Non-Economic incentives are non-financial rewards that motivate individuals by offering recognition, career growth, and personal fulfillment.
Examples of Non-Economic Incentives:
Appreciation: Public acknowledgment or awards for achievements.
Status: Titles, promotions, or roles that elevate an individual’s standing.
Professional Development: Opportunities for learning, training, and career advancement.
Why Other Options Are Incorrect:
A: Economic incentives involve direct financial rewards.
B: Contractual incentives pertain to obligations within formal agreements.
C: Personal incentives focus on individual preferences but are not synonymous with non-economic incentives.
[References:, OCEG GRC Capability Model: Highlights non-economic incentives in promoting employee satisfaction., Employee Engagement Strategies: Discuss non-financial motivators like recognition and development., , , ]
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