Non-monetary Benefits

Non-monetary Benefits- While recruiting employees, organizations generally think that money is the only requisite to hire talented employees. Though monetary benefits do attract employees it is often the non-monetary benefits that attract the employees and keeps them on staff. The various non-monetary benefits which employees get attracted to are as follows

• Education: It is always good to spend some money on keeping the employees of an organization up to date by educating and training them so that they become aware of the latest developments in their field.
• Work-Life Balance: In today’s competitive world, employees in an organization work for more hours than what employees used to work in the earlier days. Family, children and other activities all have demands on today’s employees. A flexible schedule can help employees meet some of these obligations. By allowing some flexibility in an employee schedule organizations can increase the desire and motivation of the employees.
• Professional Development: Professional development is more than education. It can range from allowing employees to spend a few hours a week on a personal project with new technologies to letting them try their hand at a different job.
• Recognition: In today’s high paced work environment employees consider recognition of their work as of prime importance but feel that it is rare and infrequent. The best way to encourage employees to continue their good work and success is to offer them praise in verbal or written form or making a public announcement.
• Opportunity to Contribute: Employees should be given a chance to
• Be a part of a team.
• Work closely with managers and management.
• Involve in key decisions. 
• Be heard.
• Independence and Autonomy: Employees have a desire to work independently. They do not like to be constantly monitored and questioned over every move. They prefer to receive assignments with a time frame and then like to have independence in completing the work based on the guidelines and framework given by the organization on their own merit.

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