Question

o satisfy the social and physiological needs which type of incentives are needed?
Explain any three types of such incentives.

Answer 1

Explanation:

To satisfy the social and psychological needs, non- financial incentives are needed. Four types of non- financial incentives:

Employee empowerment: It means giving more autonomy and powers to employees.

Employee participation: Involvement of employees in taking decision on matters concerned is a powerful incentive.

Job security: Employees want a secured job as it gives them less worries of future income.

Status: Status help to satisfy social and esteem needs. It denotes individual's position in the organizational hierarchy