Clarify ‘Job Enrichment’ and ‘Job Security’ as non-financial motivators.

Job Enrichment: Job enrichment means increasing the importance of work. Such a job should have (i) authority, responsibility, and a wide scope for challenges, (ii) there should be a need of higher knowledge and experience, (iii) the opportunities for personal development should be available, and (iv) there should be absolute freedom to take decisions. The employees feel proud of getting such a job. Thus, job enrichment enhances people’s interest in their work and they start getting motivated automatically.

Job Security: Job security is an important non-monetary motivator. Security of job means a feeling of permanence and stability. For example, if an employee has a sense of fear or insecurity in his mind that he can be removed from his job any time, he will never work wholeheartedly and this worry continues troubling him. On the other hand, if he has a feeling that his job is secure and permanent and he cannot be removed from his job easily, he will work without any worry and with an easy mind. Consequently, his efficiency increases. This is the reason why people prefer a permanent job with less salary to a temporary job with high or more salary.