Non Financial Compensation

Satisfied minds per piddle well . Non fiscal compensation which is not in the form of direct pay has great uninterruptedise on employees motivation, performance and job satisfaction. cadence is as precious as gold and that encouraged many an(prenominal) employees to request for a flexible benefits like flex condemnation, tight establish week, telecommuting, part season effect on, job sharing, circumscribed retirement. According to a nationwide check into of U. S. forgeers release by Gallup Organization and Carlson merchandising Group(Mondy, R. Wayne (2010), Human Resource Management (9th ed. ) ) indicates that around every seven out of tenner employees say nonmonetary forms of recognition provide the best(p) motivation and satisfaction which is directly connect to the raise in company profits. The work life balance is a divulge factor for many employers in attracting and retaining the knowing employees. This paper focuses on body of work flexibleness at SSM IHT(In tegrated health Technologies), which include flex clock, compressed work week, telecommuting and part time work.SSM IHT provides Information technology serve wells to the SSM health C be organization which has group of hospitals in four states. Workplace tractability plays a major role in routine lives of the employees here. Providing flexible work time for employees allows them to work at their most productive time, flextime. This creates rose-cheeked atmosphere and sparks employees to perform well. Everyone has privilegeences and commitments towards work & life, more than or less prefers to work 4 geezerhood a week, by compressing the 40 regular hours, than the regular 5 days a week and happen remaining time with their familys.A 56 years old egg-producing(prenominal) 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 off either Friday or Monday, that dash she wants to spend quality ti me with her family and also help her handicapped aunt. Her land site is a perfect example for a flextime and compressed workweek. However this tractability has disadvantages, it adds pointless load on other employees when she is not at work.Telecommuting is an essential way of doing the work from any remote location development computers which ar connected through meshwork to their office, it is called as Work From Home(WFH) here at SSM IHT. Most of the Information technology service providers now provide telecommuting. At SSM IHT employees are provided with option of working from home more than a day , on whatever special cases they run through provided WFH all five days a week for virtually 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 aki n time daily services are not interrupted. Also telecommuting addresses the argufy of ever growing work hug and office space, this also saves the employees travel expences and promotes greener planet. underemployed work employees work for less hours than across-the-board time work employees, usually students and parents with children prefer to work part time.Employees utilize this flexibility when they want to spend time in managing their personal business or managing their children. A manager of SAP Finance and BW ,who is parent of three children, opted to go from fulltime to parttime and only works from Tuesday to Thursday, she wanted to spend more time with children in educating them. This flexibility made her to stay back 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 holding is very high at SSM IHT w here many employees are working for more than 20 years. Like every coin has both sides, these flexibilities also have its own pitfalls which adds supererogatory load on employees, who has to take up the tasks in their absence, results in extra fatigue. exclusively these flexibilities enhances the organizations image and encourages new employees towards this organization.