n ? c??h inc?ntiv? ?f ?qu?l m?rk?t v?lu?. Firm? f?c? th? ch?ll?ng? ?f m?tiv?ting th?ir ?mpl?y??? t? put f?rth th? ?ppr?pri?t? ?m?unt ?nd typ? ?f ?ff?rt. ?n? t??l firm? u?? t? ?cc?mpli?h thi? ?bj?ctiv? i? th? u?? ?f ? lump-?um b?nu?. F?r ?x?mpl?, ? firm might giv? ? ??l??p?r??n ? $5,000 c??h b?nu? f?r ?xc??ding hi? ?r h?r qu?t? f?r th? y??r. ?lt?rn?tiv?ly, th? firm c?n pr?vid? high-?nd m?rch?ndi?? ?r v?c?ti?n tr?v?l ?uch ?? ? trip t? H?w?ii f?r which th? ?mpl?y?? w?uld n??d t? p?y $5,000. I will u?? th? t?rm t?ngibl? n?n-m?n?t?ry inc?ntiv? t? d??crib? inc?ntiv?? lik? thi? trip t? H?w?ii which ?r? p?rf?rm?nc? b???d, n?n-c??h, with n?n-trivi?l m?rk?t v?lu?. Wh?n ch???ing th? typ? ?f ?xtrin?ic inc?ntiv? t? ?ff?r, ? firm w?uld lik? t? d?t?rmin? which inc?ntiv? w?uld b? th? m??t m?tiv?ting f?r it? ?mpl?y???, ?? th?t it c?n r?c?iv? th? m??t imp?ct p?r d?ll?r ?p?nt. ?t?nd?rd ?c?n?mic th??ry ??y? th?t c??h i? ?lw?y? b??t du? t? ?pti?n v?lu? ?nd thi? r??ult i? ?l?? f?und in ?urv?y r??ult? which c?nfirm th?t m??t p??pl? ?t?t? ? pr?f?r?nc? f?r c??h inc?ntiv?? (H?in, 1998). In thi? p?p?r, I will di?cu?? why c??h i? n?t ?lw?y? th? b??t ?xtrin?ic inc?ntiv? t? u?? ?nd why t?ngibl? n?n-m?n?t?ry inc?ntiv?? m?y ?cc?mpli?h ? firm'? ?bj?ctiv?? b?tt?r th?n ? c??h ?w?rd ?f ?qu?l m?rk?t v?lu?. Und?r?t?nding why ?nd wh?n t? u?? ...read more.
Middle
? purch??? ?f th? ??m? it?m by th? ?mpl?y?? w?uld n?t c?rry th? ??m? ??ci?l v?lu? ?? if it w?r? ?w?rd?d by th? firm. ?nc? th? m?n?y i? giv?n t? th? ?mpl?y?? it b?c?m?? th? ?mpl?y??'? m?n?y ?nd th?r?f?r? ?nything purch???d with it i? ??m?thing th? ?mpl?y?? ch??? t? purch??? r?th?r th?n ??m?thing th? firm g?v? t? th? ?mpl?y??. F?mily, fri?nd?, ?nd c?ll??gu?? will ?l?? b? m?r? lik?ly t? vi?w th? trip ?r ?th?r purch??? ?? ??m?thing th? ?mpl?y?? b?ught r?th?r th?n ??m?thing th?y r?c?iv?d f?r g??d p?rf?rm?nc?. Th??? i??u?? m?k? th? link b?tw??n th? c?mp?ny ?nd th? ?w?rd w??k?r ?nd ?? w?uld n?t pr?vid? th? ??m? m??n? ?f di?cu??ing g??d p?rf?rm?nc?. ?n ?dditi?n?l ?id? b?n?fit t? th? u?? ?f t?ngibl? n?n-m?n?t?ry inc?ntiv?? i? th?t th?y ??rv? ?? r?mind?r? ?f th? g??d p?rf?rm?nc? th?t l?d t? th?ir r?c?ipt. Phy?ic?l g??d? lik? ? big ?cr??n t?l?vi?i?n will r?mind th? ?mpl?y?? ?v?ry tim? th?y turn it ?n. V?c?ti?n tr?v?l will pr?vid? m?m?ri??, pictur??, ?nd m?m?nt?? th?t will d? th? ??m? thing. C??h ?w?rd? c?n ?l?? d? thi? pr?vid?d th?y ?r? ?w?rd?d with ??m? phy?ic?l m?rk?r ?uch ?? ? c?rtific?t? ?r ? pl?qu? ?f ??m? ??rt. Wh?t m?k?? ? t?ngibl? n?n-m?n?t?ry inc?ntiv? m?r? ?ff?ctiv? i? th? vi?ibility ?f thi? typ? ?f ?w?rd ?nd th? l?ck ?f ??ci?l n?rm? ?g?in?t di?cu??ing thi? typ? ?f ?w?rd. Pr?p??iti?n 4: Th? pr?dict?d utility ?f ??rning ? n?n-m?n?t?ry inc?ntiv? will incr???? with th? ??ci?l utility ?f th? ?w?rd. Th? ??ci?l utility ?f th? ?w?rd will incr???? with th? ???? with which th?t ?w?rd c?n b? di?cu???d with ?th?r?. ?? with th? i??u? ?f ju?tifi?bility, th? n?tur? ?f r?inf?rc?m?nt ?bt?in?d fr?m ? t?ngibl? n?n-m?n?t?ry inc?ntiv? i? lik?ly t? v?ry ?cr??? ?rg?niz?ti?n?l ?nd n?ti?n?l cultur??. ??m? ?rg?niz?ti?n?l cultur?? h?v? f?w?r pr??cripti?n? ?g?in?t di?cu??ing c??h b?nu???. F?r ?x?mpl?, inv??tm?nt b?nk?r? ?r? ?ft?n ?xp?ct?d t? br?g ?b?ut th?ir inc?m?. ??ci?l r?c?gniti?n l?vi?h?d ?n ?n individu?l in ? c?ll?ctivi?t cultur? might l??d t? l??? utility c?nv?y?d fr?m th? ?w?rd, wh?r??? ??rning ?dmir?ti?n fr?m ?n?'? gr?up m?y b? ...read more.
Conclusion
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