Journal of Management Research and Analysis
  • Year: 2017
  • Volume: 4
  • Issue: 3

Monetary and non monetary incentives in LIC of India and its impact-a case study of Ranchi District

1Registrar, Dept. of Commerce & Business Management, Ranchi University, Ranchi

2Research Scholar, Dept. of Commerce & Business Management, Ranchi University, Ranchi

*Corresponding Author: Email: snigdhaghosh08@gmail.com

Online published on 3 April, 2018.

Abstract

The purpose of the study was to ensure the impact of monetary and non-monetary incentives on agents in LIC of India, Ranchi. To indicate the difference of employee attitudes related to job satisfaction and incentives on some demographical variables. The results of the study indicated that extra pay, bonuses, a The results showed a significant effect of both monetary and non-monetary incentives for better job performance and inducement pay had a positive linkage with motivation, performance, and satisfaction.

Keywords

Monetary incentives, Job satisfaction, Job motivation, Work performance