4.3 Motivation Flashcards
(13 cards)
Motivation
Determines how hard the employees are willing to work for a business
Financial methods
Commission, bonuses, remuneration & promotion
Difference between salary and wage
Salary is the yearly amount of pay whereas wage is the weekly amount of pay
Commission
A percentage, based off how much you sell individually
Bonuses
Additional remuneration
Remuneration
Salary
Promotion
Higher rank = higher wage
Non-Financial methods
Fringe benefits (company car), Job rotation, enlargement, empowerment & teamwork
Fringe benefits
Saves employees money rather than giving them additional money
Job rotation
Staff switch between different tasks, avoiding monotony
Job enlargement
Staff are given more tasks to do
Job empowerment
Staff are given authority to choose how they do their job
Teamwork
People sharing responsibility