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Define breifly : (1) Profit sharing …

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Define breifly : (1) Profit sharing (2) bonus (3) Job security

Posted by Kamlesh Beniwal 7 years, 1 month ago

CBSE > Class 12 > Business Studies

2 answers

Gaurav Seth 7 years, 1 month ago

(a) 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.

(b) Bonus

It is a sum of money offered to an employee over and above the salary or wages as a reward for his good performance.

(c) Job Security

Job security provides future stability and a sense of security among the employees. The employees are not worried about the future and thus work with more enthusiasm. Owing to the unemployment problem in our country, job security works as a great incentive for the employees. However, there is also a negative aspect of this incentive that employees tend to take their job for granted and not work efficiently.

Kamlesh Beniwal 7 years, 1 month ago

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