unit 3 aos 2 (PART 1) Flashcards
(30 cards)
Motivation strategies:
Performance-related pay, career advancement, investment in training, support, sanction
Performance-related pay:
(motivation strategy) financial reward for reaching or exceeding a set business goal (pay rise, bonus, commission on sales)
Advantage of performance-related pay:
Boost work ethic, remuneration can help achieve business objectives
Disadvantage of performance-related pay:
Unhealthy competition, employee may rely on rewards to perform
Career advancement:
(Motivation strategy) the upwards progression of an employee’s job position
ensures awareness of promotion criteria
Advantage of career advancement:
Retaining high performing employees, employees can achieve personal improvement goals
Disadvantage of career advancement:
Some do not want increased responsibility, undeserving of senior positions
Investment in training:
(Motivation strategy) allocating resources to improve employees’ skills and knowledge
Provides mentoring to employees
Advantages of investment in training:
More productivity due to improved skills, employees may feel valued
Disadvantages of investment in training:
Employees absent from work while undertaking training, may not value increasing skills
Support:
(Motivational strategy) providing employees with any assistance that improves their satisfaction at work
Advantages of support:
Less likely to leave business, feel valued by employers
Disadvantages of support:
Relies on good interpersonal skills in managers, time consuming
Sanction:
(motivation strategy) penalizing employees for poor performance or breaching business policies
Advantages of sanction:
Pressure to follow management instructions, motivates employees immediately
Disadvantages of sanction:
Creates negative corporate culture, levels of trust decrease
Types of training:
On the job and off the job training
On the job training:
Improving knowledge/skills within the workplace.
Off the job training
Improving knowledge/skills in a location external to the business.
Examples of on the job training:
Coaching, apprenticeships, mentored by supervisor
Examples of off the job training:
Attend conferences, information processing, attaining specific qualifications (TAFE)
Advantages of on the job training:
Develop strong interpersonal relationships, perform their role while training
Advantages of off the job training:
Receiving information from professionals, does not take experienced employees away from the job
Disadvantages of on the job training:
Lack amount of experienced staff to train employees, may become distracted by workplace