ENTREPRENEURIAL OPERATIONS
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Motivational techniques
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Financial reward
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Non financial reward
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All the above
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Detailed explanation-1: -In addition to regular compensation, financial rewards are monetary incentives that an employee earns as a result of good performance. These rewards are aligned with organizational goals. When an employee helps an organization in the achievement of its goals, a reward often follows. All financial rewards are extrinsic.
Detailed explanation-2: -The correct answer is Incentive bonus. It is the term used for describing the payment of special compensation usually tied to performance. It is usually given to employees when they have achieved a target that is beyond their expected performance.
Detailed explanation-3: -Increase in Pay or a Raise. Incentive pay is any additional pay awarded to a worker or team based on performance. Piece-Rate Pay. Cash Rewards. Gift Cards. Profit Sharing. Retention Bonus. 02-Mar-2023