Non-financial is any information that does not have a dollar value assigned to it - thus not able to be presented on financial statements themselves. These are usually linked to personal reasons behind an entrepreneur setting up a business. Non- financial motivation methods Non-financial techniques to improve employee performance: 1. delegation 2. consultation 3. empowerment 4. team working 5. flexible working 6. job enrichment 7. job rotation 8. job enlargement Non-financial 46. Non-financial incentives focus mainly on the fulfillment of these needs and thus cannot be measured in terms of money. Non-financial data can provide the missing link between these beneficial activities and financial results by providing forward-looking information on accounting or stock performance. Non-Financial Incentives. Satisfying these needs also plays an important role in their motivation. Non-financial company objectives also play an important role in improving the overall performance and turnover. Another form of non-financial risk would be political risk, if one is trading in securities that are sourced from a single country e.g. Non-financial aims and objectives are linked to anything other than making money for the business. These goals help even out a business’s strengths in areas like production quality, customer and employee satisfaction etc. These include objectives in relation to … Regardless of which theory of employee motivation is followed, the research studies on motivation conclude that interesting work, appreciation, pay, good working conditions, and job security are important factors in helping to motivate. Measures such as customer satisfaction, market share, category ownership , and new product adoption rate fall into the non-financial metrics. Non-financial techniques to improve employee performance 45. Read this article to learn about Employee Motivation: Financial and Non-financial Techniques of Staff Motivation! Apart from the monetary and future security needs, an individual also has psychological, social and emotional needs. Welfare of management. Management can, and do set objectives which are essentially about their own welfare. Common financial metrics include earnings, profit margin, average order value, and return on assets. commodities, or traded on a foreign exchange which may become unstable due to political turbulence. Non-financial objectives under this heading would include meeting defined delivery standards, product quality, reliability and after-sales service levels. Non-financial recognition is a method of identifying either individual employees or teams for particular praise or acknowledgement. Non-financial metrics are quantitative measures that cannot be expressed in monetary units. The size, scope and formality of non-financial recognition schemes vary tremendously. After the above analysis of the benefits and risks of financial motivational methods, it is worth exploring non-financial motivational methods from two aspects; namely, esteem needs and safety needs which had been advanced in Maslow’s hierarchy theory (Tutor2U, n d).