4.2 Motivation Flashcards Preview

GCSE Business Studies Unit 1 > 4.2 Motivation > Flashcards

Flashcards in 4.2 Motivation Deck (18)
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1

What is the main source of motivation for employees?

To earn salary/wages

2

What is the difference between a salary and a wage?

Salary - Payment for work expressed as a yearly amount and usually paid monthly in 12 equal payments

Wage - Payment for work done, given on a weekly basis

3

What is Remuneration?

The amount of pay given to an employee for producing work

4

Give examples of Monetary Remuneration

Piece Rate
Overtime
Bonuses
Commission

5

What is Piece Rate?

A payment system where the worker is paid for each piece of work they complete

6

What is overtime?

The extra time the employee has worked over and above the amount of time they are suppose to work

7

What is a Bonus?

They are paid if an employee has achieved a set objective or the business has achieved a particular goal

8

What is Commission?

Money is paid in addition to the basic pay

9

Give the formula for Commission

Commission = Cost of Service x Commission Rate

10

What is Non Monetary?

A range of benefits offered to retain employees

11

Give examples of Non Monetary rewards

Travel
Pension
Health Insurance
Training (Job Enlargement and Job Enrichment)

12

What is the difference between Job Enlargement and Job Enrichment?

Job Enlargement - More work

Job Enrichment - More challenges

13

Name Maslow's Hierarchy of Needs starting from most to least important

Physiological
Safety
Love/Belonging
Self Esteem
Self Actualisation

14

Describe what is Physiological Needs

Breathing, food, water, sleep

15

Describe what is Safety Needs

Security of body, employment, resources, morality, family, health, property, secure job

16

Describe what is Love/Belonging Needs?

Friendship and Family

17

Describe what is Self-Esteem Needs

Confidence, Achievement, respect of others, respect by others

18

Describe what is Self Actualisation needs

Morality, Creativity, Problem Solving, lack of prejudice, acceptance of facts