answersLogoWhite

0


Best Answer

In the context of a workplace, non-financial benefits are things that are perks of working at that company but aren't financial in nature. For example, a company may have a gym on-site that is free for employees. You're not receiving money in this situation, but it certainly can be a benefit.

This is not to say that non-financial benefits aren't important or could impact you financially. Using our example of the on-site gym, you may have instead spent $50/month on a gym membership and now that money can be used for other things -- essentially a reappropriation of funds that amount to a financial gain provided by your employer.

Many times the employer will choose to use what is called a "total compensation statement" to clearly demonstrate all of the financial and non-financial benefits you are given. It is important when deciding between multiple job offers to figure out which situation is most beneficial to you -- not just the total dollar amount!

User Avatar

Wiki User

17y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is non finance benefits?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What are the benefits to a welcome finance?

There are a lot of benefits to a welcome finance.First,you have that you can get personal and direct loans deposited straight to you,then you have your career and employment benefits when you have welcome finance.


Can you get done for lying about working on a finance form?

i got a car on finance for my dad whilst on benefits and lied that i w as working . benefits have found out & im being invesigated, what will happen??


What are the benefits that business managers can derive from public finance?

Check


What are the benefits of a household finance plan?

The benefits of a household finance plan include making sure there is enough money to last the month, no overdrawn checks, bills are paid on time, and there is food to eat.


Where can non finance managers find information about finance issues?

There are several websites that provide information and training on financial issues for non finance managers. Examples of these websites include Skill Path and Mind Tools.


Is muthoot finance is recogniged company by RBI?

Muthoot Finance Limited is a Non Banking Finance Company functioning under licence from the Reserve Bank of India.


What are the benefits of Robert Half Finance and Accounting?

The benefits of working for Robert Half Finance and Accounting is they personally interview you, and try to match you up with a job that is just right for you. They ask you about your past work history, and will help you to challenge yourself.


What are monetary and non monetary benefits?

monetary benefits is where you receive benefits as money, so special allowances or commissions. However, non monetary benefits are benefits you receive that does not involve money. For example: if someone works as a cleaner in a hotel; their non monetary benefit may be free uniform that is washed and cleaned for them.


is the MBA HR and Finance is a good combination?

i want to know which is best stream of mba finance or HR for non commerce student.


Do you capitalize finance?

In general, "finance" is not capitalized unless it is at the start of a sentence or part of a title. For example: "She works in the finance department" versus "Finance for Non-Finance Managers".


Non monotary benefits for sports announcers-vacztion time?

what are the benefits for sports broadcasters


Can non members attend Finance meetings in the United Methodist churches?

yes