Question

Irma is the chief executive officer of a reputed company. She introduced appropriate skill developments programmers and a sound promotion policy for the employees of her company. To motivate and retain the best talent in the company, she designed the jobs of the managers to include greater variety of work content. Explain any two other incentives that may be introduced by Irma other than those already introduced by her to further motivate the employees of her company.

Answer 1

Incentives that may be introduced by Irma other than those already introduced by her to further motivate the employees of her company are:

(i) Status.

(ii) Organisational climate.

(iii) Employees recognition programme.

(iv) Job security.

(v) Employee participation.

(vi) Employee empowerment.

(vii)Pay and Allowances.

(viii) Productivity linked wage incentives.

(ix)Bonus.

(x)Profit sharing.

(xi)Co-partnership.

(x)Retirement Benefits.

(xi) Perquisites.