22 Methods of motivation at work Flashcards
Remuneration
Money paid to employees for their work or services
Time rate
Payment system based on the amount of time employees spend at work
gross pay
Pay before deductions, such as tax
Net pay
Take home pay, that is, pay after deduction, such as income tax pensions contributions or student loan repayments
Overtime
Rate of pay above the normal rate to compensate employees for working extra hours
Salary
Pay, usually to non-manual workers, expressed as a yearly figure but paid monthly
Piece rate
Payment system where workers receive an amount of money for each unit produced
Performance-related pay
payment system designed for non-manual workers where pay increases are given if performance targets are met
Bonus systems
Payment in addition to the basic wage for reaching targets or in recognition for service
Commission
Payment based on the value of sales, usually a percentage of sales made
Fringe benefits
‘perks’ over and above the normal wage or salary