State two financial methods of motivation
Question
State two financial methods of motivation
Solution
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Salary Increase: This is one of the most common financial methods of motivation. When an employee receives a raise in their salary, it serves as a recognition of their hard work and dedication. This not only motivates them to continue performing well but also increases their job satisfaction and loyalty towards the organization.
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Bonuses and Incentives: These are additional financial rewards given to employees on top of their regular salary. Bonuses are usually given at the end of the year or after the completion of a project, while incentives are often tied to specific performance targets. When employees know that they will receive extra money for reaching certain goals, they are likely to be more motivated to work hard and achieve those targets.
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