Question

Shanta Enterprises' was in the business of manufacturing solar panels for the last fifteen years. With their expertise, they were able to manufacture good quality solar panels at lower costs. As a result, 'Shanta Enterprises' received many orders and generated high profit margins. To motivate employees, the company decided to compensate them for their hard work. Arvind and Yogesh, who were working on a contract basis, were absorbed permanently. Ekta, a regular employee, was awarded the 'Best Employee of the Year' award.

(a) Identify and explain the incentives given by Shanta Enterprises to its employees.

Hint:

Job security meets employees' safety needs, while recognition boosts their esteem, enhancing overall motivation and productivity.

Answer 1

1. Job Security: Job security guarantees a stable future income and consistent employment, fostering a sense of safety and motivation among staff. For instance, Arvind and Yogesh achieved job security upon their permanent absorption.

2. Employee Recognition Programmes: Recognition entails acknowledging and appreciating employees' efforts and achievements. For example, Ekta received the 'Best Employee of the Year' award.