The incentive is offered over and above the wages/salary to the employees is ____________.

Bonus

The correct answer is option (4) : Bonus

Bonus

Bonuses are additional payments or rewards 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.

Profit-Sharing

Sometimes the employees are given a share in the profits of the organization. This motivates them to perform efficiently and give their best to increase the profits of the organization.

Pay and Allowances

Salary is the basic incentive for every employee to work efficiently for an organization. Salary includes basic pay, dearness allowance, house rent allowance, and similar other allowances. Under the salary system, employees are given increments in basic pay every year and also an increase in their allowances from time-to-time.

Perquisites

Several organizations offer perquisites and fringe benefits such as accommodation, car allowance, medical facilities, education facilities, recreational facilities, etc. in addition to the salary and allowances to its employees. These incentives also motivate the employees to work efficiently.