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explain financial incentives
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explain financial incentives Related: NCERT Solutions -Ch-9- Financia...
Monetary benefit offered to consumers, employees and organizations to encourage behavior or actions which otherwise would not take place. A financial incentive motivates actions which otherwise might not occur without the monetary benefit.
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explain financial incentives Related: NCERT Solutions -Ch-9- Financia...
Incentive means all measures which are used to motivate people to improve performance.
Financial Incentives can be calculated in terms of money
1. Pay and allowances: Salary is the basic monetary incentive. It includes
basic pay, dearness allowance and other allowances.
2. Productivity linked wage incentives: Aims at linking payment of wages to
increase in productivity.
3. Bonus: An incentive offered over and above the wages/salary.
4. Profit sharing: It means to provide a share to employees in the profits. It
creates a feeling of ownership to employees.
5. Co-partnership/Stock option: employees are offered company’s share at
a price which is lower than market price.
6. Retirement benefits: Such as provident fund, pension and gratuity etc.
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explain financial incentives Related: NCERT Solutions -Ch-9- Financial Management, BST, Class 12
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explain financial incentives Related: NCERT Solutions -Ch-9- Financial Management, BST, Class 12 for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about explain financial incentives Related: NCERT Solutions -Ch-9- Financial Management, BST, Class 12 covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for explain financial incentives Related: NCERT Solutions -Ch-9- Financial Management, BST, Class 12.
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