section 2 Flashcards
(25 cards)
Motivation
the reason why employees want to work hard and effectively for the business
Wage
payment for work, usually paid weekly, can be in cash or in bank account
Salary
payment for work, usually paid monthly, into bank account
Commission
payment relating to number of sales made
Profit sharing
proportion of company’s profits are paid to employees
Fringe benefits
non-financial rewards given to employees
Job satisfaction
enjoyment derived from feeling that you have done a good job
Job rotation
involves workers swapping round and doing a specific task for a specific time the changing again
Job enlargement
extra tasks of similar level of work are added to worker’s job description
Job enrichment
looking at jobs and adding more tasks that require more skill and/or responsibility
Span of control
number of subordinates working directly under a manager
Autocratic leadership
where the manager expexts to be in charge of the business and to have their orders followed
Democratic leadership
gets other employees invovled in decision making
Laissez-faire leadership
makes broad objectives known to workers, they are left to make their own decisions and organise their work
Trade union
group of workers who have joined together to ensure their interests are protected
Recruitment
the process from identifying that the business needs to employ someone up to the point at which applications have arrived at business
Job analysis
identifies and records the responsibilities and tasks relating to a job
Job description
outlines the responsibilities and duties to be done by employee to do a specific job
Job specification
outlines requirements, qualifications, expertise, etc. for a specified job
Internal recruitment
vacancy is filled by someone who is an existing employee of the business
External recruitment
vacancy filled by someone who is not an existing employee and new
Induction training
introduction given to new employee explaining firm’s activities, customs and procedures and introduce to other workers
On-the-job training
person is trained by watching more experienced worker doing the job
Off-the-job training
person being trained away from workplace, by specialist trainers