Name any two non-financial incentives to motivate the employees.

Question

Sujata is working in a private sector bank, where she is engaged in formulating overall policies of the bank. She is of the viewpoint that management is the art of getting the work done from others by mobilizing physical and human resources. She feels that success of any organisation lies in effective and efficient management. Her good leadership qualities motivates her subordinates to work as a team and achieve the organisational goals.
(a) Identify the level at which Sujata is working.
(b) State briefly any 3 points highlighting the importance of management in the organisation.

Answer 1

Non-financial incentives are non-monetary motivators that greatly impact employee satisfaction and performance by addressing psychological, social, and emotional needs. Common examples include:

Job Security: Stable employment lowers anxiety, improves morale, and increases loyalty and productivity.
Recognition and Prestige: Acknowledging employee efforts via awards or public praise fulfills self-esteem needs, driving continued high performance.

Additional examples:

Career advancement prospects
Stimulating work tasks
Involvement in decision-making processes
A respectful and inclusive work environment

Name any two non-financial incentives to motivate the employees.

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Solution and Explanation

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