A Study on Monetary and Non Monetary Incentives on Employee Performance | Original Article

ABSTRACT:

In spite of the fact that management is accountable for designing and implementing firm strategies, the ultimate responsibility for determining whether or not such strategies are successful lies with the employees who put those plans into action. For this reason, it is essential for management to have a knowledge of the factors that inspire workers to carry out their responsibilities and reach or surpass the expectations of management. It would be foolish to minimise the value produced by the company's personnel in light of PT XYZ's outstanding performance in the face of strong competition in the industry. PT XYZ may be able to better manage its employees if it takes into consideration the incentives it gives to its personnel and identifies which of those incentives have the most influence on the level of motivation exhibited by its workforce.