Ayesha Ltd. assures their employees that in spite of recession, no worker will be retrenched from work.
(i) Identify the type of incentive offered.
(ii) Explain two more incentives of the same type.
Ayesha Ltd. assures their employees that in spite of recession, no worker will be retrenched from work.
(i) Identify the type of incentive offered.
(ii) Explain two more incentives of the same type.
(i) The incentive offered is 'job security', which is a non-financial incentive.
(ii) Two other non-financial incentives are:
(a) Employee recognition: Recognition means acknowledgment of work with a show of appreciation. With such appreciation, employees feel motivated. It can be done in following ways:
- Congratulating an employee for his/her good performance.
- Display on notice board or newsletter of the company about the achievement of the employee.
- Giving award/certificate for best performance.
- Distributing mementos, complementaries like T-shirts, caps, bags, etc.
- Rewarding an employee for giving valuable suggestions.
(b) Employee empowerment: It means giving more autonomy and power to subordinates. It makes people feel that their jobs are important, as a result of which, they contribute positively to the use of skills and talent in the job performance.
(i) The incentive offered is 'job security', which is a non-financial incentive.
(ii) Two other non-financial incentives are:
(a) Employee recognition: Recognition means acknowledgment of work with a show of appreciation. With such appreciation, employees feel motivated. It can be done in following ways:
- Congratulating an employee for his/her good performance.
- Display on notice board or newsletter of the company about the achievement of the employee.
- Giving award/certificate for best performance.
- Distributing mementos, complementaries like T-shirts, caps, bags, etc.
- Rewarding an employee for giving valuable suggestions.
(b) Employee empowerment: It means giving more autonomy and power to subordinates. It makes people feel that their jobs are important, as a result of which, they contribute positively to the use of skills and talent in the job performance.
