Non-financial incentives are factors other than money like status, recognition in the society and a sense of accomplishment. Such incentives include:
(i) Career Advancement Opportunity: Career advancement opportunity is a recognition or rise in status of an employee whose position is heightened by giving a higher role in decision-making. It refers to empowering employees by recognising their true potential and providing opportunities to them to oversee and take up more responsibilities in the organisation. These employees are also provided training to enhance their skills and knowledge that can be applied to meet organisational goals.
(ii) Job Security: Job security is an assurance that employees will be continuing gainful employment throughout their lives. Job security can be assured by signing the term of contractual agreement, collective bargaining employment or (prevailing) labour laws that can prevent arbitrary termination, job dismissal, unemployment and lockouts.