Question

8. Types of motivators?

9. Which is the difference between FINANCIAL and nonfinancial incentives?

10. Describe the major phases of any training and development program

11. Which are the best retention practices?

Answer 1

8.

Mainly two types of motivators

1.EXTRINSIC

example-1.Salary 2.Bonus 3.Money 4.Reward 5.punishment

2.INTRINSIC

example-1.Learning 2.Love 3.Respect 4.curiosity 5.Meaning

9.The differences are-

FINANCIAL	NONFINANCIAL
1.It is direct monetary incentive	1.It is not monetary incentive,it is focused on the non monetary need of the employee
Main motive to motivate employee,for better performance EXAMPLE:salary,bonus,incentive,retirement benefit	Main motive to motivate employee ,by providing social & psychological needs. EXAMPLE:position on that organization,job security,career opportunity,greater responsibility

10.Different phases of training & development are

1.Analysis or requirement analysis -This is the first phase of training & development .In this phase all problems are analyzed to determine the objective & goal ,and also to determine the possible solution.proposal of budgets also take place in this phase.

2. Designing --This is the second phase of training & development .In this phase what are different learning objective & what is respective outcome that are determined.

3.Developmaent-After designing ,development phase comes where supporting material are produced to give a shape to the design.

4. implementation -when everything is ready,in this phase analysis,design,development are implemented to get the output or result.

5. Evaluation-This the last phase .In this phase the result of training & development are evaluated or examined.

11.Best retention practices

1.Emphasise on hiring & hire the right person at the beginning

2.Increment salary regularly & give bonus

3.Give them a comfortable environment ,don,t treat them as robot, so that they can enjoy their work

4.Try to train your manager to encourage & motivate other employee

5.Try to engage your employee

6.Give recognition to the employee for their work.