Relating to or denoting something that does not involve or relate to money or financial gain. It encompasses aspects beyond monetary value, focusing instead on aspects such as personal satisfaction, emotional well-being, social impact, and the fulfillment of intangible needs. This can include rewards, benefits, considerations, or damages that are not calculated or measured in terms of currency, but still hold significant value. The term is often employed in legal, economic, and social contexts to distinguish factors beyond financial transactions and incentives. It emphasizes the significance of motivations, outcomes, and impacts that go beyond purely monetary concerns.
Non-pecuniary meaning with examples
- The volunteer's decision to help was driven by non-pecuniary rewards such as the satisfaction of contributing to their community and the feeling of making a difference in people's lives. They found this far more valuable than any monetary compensation.
- A settlement may include non-pecuniary damages awarded to compensate for emotional distress or loss of enjoyment of life caused by an injury or accident. These aren't easily quantifiable but represent significant impacts.
- While the company offered financial incentives, the employee's commitment stemmed primarily from non-pecuniary benefits like flexible work arrangements, a supportive work environment, and opportunities for professional growth and learning.
- The government's policies aimed to foster non-pecuniary benefits such as improved public health and educational attainment, viewing these as equally important aspects of national well-being as financial gains.
- The researchers analyzed the non-pecuniary factors that influenced the adoption of new technologies, exploring the role of ease of use, user satisfaction, and social acceptance in promoting widespread utilization.