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Journal of Management Research and Analysis

Monetary and non monetary incentives in LIC of India and its impact – a case study of Ranchi District

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Author Details: Amar Kumar Chaudhary, Snigdha Ghosh

Volume : 4

Issue : 3

Online ISSN : 2394-2770

Print ISSN : 2394-2762

Article First Page : 112

Article End Page : 116


The purpose of the study was to ensure the impact of monetary and non-monetary incentives on agents in LIC of India, Ranchi. To indicate the difference of employee attitudes related to job satisfaction and incentives on some demographical variables. The results of the study indicated that extra pay, bonuses, a The results showed a significant effect of both monetary and non-monetary incentives for better job performance and inducement pay had a positive linkage with motivation, performance, and satisfaction.

Monetary incentives, Job satisfaction, Job motivation, Work performance