Motivation strategies Flashcards
(21 cards)
What are the 5 motivation strategies?
Performance related pay
Career advancement
Investment in training
Support strategies
Sanction strategies
Performance related pay?
means rewarding emplooyees through monetary compensation when they perform their duties in a manner that equal or exceeds pre determined goals or criteria.
- pay increases, bonuses, commissions
Effects of performance related pay on short and long term employee motivation?
Short term: pay increase, bonuses are used to provide an immediate and tangible reward for commitment.
Long term: profit sharing, gainsharing these types arent profit guaranteed, and require employees to take longer view of success of the business.
Advantages of performance related pay?
- provides a financial reward to employees directly related to improved performance
- should improve productivity level, improving engagement and commitment
- only applies when there is actual improvement in performance
Disadvantages of performance related pay
- could be expensive for a business
- not all employees are motivated by pay
- could lead to conflict and moral issues between employees
Career advancement?
occurs when a employee takes on greater responsibilities or increased opportunities to provide leadership
Effects of career advancement on short and long term employee motivation?
Short term; brings a pay rise and greater job security, satisfies lower needs of Maslows.
Long term; creative and interesting work, acquire status, satisfied with promotion (self actualisation, drive to achieve, bond and belong)
Advantages of career advancement?
- retaining valuable employees
- the employee is likely to feel that they can contribute more to the business (increased productivity, engagement, commitment to the business)
Disadvantages of career advancement?
- can cause conflict among other employees
- employees promoted beyond their capacity
- promotion position cant be created
Investment in training?
refers to the direction of finances, resources such as time into the teaching of skills to employee.
Effects of investment in training on short and long term employee motivation?
short term; employees will take the opportunity to take on additional training to give them access to better types of jobs
long term; sense of accomplishment (self actualisation), skill development, sense of achievement through acquiring new skills.
Advantages of investment in training?
- indicates to employees that the business values their contributions, and will support them
- benefits the skills of employees therefore more productivity
- improved employee retention staff more motivated
Disadvantages of investment in training?
- expensive costs
- employer could leave the business after training
- training could not motivate them if the job isn’t the same.
Support strategies?
support is the assistance or services provided by the business to help employees cope with difficulties that may impede their work performance. employee want to feel to feel valued.
Effects of support strategies on short and long term employee motivation
Short term: can motivate them to do better, and always apply when an employee has done a good job
Long term; support can be showed even when the employee has made a mistake, most employees learn from their mistakes.
Advantages of support strategies?
- little to no costs
- can positively influence employee attitudes and help them improve in confidence, improving motivation
Disadvantages of support strategies?
- employees can become too dependent on support strategies
- requires a business to have a positive corporate culture
sanction strategies?
is a penalty or form of discipline imposed on an individual, may become necessary when an employee does the wrong thing in the workplace. can vary from warning to terminated from business operations.
Effects of sanctions strategies on short and long term employee motivation?
short term; fear of sanction can be a motivating factor for some employee to ensure their productivity and efficiency of work is up to standard
long term; the fear of sanction also provides employee with a commitment to ensure their behaviours are in line with the business’ policies.
Advantages of sanctions
- can motivate some workers to improve their work performance
- quickly stops inappropriate behaviours
Disadvantages of sanctions?
- emphasis can reduce employee sense of belonging, therefore decreased motivation
- can cause resentment from employees