Högskolan i Skövde

Incentives are a well-known concept which primarily are used to motivate, recruit and keep employees within the organization. Financial incentives are associated with monetary reward in exchange for an achieved goal or performance. Non-financial incentives are on the other hand associated with non-monetary rewards such as appreciation, to praise, responsibility, education and evolvement. This essay aims to create an understanding for how the start-up companies are using financial and non-financial incentives. We base our results from an owners perspective and are using five interviews with the CEO of each company. The questions had a focus within incentives as well as recruitment and to keep key competence. The result showed that the start-up companies are mainly using non-financial incentives and that they generally experience themselves to be competitive on the labour market. Though there is a lack of competence within programming in their trade and all respondents agree that the start-up companies is an underdog among the large and more established companies, in the competition of key competence. Since the previous studies within this subject is lacking, we hope to contribute with increased understanding of how start-up companies are using financial and non-financial incentives.