✓ Board-verified
Business Studies · 2024 · 4 marks
CBSE 2024 · Region 2 · Set 1 · Q25
Inaya Ltd is a multinational technology company focusing on artificial intelligence, online advertising and search engine technology. The company is…
Inaya Ltd is a multinational technology company focusing on artificial
intelligence, online advertising and search engine technology. The
company is generating good profits and takes care of the well-being of its
staff.
The company offers benefits like car allowance, medical aid and
allowance for children s education to all employees above the Manager
level. It regularly contributes towards the Employees Provident Fund
and pays gratuity on retirement to its employees. Under a special
incentive scheme, the employees are offered shares of Inaya Ltd at a set
price which is lower than the market price. Each year, the company
keeps aside funds to pay one percent of base salary as bonus to its
employees. No wonder $\displaystyle 90$% of the employees would recommend working
at Ltd to a friend.
Explain four incentives being provided by Inaya Ltd to motivate their
employees for better performance.
Marking-scheme solution
Incentives provided by ‘Inaya Ltd.’ to motivate their employees for
better performance are:
(i)
Perquisites:
Perquisites such as car allowance, housing and medical aid etc., are
offered to employees over and above the salary to provide motivation to
them.
(ii)
Retirement benefits:
Retirement benefits such as provident fund, pension and gratuity, which
provide financial security to employees after their retirement, act as an
incentive when they are in service in the organisation.
(iii)
Stock option/Co-partnership
Co-partnership/stock option is an incentive in which employees are
offered company shares at a set price, which is lower than market price, to
create a feeling of ownership and make them contribute for the growth of
the organisation.
(iv)
Bonus:
Bonus is an incentive offered over and above the wages/salaries to the
employees for higher performance.
More from Directing
- To motivate its employees on one side, ‘Harshita Pearls’ rewards them with increase in pay, promotion, recognition, etc. whereas on the other side it…2024
- Identify and state any three features of the process of stimulating people to action to accomplish desired goals. OR Identify and state three points…2023
- Sara recently received her degree in automobile engineering and decided to join her father's electric vehicle business. They were not only selling…2025
- Explain any four psychological barriers to communication. OR Explain first four steps in the process of controlling.2026
- Ankita was the Managing Director at ‘Tech Smart’, an IT company. She was facing problems in retaining the employees in the company. While discussing…2025
- The leadership style in which a leader develops action plans and makes decisions in consultation with his subordinates, is known as:2025
- What is meant by ‘leadership’? State any two leadership styles.2022
- Explain ‘Job Enrichment' and 'Employee Participation' as non-financial incentives. OR Explain any two personal barriers to effective communication.2025
CBSE Class 12 Business Studies past-paper question from the 2024 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.