Question :Mahamana Enterprises 18 not Also offers bonus to them over and above the salary. the employees, it announced that it will provide a share in the profits of incentives are helpful in increasing the company to them. These Purchasing power of the employees. 4 i four other incentives of the type of incentive discussed in the above
The correct answer is -The type of incentive discussed in the above scenario is profit-sharing. Four other incentives that can be provided by companies to their employees are:
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Employee Stock Ownership Plans (ESOPs): ESOPs allow employees to own shares in the company they work for. This gives them a stake in the success of the company and encourages them to work harder.
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Performance-based bonuses: These bonuses are given to employees who meet or exceed their performance targets. This helps to motivate employees to work harder and achieve better results.
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Health and wellness programs: Companies can provide their employees with health and wellness programs such as gym memberships, health screenings, and nutritional counseling. This helps to improve the overall health and well-being of employees, which can lead to increased productivity.
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Education and training programs: Companies can offer their employees education and training programs to help them develop new skills and advance in their careers. This shows that the company is invested in the growth and development of its employees, which can lead to increased loyalty and job satisfaction.
