ECONOMICS
INCENTIVES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Organisational climate
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Promotion
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Transfer
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None of the above
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Detailed explanation-1: -Characteristics of ‘Organisational Climate’ that influence the behavior of individuals are: (i) Individual autonomy. (ii) Reward orientation. (iii) Consideration towards the employees.
Detailed explanation-2: -Empowerment means giving more autonomy and powers to subordinates. Empowerment makes people feel that their jobs are important. This feeling contributes positively to the use of skills and talents in the job performance.
Detailed explanation-3: -Job enrichment – Organisations can design jobs to involve higher knowledge and skill levels, greater responsibility and autonomy to motivate employees.
Detailed explanation-4: -Ans. Financial incentives refer to incentives which are in direct monetary form and serves to motivate people for better performance. Two financial incentives are: (i) Pay and allowances Salary is the basic monetary incentive for every employee.