Non-financial incentives:
Incentives not based on money are called non-monetary or non-financial incentives.

Types of non-financial incentives:
1. Security of employment:

• Over and above employment, security of employment is also equally important.
• Job security means an assurance to the employee that he will remain in job if he keeps on performing as per set standards.
• Lack of job security makes one stressed whereas assurance oi job security inspires to work with enthusiasm. This increases the productivity and production.

2. Appreciation of work and reward:

• When employees over-exceed production targets within the given time, that too economically and efficiently, they are honoured publicly i.e. before other staff.
• Such appreciation and reward system motivates the employees. This also motivates other employees to work hard and earn such awards.

3. Assigning of responsibility:

• To encourage the employees, officers assign special responsibility of giving training and direction to subordinates or others.
• When such responsibilities are assigned, the person who shoulders such responsibility feels confident and proud for his knowledge and achievement. This motivates him and he further motivates his juniors.

4. Advisor:

• When a worker has been working efficiently for quite a long time in the organization his rich experience and knowledge becomes invaluable.
• The organization seeks his advice in policy formulation as well as other strategic decision.
  The worker feels encouraged, confident and proud that he is an important part of the company.

5. Welfare activities and amenities:

• Organizations undertake various welfare activities and provide various amenities to employees. Medical services, canteen facility, library, leave- with-pay, sports, entertainment activities, training facility and many more such welfare facilities are given to employees.
• These inspire the employees and they work with enthusiasm and higher efficiency.

6. Other incentives:

Housing facility, life insurance, free education to children, books, transportation facility to pick up and drop from residence to place of work, etc. are several other incentives that the organization may provide to keep the employees motivated.