GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Goals
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Participation
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Effective leadership
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All of the above
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Detailed explanation-1: -Non-Financial Incentives: are such incentives, which fulfills psychological, social and emotional need of the People. These are not in monetary form or are not measurable in monetary form. Examples: Status, Employee recognition program, Job enrichment etc.
Detailed explanation-2: -Most types of non-financial incentives fall into four buckets: recognition, reward, opportunity, and flexibility.
Detailed explanation-3: -The other three options as given in the question, that is, promotion, job security and employee participation are non-financial incentives that focus on psychological and social needs of the employees.
Detailed explanation-4: -The incentive is a positive motivational influence on a person that helps improve his performance. Thus, it can be said that all the measures taken by the management to improve the performance of its employees are incentives. The incentives can be broadly classified as financial incentives and non-financial incentives.
Detailed explanation-5: -Appreciation – Giving due recognition for an employee’s work encourages them to be more diligent and dedicated towards their job. Promotion – An employee’s current designation reflects their position in the organisational chart. More items