11. 4 Motivation methods in practice Flashcards
Time-based wage rate
Payment to a worker made for each period of time worked.
Piece rate
Payment to a worker for each unit produced.
Salary
Annual income that is usually paid on a monthly basis
Commission
A payment to a salesperson for each sale made.
Bonus
A payment made in addition to the contracted wage or salary.
Performance-related pay (PRP)
A bonus scheme to reward employees for above-average work performance.
Profit-sharing
A bonus for employees based on the profits of the business, usually paid for basic salary.
Share-ownership schemes
A scheme that gives employees shares in the company they work for or allows them to buy those shares at a discount.
Fringe benefits
Benefits given, separate from pay, by an employer to all or some employees.
Job rotation
A scheme that allows employees to switch from one job to another.
Job enlargement
An attempt to increase the scope of a job by broadening or deepening the tasks undertaken.
Job redesign
The restructuring of a job to make the work more interesting, satisfying, and challenging.
Training and development
The gaining of new or advanced skills and knowledge as well as opportunities to apply what is gained.
Employee promotion
The advancement of an employee within a business to a higher level of responsibility and status.
Employee status
The level of recognition offered by an employer to a worker in terms of pay, level or responsibility, and status.
