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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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संबंधित प्रश्न
Give an example of ‘Employee Recognition Programmes’ as a non-financial incentive.
Read the following text and answer the following questions on the basis of the same:
| Rahim was working in an enterprise on daily wages basis. It was difficult for him to fulfil the basic needs of his family. His daughter fell ill. He had no money for his daughter’s treatment. To meet the expenses of her treatment, he participated in a cycle race and won the prize money. The cycle company offered him a permanent pensionable job which he happily accepted. |
- By quoting the lines from the above para identify the needs of Rahim that are satisfied by the offer of Cycle Company. (2)
- Also, explain two other needs of Rahim followed by above that are still to be satisfied. (2)
- Discuss any three process of motivation.
- How is motivation different from leadership.
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.
Answer the following question.
State 'Job Enrichment' and 'Employee Participation' as non-financial incentives. How do they motivate employees?
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
What is the effect of motivation on all the employees of an organisation?
In Saarthak Steel several initiatives have been taken to further improve the motivation levels of employees through designing jobs that include greater variety of work content, providing certain stability about future income and work, providing fringe benefits like housing, medical aid, etc., allotment of shares in line with various incentives. Identify and briefly explain the incentives being given by the organization to the employees.
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 category includes incentives that satisfy psychological and social needs, not directly monetary?
Provident fund, pension, and gratuity are benefits included under which financial incentive?
Company car, furnished house, and medical facilities provided over and above salary are called:
Giving employees greater authority and responsibility to take decisions is called:
What is the nature of Financial Incentives?
What is the nature of Non-Financial Incentives?
Which needs are addressed by Financial Incentives?
