unit 4.3 quizlet Flashcards
Motivation
A range of factors which encourage poeple to act in a certian way
Financial methods of motivation
Encouraging employees to work harder using their pay
Non financial methods of motivation
Encouraging employees to work harder using methods other than pay
Fringe benefits
Any financial extras beyond the regular pay, such as health insurance, life insurance, paid vacation and/or retirement/company cars
Maslow’s Heirarchy of Needs Theory
In order for employees to be truly motivated, they must have every layer met, starting at the bottom and working up
Phsyiological needs
Basic human needs, water/shelter
Safety needs
Feeling safe at work and having job security
Love and belonging needs
Feeling accepted and working as part of a group
Ego/self esteem needs
Feeling confident in your ability and recieving praise
Self actualisation needs
Being stretched to your full potential e.g given extra responsibility
Job enrichment
Adding challenge to a job role
Team working
Working in a group and developing social bonds with colleagues
Employee reward schemes
Achievements being recognised i.e employee of the week
Job rotations
Giving opportunity to work in other areas of the business to develop skills/decrease boredom
Salary
A form of payment for work that stays the same regardless of amount of hours worked
