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प्रश्न
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.
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उत्तर
GyanPradhan is offering a financial incentive of fringe benefits.It includes housing, medical aid, education to the children over and above the salary.
Other examples of nonfinancial incentives are:
a. Co partnership-The employees are offered companies share at a price lower than the market price. The management may also allot a share in line of various incentive payable in cash. This would create a feeling of ownership in the employee and make them contribute to the organization's growth.
b. Retirement benefits-It includes pension, gratuity fund, retirement provident fund. It provides security for retirement as well as serves as an incentive for the time they have spent working in the organisation.
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संबंधित प्रश्न
Give an example of ‘Employee Recognition Programmes’ as a non-financial incentive.
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Read the following text and answer the following question on the basis of the same:
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The non-financial incentive that has been discussed in the above case is ______.
Which category includes incentives that are directly associated with money?
Which category includes incentives that satisfy psychological and social needs, not directly monetary?
Which financial incentive is a payment over and above the regular wage/salary?
Which non-financial incentive means the possibility of growth, promotion, and development within the organisation?
Formal acknowledgement of good performance through awards, praise, and appreciation is called:
Involving employees in decision-making processes is known as:
Giving employees greater authority and responsibility to take decisions is called:
Which needs are addressed by Financial Incentives?
Which needs are addressed by Non-Financial Incentives?
Which set contains only examples of Financial Incentives?
