ECONOMICS
INCENTIVES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Status
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Job enrichment
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Bonus
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Employee progress
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Detailed explanation-1: -Beneficiaries like retirement provide financial security to employees after their retirement. A bonus is a financial incentive. It is given to an employee as a reward for his good performance.
Detailed explanation-2: -Non-financial methods of motivation involve motivating employees in ways that don’t involve money. Non-financial methods of motivation include job enlargement, job rotation, job enrichment, empowerment and training.
Detailed explanation-3: -Job security is a non-monetary benefit given to the staff.
Detailed explanation-4: -Stock options, profit sharing, raises, bonuses, and commissions, for example, are financial incentives.
Detailed explanation-5: -Flexible working. Give employees time to work on their own projects. Extra leave. Allow time to do volunteer work. One-on-one meetings. Give employees chance to show appreciation for each other. Reward employees with more responsibility. More items