“EFFECT OF FINANCIAL AND NON FINANCIAL INCENTIVES ON EMPLOYEES

PRODUCTIVITY”

SYNOPSIS SUBMITTED IN THE PARTIAL FULFILMENT OF THE COURSE TITLED –

HUMAN RESOURCE MANAGEMENT

SUBMITTED TO – SUBMITTED BY -
Ms. KRITI ABHIJEET KUMAR
TEACHER ASSOCIATE COURSE: B.B.A.LL.B.(Hons.)
ROLL No. – 2003
SEMESTER – 1st

CHANAKYA NATIONAL LAW UNIVERSITY

NYAYA NAGAR, MITHAPUR, PATNA- 800001

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INTRODUCTION

Incentives are a kind of appreciation paid to employees for their hard work. It’s a variable reward
paid to employees for their outstanding performance. Sometimes it is of some monetary value
which can also be referred as financial incentives. Sometimes it’s nonmonetary which can also
be referred as nonfinancial incentives.
Financial incentives are monetary benefits paid to an employee in recognition of his/her
outstanding performance. Nonfinancial incentives are motivation such as recognition of
employee’s hard work, praising their work these incentives encourages employees at a moralistic
manner which is as necessary as one’s financial needs. These incentives motivates employees to
put in extra effort and achieve higher targets than standard one’s and thereby they end up being
more productive. Which directly increases the productivity of an organization.

AIMS AND OBJECTIVES

The main objective researcher aims to achieve through this project is to study how financial and
nonfinancial incentives increases employee’s productivity.

RESEARCH QUESTIONS
What are incentives?
Scope of financial incentives?
Scope of nonfinancial incentives?
How incentives effect employee’s productivity?
Effects of incentives on organization productivity?

HYPOTHESIS
The researcher believes that there is a positive impact on employee’s productivity of financial
and nonfinancial incentives.

RESEARCH METHODOLOGY
The researcher will be relying upon Doctrinal method of research to complete this project.

TENTATIVE CHAPTERIZATION

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1) Introduction
2) Incentives
3) Financial incentives
4) Scope of financial incentives & effects on employees productivity
5) Nonfinancial incentives
6) Scope of nonfinancial incentives & effects on employees productivity
7) Effects of incentives on organization’s productivity.

SOURCE OF DATA:
The researcher used secondary sources of data to complete this rough draft.

BIBLIOGRAPHY
The following sources were used by researcher to complete this rough draft –
Human Resource Management; K Aswathappa , 8th Edition