Public acknowledgment such as receiving a trophy at a formal event is best classified as an instance of?A. financial awards B. non-financial rewards C. proportional award D. fixed award
Show answer Hide answer
Answer: B. non-financial rewards
Explanation
Trophies and public acknowledgments are non-financial rewards that recognize employee contributions without direct monetary payment. Formal ceremonies provide psychological gratification and social validation to deserving staff members. Non-financial recognition reinforces desired workplace behaviors without altering base salary structures. Total reward strategies combine financial compensation with intangible recognition and praise. Public awards leverage social esteem to boost employee engagement and morale across the organization. Peer recognition programs often utilize plaques, trophies, and certificates to honor achievements.
Corporate annual galas frequently feature trophy presentations to celebrate milestone employee achievements. Organizations with limited budgets use non-financial rewards effectively to maintain high motivation. Public recognition satisfies psychological esteem needs, fostering fierce loyalty among top performers. Financial awards involve direct monetary compensation such as cash bonuses, commissions, or stock grants. Proportional award is a fictitious term not recognized in standard reward management terminology. Fixed award describes a set monetary payout rather than a non-monetary trophy recognition event.
- Subject
- Business and Management
- Category
- Human Resource Management
- Topic
- —
- Difficulty
- medium
Related questions
Q1. The process of reducing the number of employed people in a firm is classified as?
Show answer Hide answer
Answer: B. downsizing
Downsizing is the deliberate reduction of employed personnel within an organization. Improving operational efficiency often drives enterprises to downsize their workforce. Reducing headcount strategically helps strugglin...
Q2. The technique designed to gauge the likely success of appointees in managing an international relocation is categorized as ___________?
Show answer Hide answer
Answer: A. adaptability screening
Adaptability screening is a specialized technique used to evaluate whether an employee will successfully manage international relocation. Assessing cross-cultural resilience ensures candidates can cope with the psycholog...
Q3. What serves as an example of ‘quality circles’ ___________?
Show answer Hide answer
Answer: B. techno structural interventions
Quality circles are classic techno-structural interventions involving employee problem-solving groups. Structural changes in workflow and employee involvement classify quality circles as techno-structural. These groups m...
Q4. What is left out of the ‘qualitative methods of evaluation’?
Show answer Hide answer
Answer: D. none of above
Standard qualitative and quantitative evaluation methods are appropriately categorized without exclusions. Job evaluation techniques encompass established methods without leaving out standard practices. Comprehensive cla...
Q5. The standard and promptness of performance are categorized as ________?
Show answer Hide answer
Answer: A. “what you are measuring”
Evaluating performance standards and promptness defines the specific metrics and criteria of what is being measured. Focusing on the speed and quality of task execution clarifies the precise operational dimensions under...
Q6. The practice of structuring and classifying compensation into just a few tiers is termed?
Show answer Hide answer
Answer: A. broad banding
Broad banding involves collapsing traditional multi-tiered salary grades into a few wide compensation bands. Structuring pay into wide tiers gives managers greater flexibility in setting individual salaries. Reducing adm...