New Register for Workshop on How to start for NABARD 2025 (Stepwise Plan) - Apr 26, 7 PM

    Question

    Incentives play a crucial role in motivating employees

    and boosting morale. However, not all incentives are created equal. Which of the following types of incentives is most likely to foster intrinsic motivation and long-term engagement in employees?   
    A Monetary rewards, such as bonuses and salary increases. Correct Answer Incorrect Answer
    B Non-monetary rewards, such as recognition and appreciation. Correct Answer Incorrect Answer
    C Opportunities for skill development and career advancement. Correct Answer Incorrect Answer
    D Flexible work arrangements and work-life balance initiatives. Correct Answer Incorrect Answer
    E A combination of monetary and non-monetary rewards, tailored to individual preferences and needs. Correct Answer Incorrect Answer

    Solution

    While both monetary and non-monetary incentives have their merits, a combination of both, tailored to individual preferences and needs, is most likely to foster intrinsic motivation and long-term engagement. This recognizes that employees are motivated by different factors and allows for a more personalized and effective approach to incentivization.

    Practice Next