IMPACT OF NON-FINANCIAL COMPENSATION ON EMPLOYEE MOTIVATION

Abstract

The purpose of this study is to understand the impact of non-financial compensation on employee motivation. Non-financial rewards are non-monetary gains that influence people through non material rewards and are not a part of an employee's pay. This paper shows the impact of non-financial rewards such as learning, work balance, and career advancement on employee motivation. The study established a positive relationship between non-financial rewards and employees’ performance. The study adopted a casual research design that focused on Riara university faculty staff the total number of members of interest was 76. The study used primary methods of obtaining data which include an online questionnaire that contained closed-ended questions. Data were analyzed using the feedback based on the reward on the questionnaire. The study found out that the employees were allowed to do further studies on their careers, they experienced employee coaching and organizational career planning. They were given enough time to spend with their families which include weekends and holidays. The study found out that employees were relieved of duties to attend training. Also, the study found out that employees were recognized in public for their good work. The study found out that career advancement helped employees performance .The study finally concluded that work-life balance, career advancement, and learning are good tools that managers can use to motivate employees. It is concluded that the Riara faculty employees place a high value on non-financial rewards. The results can benefit the C.E.Os, M.Ds, and policymakers of organizations. Institutions such as R.U face a highly competitive environment therefore should adopt non-financial rewards to maintain and motivate employees