What compensation term refers to non-monetary awards given to recognize employee performance, such as ‘Employee of the Month’ plaques or public praise?

Explanation

• Non-Financial / Intrinsic Rewards include recognition awards, praise, flexible working hours, and career development opportunities.
• Extrinsic Rewards encompass direct monetary pay, bonuses, and fringe benefits.
• Perquisites (Perks) are special executive privileges (e.g., executive dining, company jet).