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Home > QFINANCE Dictionary > Definition of non-financial incentive scheme

Definition of

non-financial incentive scheme

Finance

UK program rewarding performance other than with money in the United Kingdom, a program offering benefits such as additional paid vacations, set up to reward employees for improved commitment and performance and as a means of motivation.

Related definitions of "non-financial incentive scheme"

non-financial incentive scheme - Related Articles

  • Yet Another Nail in the Final Salary Scheme Coffin

    Viewpoints

    From the employee’s perspective a DC scheme is almost always seen as a lesser one. However, if the pension scheme is genuinely threatening the viability of the company, the employee has the incentive of knowing that the switch could mean the difference between having a job or having no job.
    By Tony Clare

  • Enhance Competitive Performance via Critical Key Performance Indicators (KPIs)

    Best Practice

    organizational, as well as employee performance. A PMS develops key performance indicators (KPIs), or metrics, depending on the nature and activities of the organization. KPIs can serve as the cornerstone of an organization’s employee incentive schemes. KPIs are used as guidelines and incentives to facilitate
    By Zahirul Hoque

  • Employee Stock Options

    Best Practice

    Holders of employee stock options have an incentive to act in a way that increases the value of the options. The fair value of employee stock options is, as described above, sensitive to the company’s stock price, the expected volatility of the stock, and the dividends expected to be paid on the stock during the life of the options. Employees may act, through enhanced performance, to increase company performance, and that in turn may be reflected in the stock price
    By Peter Casson

  • Executive Rewards: Ensuring That Financial Rewards Match Performance

    Best Practice

    The decision of where to be in the market is a matter for corporate policy (for example, at the market median, or the upper quartile rate), reflecting labor market pressures and attraction and retention strategies. Short-term incentives are usually annual bonus schemes. Long-term incentive plans
    By Shaun Tyson

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Definitions of ’non-financial incentive scheme’ and meaning of ’non-financial incentive scheme’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’non-financial incentive scheme’ and other financial terms with our online QFINANCE Financial Dictionary.

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