ECONOMICS
INCENTIVES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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non financial incentives
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financial incentives
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None of the above
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All of the above
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Detailed explanation-1: -Answer: Motivate employee. I hope my answer should be correct.
Detailed explanation-2: -Job security is one of the most essential Non-Financial Incentives that can ensure better performance from personnel within the company.
Detailed explanation-3: -Employee Participation-As per this incentive, allowing more participation of employees in policy and decision-making matters acts as an important non-financial incentive as it allows them to feel a part of the organisation through joint management committees, work committees, etc.
Detailed explanation-4: -What are non-financial incentives? Recognition for a job well done is the obvious answer, but that’s just good management. The idea behind non-financial incentives is that they are incentives, meaning they are known about in advance and so give employees a little something extra to work for.
Detailed explanation-5: -Hence the job enrichment is not an example of financial incentives.