ECONOMICS
ECONOMIC SYSTEMS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
something that makes someone want to do something or work harder.
|
|
|
An increase in production
|
|
|
extra money offered to those employees who work extra hours on a project.
|
|
|
tasks performed by people, not machines
|
Detailed explanation-1: -Employee incentives are monetary or non-monetary (but still tangible) rewards, like points or gift vouchers, designed to motivate and engage employees. Striving for ambitious goals, managing tight deadlines, or improving efficiencies are all scenarios in which an incentive could be a valuable investment for a company.
Detailed explanation-2: -An employee incentive is any program or reward introduced in the workplace to encourage employee performance and stimulate productivity. Although incentives can be physical objects of value or material goods, there are also many instances in which the incentives being offered are actions or intangible rewards.
Detailed explanation-3: -What does incentive mean? Incentive refers to something that motivates someone to do something. In the context of executive compensation, it is usually a financial reward given to executives to encourage them to work harder and achieve specific goals.
Detailed explanation-4: -Compensation incentives. Compensation incentives tend to cover some of the more basic incentive options. Recognition incentives. Reward Incentives. Appreciation incentives.