A Limited adopts a systematic performance appraisal system which provides opportunity to employees to improve their skills and be promoted to the higher level jobs. Identify the type of incentive being adopted by the company.

Career advancement opportunities

The correct answer is option 3- Career advancement opportunities.

The type of incentive being adopted by the company is Career advancement opportunities. This reflects the focus on improving employee skills and providing pathways for promotion.

Career Advancement Opportunity: Every individual wants to grow to the higher level in the organisation. Managers should provide opportunity to employees to improve their skills and be promoted to the higher level jobs. Appropriate skill development programmes, and sound promotion policy will help employees to achieve promotions. Promotion works as a tonic and encourages employees to exhibit improved performance.