The correct answer is option (4) - Bonus.
The incentive is offered over and above the wages/salary to the employees is Bonus.
Bonus is additional payment or reward provided to employees as an incentive for their performance, productivity, or achieving specific goals or targets. Bonuses are typically paid on top of the regular wages or salaries and serve as a motivational tool to encourage employees to excel in their work.
OTHER OPTIONS
- Perquisites: In many companies perquisites and fringe benefits are offered such as car allowance, housing, medical aid, and education to the children, etc., over and above the salary. These measures help to provide motivation to the employees/ managers.
- Pay and allowances: For every employee, salary is the basic monetary incentive. It includes basic pay, dearness allowance and other allowances. Salary system consists of regular increments in the pay every year and enhancement of allowances from time-to-time. In some business organisations, pay hike and increments may be linked to performance.
- Profit Sharing: Profit sharing is meant to provide a share to employees in the profits of the organisation. This serves to motivate the employees to improve their performance and contribute to increase in profits.
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