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nonmonetary
This term describes value or compensation that exists outside the realm of currency, focusing on intrinsic or experiential benefits. It is frequently employed in professional, legal, and economic contexts to distinguish between a salary and perks like prestige, autonomy, or time off.
In a corporate setting, the word carries a positive connotation of holistic employee well-being, suggesting that motivation can be driven by factors other than financial gain. It is a formal descriptor used to categorize assets or incentives that cannot be directly quantified in a ledger.
Meanings
Examples
The company offers several nonmonetary incentives to keep employees motivated.
I value the nonmonetary benefits of this job more than the salary.
Maybe a flexible schedule would be a good nonmonetary reward for the team.
The volunteer received nonmonetary recognition for her hard work.
We should consider nonmonetary ways to encourage student participation.
It is a nonmonetary exchange of services between two neighbors.
The prize was purely nonmonetary, consisting of a trophy and a certificate.
He realized that the most rewarding parts of the project were nonmonetary.
Can we offer some nonmonetary compensation for the inconvenience caused?
Can we offer some nonmonetary compensation for the inconvenience caused?