Economic incentives include financial rewards designed to motivate employees and promote favorable conduct.
* Examples of Economic Incentives:
* Monetary Compensation: Pay increases tied to performance or achievements.
* Bonuses: Reward for meeting or exceeding specific goals.
* Profit-Sharing: Employees receive a share of the company's profits.
* Gain-Sharing: Rewards based on improved performance or productivity.
* Why Other Options Are Incorrect:
* B: These are examples of professional development, not economic incentives.
* C: These are examples of workplace flexibility, not direct financial incentives.
* D: These activities support team-building, not economic rewards.
References:
* Employee Motivation Models: Highlight financial incentives as a key motivator.
* OCEG GRC Capability Model: Recommends economic incentives to promote desired behaviors.