Non- Financial Reward Management And Performance In Organizations: A Theoretical Analysis
Non- Financial Reward Management And Performance In Organizations: A Theoretical Analysis

Summary/Abstract: This paper examined Non – Financial Reward Management and Performance in Organizations: A Theoretical Analysis. The paper analyzed reward management; financial and non-financial rewards, John Stacy Adams Equity Theory of Motivation, the relationship between non – financial rewards and performance, challenges/ potential pitfalls of using non-financial rewards in organizations and thus offers a number of positive results/benefit as well as the challenges which non – financial rewards bequeath/pose to organizations. The use of non – financial rewards in organizations achieves more than higher productivity and efficiency of employees, but also contributes to work motivation by motivating most workers more than extrinsic rewardsit also contributes in terms of being a powerful retention strategy for any organization, increased job satisfaction, increase in the organizations reputation, more energy and team spirit in the workplace and also makes the organization more attractive to potential new recruits.

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