Page 4 - Microsoft Word - Home assignment 19 Directing Meaning Importance

though promotion involves payment of extra money, non-monetary

aspects over-ride monetary aspects.

Some of the important non-financial incentives are discussed

below:

(i) Status: In the organizational context, status means ranking of

positions in the organization. The authority, responsibility,

rewards, recognition, perquisites and prestige of job indicate

the status given to a person holding a managerial position.

Psychological, social and esteem needs of an individual are

satisfied by status given to their job.

(ii) Organizational Climate: Organizational climate indicates the

characteristics which describe an organization and distinguish

one organization from the other. These characteristics

influence the behavior of individuals in the organization. Some

of these characteristics are–individual autonomy, reward

orientation, consideration to employees, risk-tasking etc., If

managers take positive measures regarding these aspects, it

helps to develop better organizational climate.

(iii) Career Advancement Opportunity: Every individual wants to

grow to the higher level in the organization. Managers should

provide opportunity to employees to improve their skills and