Question:
A leading newspaper company noticed that many of its talented editors were resigning despite being paid competitive salaries. On conducting an internal survey, it was revealed that employees were dissatisfied as they were not being offered benefits over and above the salary, like the employees of other competitive firms. Realising that such additional benefits play an important role in motivating employees, the management decided to provide car allowance, housing facilities, medical benefits, etc. to retain employees in the organisation and improve their satisfaction.
Identify the incentive that the newspaper company decided to provide to their employees :
A leading newspaper company noticed that many of its talented editors were resigning despite being paid competitive salaries. On conducting an internal survey, it was revealed that employees were dissatisfied as they were not being offered benefits over and above the salary, like the employees of other competitive firms. Realising that such additional benefits play an important role in motivating employees, the management decided to provide car allowance, housing facilities, medical benefits, etc. to retain employees in the organisation and improve their satisfaction.
Identify the incentive that the newspaper company decided to provide to their employees :
Identify the incentive that the newspaper company decided to provide to their employees :
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Remember: "Perks" (Perquisites) are non-cash benefits that have a financial value, like free housing or a company car.
Updated On: Jun 25, 2026
- Bonus
- Retirement benefits
- Perquisites
- Profit sharing
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The Correct Option is C
Solution and Explanation
Step 1: Concept
Financial Incentives.
Step 2: Meaning
Financial incentives are direct or indirect monetary rewards used to motivate employees. Different incentives target different employee needs.
Step 3: Analysis
• Bonus is an extra payment over and above the basic salary, usually given as a lump sum.
• Retirement benefits include pensions and provident funds for financial security after leaving the job.
• Perquisites (or "perks") specifically refer to fringe benefits offered over and above the basic salary, such as housing allowances, medical facilities, company cars, etc.
Step 4: Conclusion
Providing car allowances, housing, and medical facilities fits the exact definition of perquisites.
Final Answer: (C)
Financial Incentives.
Step 2: Meaning
Financial incentives are direct or indirect monetary rewards used to motivate employees. Different incentives target different employee needs.
Step 3: Analysis
• Bonus is an extra payment over and above the basic salary, usually given as a lump sum.
• Retirement benefits include pensions and provident funds for financial security after leaving the job.
• Perquisites (or "perks") specifically refer to fringe benefits offered over and above the basic salary, such as housing allowances, medical facilities, company cars, etc.
Step 4: Conclusion
Providing car allowances, housing, and medical facilities fits the exact definition of perquisites.
Final Answer: (C)
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