Rewards and incentives given to employees that are not financial in nature,including intrinsic rewards received from the job itself or from the work environment,are called _______________ .

Question

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Nonfinancial compensation refers to rewards and incentives beyond direct financial compensation. This includes intrinsic rewards such as job satisfaction, meaningful work, and work-life balance, as well as extrinsic rewards such as recognition, praise, and opportunities for development and advancement. Secondary financial compensation refers to benefits such as health insurance or retirement plans, but these are still considered financial in nature. Indirect financial compensation refers to the potential financial benefits of a job, such as the opportunity for bonuses or commissions, but it is not a form of nonfinancial compensation.

Rewards and Incentives Given to Employees That Are Not Financial