The correct statement will be that the job incentives of Nick like increased salary, stock options and commission on sales are a forming part of monetary incentives.
Other incentives of Nick like flexible working schedule, friendly co-workers and reduced working hours are a forming part of non-monetary incentives as a marketing director.
What are Job Incentives?
Job incentives refer to the benefits other than fixed salary that an employee gets during his term of service at such organization, which is provided by the employer.
Monetary incentives are such incentives which are realizable and easily able to be liquidated in the form of money or cash which are derived by the employee.
Non-monetary incentives are such incentives which an employee derives during his or her terms of service at such organization which cannot be realized in the form of money.
The best distinction that can be made between the monetary and non-monetary benefits of an employee is that monetary benefits are tangible in nature and others are intangible in nature.
Hence, the job incentives derived by Nick in his terms of service as marketing director of sporting goods company can be classified as provided in the image attached herewith. Please refer to the image.
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