Question : Statement 1: Non-financial incentives include financial rewards and bonuses.
Statement 2: Non-financial incentives 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. Non-financial incentives are rewards or perks that are not in the form of direct financial compensation. They could be things like flexible work hours, recognition, training opportunities, or a better workspace. Financial rewards and bonuses, on the other hand, are considered financial incentives.
Statement 2 is correct. Non-financial incentives can indeed impact employee motivation by enhancing job satisfaction, improving work-life balance, boosting morale, and creating a positive work environment. These incentives focus on meeting employees' psychological and self-fulfillment needs rather than their financial needs.
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