GK
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In an addition to regular compensation, ____ are monetary incentives that an employee earns as a result of good performance.
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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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Explanation:
Detailed explanation-1: -(b) Bonus. It is a sum of money offered to an employee over and above the salary or wages as a reward for his good performance.
Detailed explanation-2: -Incentives: Incentive is a reward paid in addition to wages whether monetary or not that motivates or compensates an employee for performance above the standard. Payment of incentive depends on productivity, sales and Profit of the organization.
Detailed explanation-3: -The purpose of monetary incentives is to reward associates for excellent job performance through money. Monetary incentives include profit sharing, project bonuses, stock options and warrants, scheduled bonuses (e.g., Christmas and performance-linked), and additional paid vacation time.
There is 1 question to complete.