Answer briefly the question:
Name any four non-monetary incentives that may be used in an organisation.

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Solution

Any four non-monetary incentives that may be used in an organisation are:
1. Career advancement.
2. Employees recognition.
3. Employees participation.
4. Employee empowerment.

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What are financial incentives? Briefly state any four financial incentives with examples.

___ incentives are those which are in direct monetary form or measurable in monetary terms. They may be in the form of a bonus, profit sharing, etc.

Distinguish between monetary and non-monetary incentives.

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