UNIT 7

FINANCIAL AND NON FINANCIAL

INCENTIVES
 • Refers to those incentives which are
in direct monetary form i.e. money
FINANCIAL or can be measured in monetary
terms.
INCENTIVE • Can be provided on individual or
S group basis and satisfy the monetary
and future security needs of
individuals
 Non- • focus mainly on the
financial fulfilment of these needs
and thus cannot be
incentiv measured in terms of
es money.