compensating differences in wages, pay workers for: differences in the nonmonetary characteristics of jobs.
Non-monetary job characteristics incorporate job security, the kind disposition of colleagues, the degree of regard given by one's chief, etc. While non-monetary job characteristics have worth, they might be troublesome or difficult to evaluate.
Non-monetary Factors:
1. Status:
A worker is spurred by better status and assignment. Associations ought to extend employment opportunity titles that convey the significance of the position.
2. Appreciation and acknowledgment:
Representatives should be valued and sensibly made up for every one of their accomplishments and commitments.
3. Balance between fun and serious activities:
Representatives ought to be in a situation to adjust the two significant fragments of their life — work and life. This equilibrium causes them to guarantee the nature of work and life. A decent worker is a propelled representative.
4. Assignment:
Assignment of power advances devotion and responsibility among workers. Workers are fulfilled that their boss has confidence in them and this rouses them to perform better.
5. Working circumstances:
Sound working circumstances, for example, appropriate ventilation, legitimate lighting and appropriate sterilization further develop the work execution of representatives.
6. Job improvement:
This gives workers additional difficult undertakings and obligations. The job of the representative turns out to be more significant and fulfilling.
7. Job security:
This advances worker association and better execution. A worker ought not be saved on a transitory reason for an extensive stretch.
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