Mrs. Rajlaxmi is working as the Human Resource Consultant in a firm manufacturing cosmetic, which is facing a problem of high employee turnover. The CEO of the company has invited suggestions from her retaining the talented employees and reducing the employee turnover. Mrs Rajlaxmi recommends that the good employees be rewarded ina way that it creates a feeling of ownership among the employees and at the same time makes them contribute towards the growth of the organisation.
a) Identify the incentive and explain its type, which has been suggested by Mrs. Rajlaxmi to the CEO of the company.
b) Also explain any two other incentives of the same type.