Question : Statement 1: Financial incentives are the only factors that motivate employees.
Statement 2: Various factors, including intrinsic motivation, impact employee motivation.
Option 1: Both statements are correct.
Option 2: Statement 1 is correct, and statement 2 is false.
Option 3: Both statements are incorrect.
Option 4: Statement 2 is correct, and statement 1 is incorrect.
Correct Answer: Statement 2 is correct, and statement 1 is incorrect.
Solution : The correct answer is (d) Statement 2 is correct, and statement 1 is incorrect.
Statement 1 is incorrect. Employee motivation is influenced by a range of factors, not solely financial incentives. While financial rewards can be motivating, other aspects such as job satisfaction, a sense of purpose, opportunities for growth, recognition, work-life balance, and a positive work environment also play significant roles in motivating employees.
Statement 2 is correct. Employee motivation is a complex interplay of various factors, including intrinsic motivation (internal factors like personal satisfaction and fulfillment), extrinsic motivation (external factors like rewards and recognition), job conditions, relationships with colleagues, leadership, and more. Understanding and addressing these factors is vital for enhancing employee motivation and engagement.
