22 Methods of motivation at work Flashcards

1
Q

Remuneration

A

Money paid to employees for their work or services

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2
Q

Time rate

A

Payment system based on the amount of time employees spend at work

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3
Q

gross pay

A

Pay before deductions, such as tax

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4
Q

Net pay

A

Take home pay, that is, pay after deduction, such as income tax pensions contributions or student loan repayments

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5
Q

Overtime

A

Rate of pay above the normal rate to compensate employees for working extra hours

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6
Q

Salary

A

Pay, usually to non-manual workers, expressed as a yearly figure but paid monthly

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7
Q

Piece rate

A

Payment system where workers receive an amount of money for each unit produced

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8
Q

Performance-related pay

A

payment system designed for non-manual workers where pay increases are given if performance targets are met

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9
Q

Bonus systems

A

Payment in addition to the basic wage for reaching targets or in recognition for service

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10
Q

Commission

A

Payment based on the value of sales, usually a percentage of sales made

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11
Q

Fringe benefits

A

‘perks’ over and above the normal wage or salary

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