मराठी

Agrima, Arunima, and Avika are pursuing MBA from a reputed institution. Now it is the time for their placement. Identify and state the incentives about which Agrima, Arunima, and Avika are talking. - Business Studies

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प्रश्न

Agrima, Arunima, and Avika are pursuing MBA from a reputed institution. Now it is the time for their placement.

Agrima wants to work in a company that would provide her more authority for fulfilling her duties and will give recognition, rewards, perquisites, and prestige of the job.

Arunima wants to work in an organization in which the behaviour of individuals is influenced by characteristics like autonomy, reward orientation, consideration of employees, risk-taking, etc.

Avika wants to join an organization that has appropriate skill development programs and a sound promotion policy that encourages employees to exhibit improved performance.

Identify and state the incentives about which Agrima, Arunima, and Avika are talking.

थोडक्यात उत्तर

उत्तर

Agrima is talking about the incentive employee recognition. Most people have a need for evaluation of their work and due recognition. They feel that what they do should be recognized by others concerned. Recognition means acknowledgment with a show of appreciation. When such appreciation is given to the work performed by employees, they feel motivated to perform/work at a higher level.

Arunima is talking about the incentive job enrichment. Job enrichment is concerned with designing jobs that include a greater variety of work content, require a higher level of knowledge and skill; give workers more autonomy and responsibility; and provide the opportunity for personal growth and meaningful work experience. If jobs are enriched and made interesting, the job itself becomes a source of motivation for the individual.

Avika is talking about the incentive of employee empowerment. Empowerment means giving more autonomy and power to subordinates. Empowerment makes people feel that their jobs are important. This feeling contributes positively to the use of skills and talents in job performance.

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Motivation - Financial and Non Financial Incentives
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
2021-2022 (April) Term 2 - Delhi Set 1

संबंधित प्रश्‍न

Give an example of 'Employee Recognition Programmes' as a non- financial incentive


Rahim was working in an enterprise on daily wages basis. It was difficult for him to fulfil the basic needs of his family. His daughter fell ill. He had no money for his daughter's treatment. To meet the expenses of her treatment, he participated in a cycle race and won the prize money. The cycle company offered him a permanent pensionable job which he happily accepted

  1. By quoting the lines from the above para identify the needs of Rahim that are satisfied by the offer of Cycle Company.
  2. Also, explain two other needs of Rahim followed by above that are still to be satisfied.

Give any two characteristics of 'Organisational Climate' that influence the behaviour of individuals and act as a non-financial incentive?


A reputed hostel, GyanPradan provides medical aid and free education to children of its employees. Which incentive  is being highlighted here? State its category and name any two more incentives of the same category.


Explain different financial and non-financial incentives used to motivate employees of a company?


Answer the following question.
State 'Job Enrichment' and 'Employee Participation' as non-financial incentives. How do they motivate employees?


Read the following text and answer the following question on the basis of the same: 

Mr. Sunil Diali is a safety officer in a reputed PSU sector ECL. He supervises the workers towards the predetermined goals of the organisation and directs how to eradicate unsafe practices of inundation, fire breakouts, existence of inflammable gases, etc. On one such instances there was huge fire breakout in the underground mines and the workers morale was down and demotivated because of several risk hazards. Mr. Diali observed the whole situation and consulted with all his workers and constantly monitored, guided and inspired them to integrate their efforts and accept the situation as a challenge and take adequate safety measures for fire extinguish and subsidizing its effects. Thereby, production turnover was outstanding and outperformed other subsidiaries. Mr. Diali was recognized with Bravery Award from CIL.

Bravery award is ______ form of nonfinancial incentive. 


CPA Services CEO, Abhishek Nigam' s compensation includes salary, commission and other allowances. The company also pays for his insurance and vacations. Identify one indirect payment being made by the company to the CEO


Which of the following is a financial incentive?


What is the effect of motivation on all the employees of an organisation?


What is meant by financial incentives?


State any two financial incentives.


Gitanjali Makan is a successful business leader. She believes that if jobs are made interesting by including greater variety of work content and providing a meaningful work experience, the jobs themselves become a source of motivation to individuals.

The non-financial incentive that has been discussed in the above case is ______.


Keshav Bannerjee is the Chief Executive Officer (CEO) of 'Das Networking Ltd.’, a leading IT company in Bengaluru. He believes that if needs of employees are taken care of, the employees take good care of the customers. In this company various benefits are provided to the employees to help them meet their ‘medical and housing needs etc., while in job. It is also providing benefits like gratuity at the time of their retirement. The employees are provided various opportunities to attend skill development programmes to improve their skills and be promoted to the higher level jobs. Identify and state the three incentives offered by the company in the above para to improve the performance of its employees. 


Mahamana Enterprises is not only giving salary to its employees but it also offers bonus to them over and above the salary. To further encourage the employees, it announced that it will provide a share in the profits of the company to them. These incentives are helpful in increasing the purchasing power of the employees.

State four other incentives of the type of incentive discussed in the above para.


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