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Question

Long Answer Question:
"Money is the only motivator." Do you agree with this statement?

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Solution

Money is not the only Motivator, the employees who have more of esteem and self actualization needs active in them, get satisfied with the non-monetary incentives only.
Non-Monetary/Non-Financial Incentives: 1. Status. 2. Organisational climate. 3. Career advancement. 4. Employees recognition. 5. Job security. 6. Employee's participation. 7. Autonomy/ employee empowerment. 8. Job enrichment/ assignment of challenging job.

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Type of Incentives
BUSINESS STUDIES
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