The loyalty awards given to employees, for completing several years is an example of?
Correct answer: B. non-financial rewards
- A. financial awards
- B. non-financial rewards
- C. non-motivating rewards
- D. appraisal awardSelf-Help & Motivational
Explanation
A loyalty or long-service award is normally a non-financial reward when it recognizes service through a certificate, plaque, or public appreciation rather than money. Its purpose is recognition and retention, not performance appraisal.
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About Human Resource Management
Human resource management deals with acquiring, developing, rewarding and retaining employees within an organisation. It includes job analysis, recruitment, selection, training, performance appraisal, compensation, career planning, labour relations and workplace discipline. Recruitment attracts applicants, while selection evaluates them and chooses the most suitable candidate.
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