Question

Every year, the boss at a local company hosts an event at which individual employees are publicly recognized for outstanding work. This way of motivating workers is known as which of the following? A a nonmonetary incentive B an annual bonus C a marginal benefit D an opportunity cost

Answer 1

Answer:

A. a nonmonetary incentive

Explanation:

Non-monetary incentives are ways other than monetary or cash gifts of compensating employees for performing excellently within the organization. Giving of public awards, a sit-out with a boss, or letters of commendation are examples of non-monetary incentives that can be given to employees.

Employees tend to remember these rewards for a longer time because it boosts their confidence and mental disposition. It is important to provide these incentives as it motivates employees to work harder at their jobs.