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What is meant by financial incentives?

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प्रश्न

What is meant by financial incentives?

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उत्तर

Financial incentives refer to incentives that are in direct monetary form or measurable in monetary terms and serve to motivate people for better performance. These incentives may be provided on an individual or group basis.

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2021-2022 (March) Term 2 - Outside Delhi Set 1

संबंधित प्रश्न

Give any two characteristics of ‘Organisational Climate’ that influence the behaviour of individuals and act as a non-financial incentive?


A reputed hostel, GyanPradan provides medical aid and free education to children of its employees. Which incentive  is being highlighted here? State its category and name any two more incentives of the same category.


Which of the following is a financial incentive


CPA Services CEO, Abhishek Nigam' s compensation includes salary, commission and other allowances. The company also pays for his insurance and vacations. Identify one indirect payment being made by the company to the CEO


Agrima, Arunima, and Avika are pursuing MBA from a reputed institution. Now it is the time for their placement.

Agrima wants to work in a company that would provide her more authority for fulfilling her duties and will give recognition, rewards, perquisites, and prestige of the job.

Arunima wants to work in an organization in which the behaviour of individuals is influenced by characteristics like autonomy, reward orientation, consideration of employees, risk-taking, etc.

Avika wants to join an organization that has appropriate skill development programs and a sound promotion policy that encourages employees to exhibit improved performance.

Identify and state the incentives about which Agrima, Arunima, and Avika are talking.


State any two financial incentives.


Gitanjali Makan is a successful business leader. She believes that if jobs are made interesting by including greater variety of work content and providing a meaningful work experience, the jobs themselves become a source of motivation to individuals.

The non-financial incentive that has been discussed in the above case is ______.


Keshav Bannerjee is the Chief Executive Officer (CEO) of 'Das Networking Ltd.’, a leading IT company in Bengaluru. He believes that if needs of employees are taken care of, the employees take good care of the customers. In this company various benefits are provided to the employees to help them meet their ‘medical and housing needs etc., while in job. It is also providing benefits like gratuity at the time of their retirement. The employees are provided various opportunities to attend skill development programmes to improve their skills and be promoted to the higher level jobs. Identify and state the three incentives offered by the company in the above para to improve the performance of its employees. 


Which category includes incentives that are directly associated with money?


Which incentive gives employees the option to buy shares of the company, making them part-owners?


Provident fund, pension, and gratuity are benefits included under which financial incentive?


Making the job more interesting and challenging to increase employee satisfaction is known as:


Involving employees in decision-making processes is known as:


What is the nature of Financial Incentives?


What is the nature of Non-Financial Incentives?


Which set contains only examples of Non-Financial Incentives?


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