• Avantika Shivhare

The aim of this study is to find how different incentives affect employee satisfaction. In the study, the effects of recognition, participation, feedback, financial incentives, non-financial incentives and benefits on employee satisfaction are studied. It is found that different incentives have different effects on performance and job satisfaction. Incentives effect on employee satisfaction is studied through critical literature review and interview research. On the basis of the literature review, it seems that all the incentives whether financial or non-financial are important but they have different meanings for every employees. Indeed it seems that there are two different aspects in rewarding. These two aspects are effectiveness and humanity. Effectiveness aspect which is directly linked to the financial incentives means that employees feel that they are justified to get financial incentives because they are putting that much extra effort on work. For the humanity aspect which is linked with non financial incentives, it is important that employees feel that employer is interested in employees, their work and well-being. The rewarding of the humanity aspect is much more important in creating and increasing job satisfaction whereas the rewarding of the effectiveness aspect affects performance in a different way. Hence, different types of incentives(financial and non financial) have different effects on performance and employee satisfaction. However, it is important to notice that these aspects complement each other.

Incentive, Financial and Non Financial Incentives, Employee Satisfaction

"Measuring Employee Satisfaction Towards Financial As Well As Non-Financial Incentives: An Empirical Study In The Hotels Of Dehradun.", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 5, page no.253-260, May-2019, Available :http://www.jetir.org/papers/JETIR1905743.pdf

"Measuring Employee Satisfaction Towards Financial As Well As Non-Financial Incentives: An Empirical Study In The Hotels Of Dehradun.", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 5, page no. pp253-260, May-2019, Available at : http://www.jetir.org/papers/JETIR1905743.pdf