non-monetary

(noun)

Payment in the form of benefits, flex-time, time off, free or discounted parking, gym membership discounts, retirement plans, mentoring, tuition assistance, child care, or other non-cash option.

Related Terms

Examples of non-monetary in the following topics:

  • Non-Monetary Employee Compensation

    • Non-monetary benefits are essential to attracting a productive workforce.
    • It is standard practice in U.S. culture to offer basic non-monetary benefits to full-time, permanent employees.
    • Companies also use non-monetary benefits to increase and maintain employee morale and satisfaction.
    • Employers have several options with respect to non-monetary compensation.
    • The largest category of non-monetary compensation includes benefits.

  • Positive Reinforcement

    • For example, monetary rewards may include cash, branded merchandise, or non-cash rewards that have a high trophy value, such as employee of the month awards , gift cards/certificates, merchandise, or travel.
    • Non-cash rewards may include flexible work hours, payroll or premium contributions, training, health savings or reimbursement accounts, or even paid sabbaticals.

  • Management in Different Types of Business: For-Profit, Non-Profit, and Mutual-Benefit

    • In contrast, a non-profit organization is legally prohibited from making a profit for owners.
    • Non-profits' lack of free-flowing capital means they rarely have the resources to staff the organization sufficiently.
    • In this scenario, managers often reach out to individuals passionate about the organization's mission to contribute through monetary donations or volunteer hours.
    • A mutual-benefit non-profit corporation can be non-profit or for profit.
    • This strategy cannot work for a non-profit or mutual-benefit corporation.

  • Monetary Employee Compensation

    • Monetary compensation can be either guaranteed (base) pay or variable pay and positively correlates with job satisfaction.
    • Monetary compensation includes both guaranteed (base) and variable pay.
    • Variable pay is a monetary reward that is contingent on discretion, performance, or results achieved.
    • Identify the different cash compensation models (i.e., guaranteed and variable) and the behavioral implications of using monetary compensation

  • The Importance of Productivity

    • Real process and production process are often seen as focal points in efficiency, but monetary concerns and market value are also very important.
    • The price of coffee beans in dollars is therefore an enormous monetary risk for the company because resource scarcity could raise its expenses exponentially.
    • Monetary and market value processes - Monetary process refers to financing a business and the inputs of production.

  • The Importance of Accountability

    • As an aspect of governance, accountability has been central to discussions related to problems in the public, non-profit, and corporate sectors.
    • One emblematic problem in the global context is that of institutions such as the World Bank and the International Monetary Fund, which are founded and supported by wealthy nations and provide aid in the form of grants and loans to developing nations.

  • Employee Compensation and Benefits

    • Guaranteed pay—Monetary compensation paid by an employer to an employee based on employee/employer agreements.
    • Variable pay—Monetary compensation paid by an employer to an employee on a discretionary basis.

  • Types of Communication: Verbal, Written, and Nonverbal

    • There are three main vehicles for communication: verbal, written, and non-verbal.
    • The most common vehicles for communication are oral, non-verbal, written, and electronic.
    • Written communication can include non-verbal elements like handwriting style, spatial arrangement of words, or the format and physical layout of a page that can effect how it is understood.
    • Argyle concluded there are five primary functions of non-verbal bodily behavior in human communication:
    • Humans communicate interpersonal closeness through series of non-verbal actions known as immediacy behaviors.

  • Technology as a Driver and Enabler of Innovation

    • This theory of innovation economics notes that the neoclassical approach (monetary accumulation driving growth) overlooks the critical aspect of the appropriate knowledge and technological capabilities.

  • Equity Theory

    • Depending upon the organizational structure and its distribution of authority, the decision to provide monetary compensation for a strong work deliverable is not always in the hands of an employee's direct manager.