Five Marks Questions :
Ayesha Ltd. assured their employees that in spite of recession no worker will be retrenched from the job.
(i) Name and explain the type of incentive offered to the employees.
(ii) Explain one more incentive of the same category.

Open in App

Solution

The type of incentive offered is Non- financial incentives.
Non- financial incentives help to satisfy social and psychological needs which money can't satisfy.
One more incentive is employee participation.
In this case, involvement of employees in taking decision on matters concerning them is a powerful incentive.

Suggest Corrections

Similar questions

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.

Blue Chips Ltd. offers to its employees, issue of shares at a price which is less than the market price.

(i) Name and explain the type of incentive offered to the employees.

(ii) Explain one more incentive of the same category.

Join BYJU'S Learning Program