Question : Which of the following is an example of a non-monetary incentive for employees?
Option 1: Salary increase
Option 2: Bonus
Option 3: Employee recognition
Option 4: Promotion
Correct Answer: Employee recognition
Solution : The correct answer is (c) Employee recognition
Non-monetary incentives are rewards or benefits provided to employees that are not directly related to financial compensation. These incentives are designed to motivate, engage, and recognize employees for their contributions and achievements. Employee recognition is one such non-monetary incentive.
Employee recognition can take various forms, such as verbal praise, certificates, awards, or public acknowledgement of outstanding performance or contributions. It is a way to show appreciation and acknowledge the value that employees bring to the organization. Employee recognition can boost morale, enhance job satisfaction, and foster a positive work environment.
