1.

"Human beings cannot be motivated only through monetary incentives; non-monetary incentives are also necessary to motivate them." Explain any two such non-monetary incentives

Answer»

Some of the common Non-Financial Incentives are:

(i) Status: Status refers to ranking of positions, authority, responsibility, recognition and prestige associated with a job in the organisation.

  • Higher status helps to satisfy social and esteem needs of the employees.

(ii) Organisational Climate: It refers to the characteristics which describe an organisation and distinguish one organisational from the other.

  • These characteristics include individual authority, reward orientation, open communication, risk-tasking, etc.


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