Question

Distinguish between monetary and non-monetary incentives.

Answer 1

The differences between monetary and non-monetary incentives are :

$\begin{array}{cc}\text{Monetary}& \text{Non-monetary}\\ \text{These incentives are those}& \text{These incentives are those which}\\ \text{which are provided in terms of money.}& \text{are provided to safisfy the social}\\ & \text{and psychological needs}.\\ \text{These incentives include}& \text{These incentives include}\\ \text{co-partnership, bonus}.& \text{job security,status, promotion},\\ \text{profit sharing}.& \text{recognition. etc}.\end{array}$