Questions: What are incentives? Inducements offered to attract and retain top performers and to encourage employees to be more productive Nonwage or monetary forms of compensation paid by the organization for its employees High wages or salaries paid to employees who receive the most positive performance reviews Training, networking opportunities, career advancement, personal growth, and other non-financial rewards available through one's place of employment

What are incentives?

Inducements offered to attract and retain top performers and to encourage employees to be more productive

Nonwage or monetary forms of compensation paid by the organization for its employees

High wages or salaries paid to employees who receive the most positive performance reviews

Training, networking opportunities, career advancement, personal growth, and other non-financial rewards available through one's place of employment
Transcript text: What are incentives? Inducements offered to attract and retain top performers and to encourage employees to be more productive Nonwage or monetary forms of compensation paid by the organization for its employees High wages or salaries paid to employees who receive the most positive performance reviews Training, networking opportunities, career advancement, personal growth, and other non-financial rewards available through one's place of employment
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Solution

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Answer

The answer is Inducements offered to attract and retain top performers and to encourage employees to be more productive.

Explanation
Option 1: Inducements offered to attract and retain top performers and to encourage employees to be more productive

This option accurately describes incentives. Incentives are designed to motivate employees to perform at their best and to stay with the organization. They can take various forms, including bonuses, recognition programs, and other rewards that encourage high performance and loyalty.

Option 2: Nonwage or monetary forms of compensation paid by the organization for its employees

While this option partially describes incentives, it is not entirely accurate. Incentives can include both monetary and non-monetary forms of compensation. Therefore, this option is too narrow in its definition.

Option 3: High wages or salaries paid to employees who receive the most positive performance reviews

This option is incorrect because high wages or salaries are not typically considered incentives. They are part of the regular compensation structure, whereas incentives are additional rewards given to motivate and retain employees.

Option 4: Training, networking opportunities, career advancement, personal growth, and other non-financial rewards available through one's place of employment

This option describes non-financial rewards and benefits that contribute to an employee's overall job satisfaction and career development. While these are important, they are not specifically what is meant by incentives in the context of motivating and retaining top performers.

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