Question

Which of the following is not an example of financial incentive?

(a) Perquisites (b) Job Enrichment (c) Profit Sharing (d) Co-partnership​

Answer 1

(b) Job Enrichment is not an example of a  financial incentive.

Explanation:

Financial incentive:

• A financial incentive is a cash benefit paid by a company to promote a particular behavior or activity or to motivate employees.
• Employers may have these financial incentive schemes loyalty among employees and to promote greater productivity.

Financial incentives types:

Seven types of financial incentives are commonly used to maintain productivity and motivate employees. These are,

1. Perquisites
2. Co-partnership​
3. Profit-Sharing
4. Wages and Payments
5. Bonuses
6. Wage Incentives
7. Pension Benefits

Here the given question includes examples of some financial incentives.

• Hence the job enrichment is not an example of financial incentives.