2.5.4 Motivation Flashcards
Motivation
The internal / external factors that causes someone to take action ans persist in achieving a goal
Intrinsic Motivation
Motivation from within
Extrinsic motivation
Motivation from external factors
Retention
Keeping employees working for a business
Productivity
How much work is completed by employees
Appraisal / Performance Reviews
Taking time with a subordinate to discuss their work
Delegation
Giving employees more responsibility for decision making
Job Rotation
Having several tasks to complete at work to relieve the boredom of doing the same task
Job enrichment
being given a range of activities and responsibilities that enable the employee to learn and grow
Autonomy
Employees can make independent decisions about their work without consulting a line manager
Remuneration
the term used to describe all financial rewards and employee receives for their work
Wages
Paid depending on how many hours an employee works
Salary
Given a set pay for the year, split into months
Fringe benefits
Perks given in addition to a wage or salary eg. pension scheme, company car, work laptop/mobile phone, gym membership, subsidised meals, free travel or parking
Bonuses
an extra payment over and above the basic wage or salary
Commission
Sales people may be paid a basic salary plus a commission (a percentage of the value of the sales)
Promotion
A job promotion is the advancement of an employee to a position of greater responsibility authority or status within an organisation. A promotion results in an increase in salary.
