Mr. John is working as the Human Resource Consultant in Blue Horizon Pvt. Ltd. The company manufactures squashes and soft drinks. The company is facing a problem of high employee turnover due to which the production and supply situation of its product has been on decline. The personnel manager of the company asks Mr. John to look into the situation and offer a suitable solution for retaining the talented employees and solve the problem of employee turnover. On analysing the situation Mr. John suggests that the good employees of the organisation should be rewarded in a manner that creates feeling of ownership among the employees and thus motivates them to contribute their best towards the organisational goals.
(a) Identify and explain the incentive that has been suggested by Mr. John. (b) Also, explain any 2 other incentives of the same category.
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Answer:
a) Non -Financial incentive:
it refers that the rewards which are not measured in cash form.
b)*Organisational climatic: Promotion is example of it.
*Employee Participation: Take a participate in decision making.
Explanation:
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