Financial incentives like wages, salary, and profit sharing motivate employees to perform better by satisfying their higher order needs for money. Participation of employees in planning and decision making helps fulfill their esteem needs and leads to cost reduction. Providing job security, enrichment through higher responsibilities, and rotation to reduce boredom are additional techniques to motivate employees through fulfilling their needs and reducing dissatisfaction. Competition and other techniques like delegation of authority can also be used to motivate employees.