Professional Documents
Culture Documents
2: achievement
3: boost staff morale
4: recognition
5: improve performance
6: incentive schemes
7: benefit
Non-cash incentives
Foster company loyalty
Annual bonuses
Incentives can be material benefits & non-material
benefits
M N N
N M M M N
M M N N
N N M M
PERSONAL DEVELOPMENT
VS
PROFESSIONAL DEVELOPMENT
PERSONAL DEVELOPMENT PROFESSIONAL DEVELOPMENT
• Non- material Benefit • Material Benefit
• Example: You are an accountant • Example: You are an accountant and
and your company gives you your company gives you workshops
and courses and diplomas in CPA,
free workshops in gardening, MBA, Accounting, Public Relations
music, painting, dancing, etc.
cooking etc. • Aim: to enhance the efficiency and
• Aim: to boost the morale of the upgrade the skills of the staff. It is a
staff/ to foster loyalty/ to material benefit because this type of
increase staff satisfaction. development is an added value to the
CV of the staff.
Appreciation
Incentive
Bonus
Morale
Commission
Fulfilment
Loyalty
Is anyone coming in tomorrow?