OCR Business Paper 1 Practice Test 2025 - Free Business Exam Practice Questions and Study Resources

Question: 1 / 400

What is a significant advantage of using non-financial methods to motivate staff?

It requires significant financial investment

It is cost-effective to implement

Using non-financial methods to motivate staff offers the significant advantage of cost-effectiveness in implementation. These methods include various strategies such as recognition programs, opportunities for personal development, flexible working arrangements, and fostering a positive workplace culture. Such approaches can enhance employee satisfaction and productivity without the need for considerable financial resources.

Non-financial motivation tends to focus on intrinsic factors, which often lead to higher job satisfaction and employee engagement. By prioritizing factors like praise, career growth, and work-life balance, organizations can cultivate a supportive environment that encourages loyalty and reduced turnover, all while keeping costs manageable.

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Employees prefer monetary rewards

It creates a competitive environment

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