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Business Studies · 2022 · 3 marks
CBSE 2022 · Region 1 · Set 1 · Q6
What is meant by non-monetary incentives? State any two non-monetary incentives.
What is meant by non-monetary incentives? State
any two non-monetary incentives.
OR
State any three benefits of training to the
organisation.
Marking-scheme solution
Non-monetary incentives mean those incentives
which emphasise on providing psychological and
emotional satisfaction rather than money-driven
satisfaction to employees.
Non-monetary incentives :
(i)
Status refers to the ranking of positions in the
organization indicated by authority, responsibility,
rewards, recognition, perquisites and prestige of job
given to a person holding a managerial position.
(ii)
Organisational climate indicates the characteristics
which describe an organisation and influence the
behaviour of individuals in the organisation.
(iii)
Career Advancement Opportunity includes
opportunities provided to employees to improve their
skills and be promoted to the higher level jobs.
(iv)
Job Enrichment is concerned with designing jobs
that include greater variety of work content, requiring
higher level of knowledge and skill to provide a
meaningful work experience.
(v)
Employee Recognition Programmes means
appreciating the work performed by employees so
that they feel motivated and perform at higher level.
(vi)
Job Security involves giving stability about future
income and work to an employee so that he does not
feel worried on these aspects and works with greater
zeal.
(vii)
Employee Participation means involving employees
in decision-making of the issues related to them.
(viii)
Employee Empowerment means giving more
autonomy and powers to subordinates to make
people feel that their jobs are important.
OR
Benefits of training to an organisation
:
(i) It is a systematic learning that helps to avoid wastage
of efforts and money.
(ii)
It enhances employee productivity both in terms of
quantity and quality, leading to higher profits.
(iii)
It equips the future manager who can take over in
case of emergency.
(iv)
It increases employee morale and reduces
absenteeism and employee turnover.
(v)
It helps in obtaining effective response to fast
changing economic and technological environment.
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CBSE Class 12 Business Studies past-paper question from the 2022 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.