This paper reviews the literature to highlight the prominence of nonfinancial rewards for employee’s job satisfaction that directly affect the organization success. We have scrutinized the significance of various rewards for employee’s satisfaction and performance. It has been found that alongside the importance of financial rewards i.e. salary, fringe benefits, bonuses and life insurance the employees also anticipate various non-financial rewards such as; job recognition, decision making, and appreciation from the organization. The impact of non-financial rewards is instrumental in enlightening the employee's morale and enhance their satisfaction level. The current research has valuable implications for both academicians and employers with an interest in considering and knowing how non-financial rewards can influence the satisfaction level of employees within organization.
Keywords: Job Satisfaction, Non-Financial Benefits, Education Institutions