A STUDY ON IMPACT OF MONETARY AND NONMONETARY INCENTIVES ON EMPLOYEE MOTIVATION IN IT SECTOR

Abstract

Incentives are the additional benefits provided to the employees in organization for their services. They may be in the form of financial and non-financial benefits. Monetary incentives includes bonus, wages, pension, perquisites, etc. Non-monetary includes medical facilities, housing rent, educational allowance and so on. The main objective of the study is to discuss the impact of monetary and non-monetary incentives on employee’s motivation in IT Sector. The data has been collected through well-structured questionnaire. Both primary and secondary data were taken as the source