Given below are two statements:
Statement I: Job security is a financial incentive, as it gives employees stability about future income.
Statement II: In India, job security is more important considering the inadequate job opportunities and too many aspirants for these.
In the light of the above statements, choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → Statement I is incorrect but Statement II is correct.
Statement I: Job security is a financial incentive, as it gives employees stability about future income. — Incorrect. Job security does give stability about future income and work. But it is a non-financial incentive. Its gain is peace of mind: employees do not worry about their future and work with greater zeal.
Statement II: In India, job security is more important considering the inadequate job opportunities and too many aspirants for these. — Correct. India has too few jobs and too many people seeking them. So a secure job matters more here.
NCERT (2026-27 Edition): “Non-Financial Incentives: All the needs of individuals are not satisfied by money alone. Psychological, social and emotional factors also play important role in providing motivation. Non-financial incentives mainly focus on these needs. Some times, monetary aspect may be involved in non-financial incentives as well. However, the emphasis is to provide psychological and emotional satisfaction rather than money driven satisfaction. For example, if an individual gets promotion in the organisation, it satisfies him psychologically more as he gets a feeling of elevation, increase in status, increase in authority, challenge in the job etc., Though promotion involves payment of extra money, non-monetary aspects over-ride monetary aspects. Some of the important non-financial incentives are discussed below:” “(vi) Job security: Employees want their job to be secure. They want certain stability about future income and work so that they do not feel worried on these aspects and work with greater zeal. In India, this aspect is more important considering the inadequate job opportunities and too many aspirants for these. However, there is one negative aspect of job security. When people feel that they are not likely to lose their jobs, they may become complacent.” |