4. Identify examples of financial and non-financial rewards?

Financial rewards refer to financial benefits and payments to employee provided recognition of their performance and contribution.

Examples of Financial Rewards are:

·         Basic salary

·         Performance Bonus

·         Overseas allowance

·         Travelling allowance

·         Pension scheme

·         Personal accident scheme

·         Medical scheme

·         Profit sharing scheme

·         Car grant

·         Company car

·         Refund of leaves

Non – financial rewards are any remuneration to a worker other than extra pay.

Examples of Non-financial rewards are:

·         Praise for good work

·         Recognition

·         Job autonomy