Question:
Shanta Enterprises' was in the business of manufacturing solar panels for the last fifteen years. With their expertise, they were able to manufacture good quality solar panels at lower costs. As a result, 'Shanta Enterprises' received many orders and generated high profit margins. To motivate employees, the company decided to compensate them for their hard work. Arvind and Yogesh, who were working on a contract basis, were absorbed permanently. Ekta, a regular employee, was awarded the 'Best Employee of the Year' award.
(a) Identify and explain the incentives given by Shanta Enterprises to its employees.
Shanta Enterprises' was in the business of manufacturing solar panels for the last fifteen years. With their expertise, they were able to manufacture good quality solar panels at lower costs. As a result, 'Shanta Enterprises' received many orders and generated high profit margins. To motivate employees, the company decided to compensate them for their hard work. Arvind and Yogesh, who were working on a contract basis, were absorbed permanently. Ekta, a regular employee, was awarded the 'Best Employee of the Year' award.
(a) Identify and explain the incentives given by Shanta Enterprises to its employees.
(a) Identify and explain the incentives given by Shanta Enterprises to its employees.
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Job security meets employees' safety needs, while recognition boosts their esteem, enhancing overall motivation and productivity.
Updated On: Feb 21, 2025
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Solution and Explanation
1. Job Security: Job security refers to providing stability regarding future income and work, ensuring employees feel secure and motivated. For example, Arvind and Yogesh were absorbed permanently, providing them job security.
2. Employee Recognition Programmes: Recognition involves acknowledging employees’ contributions and showing appreciation. For example, Ekta was awarded the 'Best Employee of the Year' award.
2. Employee Recognition Programmes: Recognition involves acknowledging employees’ contributions and showing appreciation. For example, Ekta was awarded the 'Best Employee of the Year' award.
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