As a Senior HR Professional, you should be familiar with non-monetary rewards that your company provides for its employees. Which of the following is an example of non-monetary reward?

Non-monetary rewards are components of a total rewards system that do not involve direct cash payments to employees. An on-site cafeteria is a tangible perquisite, or "perk," that a company provides to enhance the work environment and employee well-being. While this benefit has a financial cost to the employer, it is not given to the employee as cash. It is a form of indirect compensation and is a classic example of a non-monetary reward, alongside other benefits like employee wellness programs, on-site fitness centers, or flexible work arrangements.

A. Satisfaction from challenging assignments is an intrinsic reward—a psychological outcome—not a tangible reward provided by the company.
B. Esteem from working with talented people is also an intrinsic, psychological reward derived from the work environment.
C. Cash compensation is the primary form of a monetary reward and is the direct opposite of a non-monetary reward.

1. Milkovich, G. T., Newman, J. M., & Gerhart, B. (2019). Compensation (12th ed.). McGraw-Hill Education. Chapter 1, "The Pay Model," distinguishes between direct cash compensation and indirect benefits/perquisites, classifying items like on-site services as part of the total rewards package but not direct pay (p. 10-12).

2. WorldatWork. (2015). The WorldatWork Total Rewards Model: A Framework for Strategies to Attract, Motivate and Retain Employees. This foundational model in compensation studies includes "Work-Life Effectiveness" and "Recognition" as key non-monetary components, with programs like on-site conveniences (e.g., cafeterias) falling under this umbrella.

3. Martocchio, J. J. (2020). Strategic Compensation: A Human Resource Management Approach (10th ed.). Pearson. Chapter 1, "Strategic Compensation: A Component of Human Resource Systems," discusses non-monetary rewards as part of a total compensation system, including protection programs, paid time off, and services like on-site cafeterias (p. 7).