Types of motivation: Based on incentives motivation can be classified into two categories. There are:-
Financial motivation: Employee can be motivated financial by offering the following financial incentive:
- Fair wages.
- Bonus
- Financial security
- Advance
- Accommodation facility
- Transformation facility
- Education facility
- Training
- Rationing facility
- Increase salary
- Entertainment facility
- Reward
Non-financial motivation: Employees can be motivated without providing monitory facilities by offering following non-financial incentives:
- Fair working environment.
- Praise for outstanding performance
- Good relationship
- Fair treatment
- Goodwill of the organization
- Participation in decision making
- Enjoyable work
- Well management
- Participation in ownership
- Good communication
