Question

Explain in brief any three types of financial incentives

Answer 1

Answer:

Several organizations offer perquisites and fringe benefits such as accommodation, car allowance, medical facilities, education facilities, recreational facilities, etc. in addition to the salary and allowances to its employees. These incentives also motivate the employees to work efficiently.

Have a Good day. Be happy always.

Answer 2

Heya Mate......

Following are the main types of financial incentives:

• Pay and Allowances

• Productivity Linked Wage Incentives

• Bonus

• Profit Sharing

• Co-partnership/Stock Option

• Retirement Benefits

Hope this will help you.....

:)