2.4.7—Non-financial rewards
- Syllabus
- First assessment 2024
- Objective
- 2.4.7
- Level
- HL
Non-financial rewards include recognition, responsibility, development, flexible work and a supportive environment. They can improve intrinsic motivation and retention when they meet a real employee need.
Select the reward that changes the relevant experience: autonomy for ownership, development for progression, recognition for contribution, or flexibility for work–life constraints.
Offering a skilled analyst ownership of a client dashboard may motivate more than a generic “employee of the month” award.
Non-financial does not mean cost-free, and the same reward will not fit every employee or role.
Job rotation moves employees among tasks to build variety and breadth; job enlargement adds tasks at a similar responsibility level; job enrichment adds autonomy, challenge and responsibility. Empowerment grants authority to make decisions. Purpose or the opportunity to make a difference connects work to valued impact, while teamwork can add belonging, mutual support and shared problem-solving. Choose the mechanism that addresses the actual need: adding more routine tasks is enlargement, not enrichment, and may increase workload without increasing motivation.