Non-financial rewards are also called fringe benefits, which may include:
- discounts on the firm’s products.
- free accommodation
- health care paid
- company vehicle
- free trips
Job satisfaction is the enjoyment derived from feeling that you have done a good work. There are several ways in which a business can increase the job satisfaction of its employees:
Job enlargement
Job enlargement involves adding similar tasks to a job. In job enlargement, the job itself remains essentially unchanged. However, by widening the range of tasks that need to be performed, hopefully the employee will experience less repetition and monotony.
A possible negative effect is that job enlargement can be viewed by employees as a requirement to carry out more work for the same pay!
Job rotation
Job rotation involves the movement of employees through a range of jobs in order to increase interest and motivation.
Job rotation may offer the advantage of making it easier to cover for absent colleagues, but it may also reduce productivity as workers are initially unfamiliar with a new task. Job rotation also often involves the need for extra training.
Job enrichment
Job enrichment attempts to give employees greater responsibility by increasing the range and complexity of tasks they are asked to do and giving them the necessary authority. It motivates by giving employees the opportunity to use their abilities to the fullest. Successful job enrichment almost always requires further investment in employee training.
Teamworking
This is where a group of workers is given responsibility for a particular process, product or development. They can decide as a group how to complete the tasks or organise the jobs. The workers can become more involved in the decision making and take responsibility for this process. This gives a feeling of control over the jobs and the employee feel more committed, therefore increasing job satisfaction.
