Non Financial Compensation

Satisfied minds perform well . Non Financial compensation which is non in the form of direct pay has great influence on employees motivation, performance and job satisfaction. Time is as precious as property and that encouraged many employees to request for a conciliatory benefits like flextime, plane work week, telecommuting, part time work, job sharing, modified retirement. According to a nationwide survey of U. S. workers release by Gallup Organization and Carlson Marketing Group(Mondy, R. Wayne (2010), charitable Resource Management (9th ed. ) ) indicates that nearly e precise seven out of cardinal employees say nonmonetary forms of recognition depart the best motivation and satisfaction which is at a time related to the raise in company profits. The work life balance is a key factor for many employers in attracting and retaining the talented employees. This account focuses on workplace flexibility at SSM IHT(Integrated health Technologies), which include flextime, cro cked work week, telecommuting and part time work.SSM IHT provides Information technology serve to the SSM Health Care organization which has group of hospitals in quartette states. employment flexibility plays a major role in daily lives of the employees here. Providing flexible work time for employees allows them to work at their most productive time, flextime. This creates well-informed atmosphere and motivates employees to perform well. Everyone has preferences and commitments towards work & life, some prefers to work 4 geezerhood a week, by compressing the 40 regular hours, than the regular quintuplet days a week and travel by remaining time with their familys.A 56 years old female employee at SSM IHT starts her work daily at 6am and ends day at 5pm, she works 10 hours a day for four days in a week and takes a day hit either Friday or Monday, that appearance she wants to spend quality time with her family and in like manner help her handicapped aunt. Her situation is a perfect example for a flextime and compressed workweek. However this flexibility has disadvantages, it adds extra load on early(a) employees when she is not at work.telecommuting is an essential way of doing the work from any remote control location using computers which are connected through internet to their sanction, it is called as Work From Home(WFH) here at SSM IHT. Most of the Information technology good providers now provide telecommuting. At SSM IHT employees are provided with option of working from shell more than a day , on some special cases they possess provided WFH all five days a week for some employees. Telecommuting provides more flexibility and encourages employees to have work-life balance.Mainly during disasters and bad weathers SSM encourages employees to stay home and work, that way safety of the employees are addressed effectively by the organization and at the same time daily services are not interrupted. alike telecommuting addresses the challenge of e ver growing work force and office space, this also saves the employees travel expences and promotes greener planet. Part-Time work employees work for less hours than exuberant time work employees, usually students and call forths with children prefer to work part time.Employees utilise this flexibility when they want to spend time in managing their personal vexation or managing their children. A manager of SAP Finance and BW ,who is parent of three children, opted to go from fulltime to part-time and only works from Tuesday to Thursday, she wanted to spend more time with children in educating them. This flexibility made her to stay anchor at this organization. In Summary, Non monetary benefits like workplace flexibility provide satisfaction and motivate employees at SSM IHT to perform well which increases the productivity.Due to these flexibilities employee retention is very high at SSM IHT where many employees are working for more than 20 years. Like every coin has two sides, these flexibilities also have its receive pitfalls which adds extra load on employees, who has to take up the tasks in their absence, results in extra fatigue. But these flexibilities enhances the organizations image and encourages new employees towards this organization.