Hierarchy Theory of Motivation formulated by Maslow! (more…)
Hierarchy Theory of Motivation formulated by Maslow
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Financial Incentives used to Motivate Employees for Improving their Performance
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Seven types of Incentives used to motivate employees for improving their performance are: 1. Pay and Allowances 2. Productivity Linked Wage Incentives 3. Bonus 4. Profit Sharing 5. Co-partnership/Stock Option 6. Retirement Benefits 7. Perquisites. (more…)
Non Financial Incentives to Motivate Employees
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Some of the non financial incentives to motivate people for improving their performance are: 1. Status 2. Organisational Climate 3. Career Advancement Opportunity 4. Job Enrichment 5. Employee Recognition Programme 6. Job Security 7. Employees’ Participation 8. Employees’ Empowerment. (more…)