Small firms can offer several nonfinancial incentives that appeal to both managerial and nonmanagerial employees.

Question

Quizplus · Accepted Answer

Small firms may not have the resources to offer high salaries or bonuses to their employees, but they can provide other nonfinancial incentives such as flexible work schedules, telecommuting options, opportunities for skill development and advancement, recognition programs, and a positive work environment. These incentives can help attract and retain employees who value work-life balance, career growth, and a supportive company culture.

Small Firms Can Offer Several Nonfinancial Incentives That Appeal to Both