m



     

Presented By:

Úahul Abhale (Úoll no.1)

Aishwarya M. (Úoll no.2)

Nilesh Ambre (Úoll no.3)

Shraddha Ambre (Úoll no.4)

Prasad Bagde (Úoll no.5)

Faculty Coordinator:
Mrs Asha Kori
Maharashtra Institute of Labour Studies

Úewards

Úecognition

Incentives
Maharashtra Institute of Labour Studies
    !

Financial Incentives

They work to stimulate and satisfy an employeeǯs

desire for monetary gain

Covers both remuneration and other tangible &

intangible gains

^Ú
Ú 
        


   
Maharashtra Institute of Labour Studies
Maharashtra Institute of Labour Studies
 " #""!

Non-financial most significantly, it responds to the

psychological need of every individual.

Simply said èÔ
 

  


- mployee Úecognition is the timely, sincere and visible

gestures of respect and recognition that are offered
directly to an employee for his or her contribution to a job
well done.-

Maharashtra Institute of Labour Studies

 Úewards &
Úecognition

Maharashtra Institute of Labour Studies

w
 w

are monetary benefits paid to encourage executives

with talent in recognition of their outstanding
performance

An incentive is only an anticipation or expectation of

reward and becomes a reward when it is awarded.

Fixed Contract between the organization and

employee to pay certain amount for achieving the set
target.

Maharashtra Institute of Labour Studies

Maharashtra Institute of Labour Studies
Maharashtra Institute of Labour Studies