3.5 Motivation and Retention Flashcards
1
Q
What is Motivation?
A
How workers are encouraged to work hard.
2
Q
What is Retention?
A
When workers choose to stay in a firm rather than move elsewhere.
3
Q
What is Productivity?
A
A measure of output per working.
4
Q
What are Financial Motiviation Methods?
A
Methods that involve paying workers money.
5
Q
What are Non-financial Motivation Methods?
A
Methods that do not involve paying money.
6
Q
What happens if employees are Motivated?
A
Workers will be effiecient in what they do
There will be a low turnover of workers
It will be easier to recruit new workers
Less need for supervision
Low absenteeism
7
Q
What are some Methods of Motivation?
A
Pay.
Bonus.
Profit sharing.
Fringe benefit.
Praise.
Award schemes.
Working environment.
