What benefits are of greatest value to employees and to the organization? Why?

1. What benefits are of greatest
value to employees and to the
organization ? Why?
Made By:-
Dhrumil Shah
SYBBA Div 2
Roll No.101

2. Types of Benefits
In general, there are two types of benefits or, we
can say, incentives provided by the organizations
to their employees.
1. Monetary Benefits
2. Non-monetary Benefits

3. Monetary Benefits
• Monetary benefits are those benefits that
are paid in monetary terms, i.e. Money.
• For example: Cash bonus on outstanding
performance or on festivals

4. Non-Monetary Benefits
• Non-monetary benefits are benefits you
receive that does not involve money.
• For example: Special parking space, or
challenging job

5. Preferred by Employees
• Employees with higher positions prefer non
monetary whereas employees with lower job
profiles prefer monetary benefits.
• Non-Monetary benefits include coveted parking
spaces, retirement plan, housing facilities,
cabins etc.
• Monetary benefits for lower level employees can
be allowances, bonus, commission, perks, etc.

6. Preferred by Organization
• Organizations prefer to fetch out non monetary
benefits as they don't want to loose funds on
these as it thinks benefits as expense.
• Also giving monetary benefits give employees
satisfaction for a shorter term compared to non-
monetary.