CBSE 2023, Set 2

Question

Considering the inadequate job opportunities and too many aspirants for jobs, 'Alen Pvt. Ltd.' decided to give its employees certain stability about future income and work so that they do not feel worried on these aspects. As a result, the employees of 'Alen Pvt. Ltd.' are now working with greater zeal.

Identify the incentive discussed in the above lines and state three more incentives of the same type.

Edvaya · Accepted Answer

The correct answer is Subjective. **Identification of Incentive:** The incentive discussed is **Job Security**. It is a type of **Non-Financial Incentive**. **Three more Non-Financial Incentives:** 1. **Employee Recognition Programmes:** Acknowledging an employee's good performance with a show of appreciation, such as giving certificates, mementos, or declaring them "Employee of the Month". 2. **Employee Participation:** Involving employees in decision-making on issues related to them. Participation makes them feel valued and important, which boosts motivation. 3. **Status:** In an organizational context, status means the ranking or hierarchy of positions. Providing authority, responsibility, and perquisites associated with a higher managerial position acts as a strong psychological motivator. *(Other acceptable points: Employee Empowerment, Job Enrichment, Organizational Climate).*

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Business Studies > Principles And Functions Of Management > Directing

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