1.4.4 Motivation in theory Flashcards
Motivation in theory (15 cards)
1
Q
define piecework
A
employees paid per finished item
2
Q
piecework pro’s
A
- experienced workers earn more
- incentive to complete more work
- work more hours to get job done
3
Q
piecework con’s
A
- as workers get more experienced, may cut corners
- quality may suffer
- slow workers may fall under min wage
4
Q
define comission
A
sales people may be paid commission only
5
Q
commission pro’s
A
- good money for skilled salespeople
- employee doesn’t pay for downtime
- motivation
6
Q
commission con’s
A
- could earn no money only commission
- risky in a recession
- can create conflict in workplace
7
Q
define bonus
A
lump sum of money paid on top of a salary/wages for meeting targets.
8
Q
bonus pro’s
A
- encourages higher productivity
9
Q
bonus con’s
A
- heavy financial cost on business
10
Q
define profit share
A
employers paid annual dividends based on level of profit made by the firm
11
Q
profit share pro’s
A
- encourages team work
- employees keep costs down to keep profits high
- increased loyalty
12
Q
profit share con’s
A
- less profit to reinvest
- dependent on job
13
Q
define performance related pay
A
line manager site with a worker in an appraisal and decides to set a criteria employee must fulfill
14
Q
pro’s performance related pay
A
- directly links employees performance with how much they are paid
15
Q
con’s performance related pay
A
- causes jealousy within the workplace
