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Business Studies

Types of Incentives

Kareena is wo...

Question

Kareena is working in an MNC. She has been given an option to buy the shares of the company at an amount less than the market price because of her performance as an incentive, Katrina has been awarded 'Employee of the month' award. ___ form of incentive is being referred here?

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Solution

Non-monetary incentive is being referred to in the above situation.

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Q. Kareens is working in an MNC She has been given an option to buy the shares of the company at an amount less than the market price because of her performance as an incentive. Katrina has been awarded "Employee of the month" award. Which forms of incentive is being referred here?

Explain the incentives along with any other three incentives.

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.

Q. Five Marks Questions :
Blue Birds 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.

Q. Mrs. Rajlaxmi is working as the Human Resource Consultant in a firm manufacturing cosmetic, which is facing a problem of high employee turnover. The CEO of the company has invited suggestions from her for retaining the talented employees & reducing the employee turnover. Mrs. Rajlaxmi recommends that the good employees be rewarded in a way that it creates a feeling of ownership among the employees and at the same time makes them contribute towards the growth of the organization.
(a) Identify the incentive and explain its type, which has been suggested by Mrs. Rajlaxmi to the CEO of the company.
(b) Also explain any two other incentives of the same type.

Q. Rajat is a sales manager who achieved his sales target one month in advance. This achievement was displayed on the notice board and a certificate for the best performance was awarded to him by the CEO of the company. ___ is the incentive provided to Rajat?

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