2.4 Motivation Flashcards
Extrinsic Motivation
Comes from external rewards from working on a tast
Eg. Salary, Homework passes
Insintric Motivation
Comes from the satisfaction delivered from completing a task
Finding work interesting
Indicators of Demotivation
- Absenteeism
- Lateness
- Poor response rate
- Complaints
- Poor performance
- High Labour turnover
Salary
Annual income that is usually paid monthly
- Fixed
- Each Salary band has a job description (Higher rank = Higher pay)
Wages
Time:
- Hourly
Peice rates:
- Paid per unit of work
Eg. $2 per shoe made
Commission
A payment to a sales person for each sale made
Eg. $200 per car sold
OR
5% of the product sold
Performance Related Pay (PRP)
A bonus depending on performance.
Requires target selling & appraisal
Eg. Excellent = 10% bonus
Profit Related Pay
A bonus to EE based on the profits of the business
Eg. 10% bonus if the company makes profit of $2mil per annum
Fringe Benefits
NON CASH forms of financial rewards
Eg. Company car, insurance, low interest loans, pensions
Employee Share Ownership Schemes
EE’s become part of the company by being allocated shares
OR
Share options that only ‘vest’ once the share price goes above a certain level.
Job Rotation
Moving EE’s between different tasks to provide variety in experience
Not necessarily more challenging work
Job Enrichment
Giving EE’s jobs & responsibilities that use a full range of their abilities
Gives Autonomy & a Challenge
Job Enlargement
Increasing the load of tasks for EE’s
Team Working
Production is organised so that EE’s work in groups/ teams
Empowerment
Giving EE’s Authority & Autonomy over how they complete a task