business chapter 6 definitions (motivating employees)

Question 1

motivation

Answer 1

is the reason why employees want to work hard and work effectively for the business

Question 2

wage

Answer 2

is payment for work, usually paid weekly

Question 3

time rate

Answer 3

is the amount paid to an employee for one hour of work

Question 4

piece rate

Answer 4

is an amount paid for each unit of output

Question 5

salary

Answer 5

is payment for work, usually paid monthly

Question 6

bonus

Answer 6

is an additional amount of payment above basic pay as a reward for good work

Question 7

commission

Answer 7

is payment relating to the number of sales made

Question 8

profit sharing

Answer 8

is a system whereby a proportion of a company’s profits is paid out to employees

Question 9

job satisfaction

Answer 9

is the enjoyment derived from feeling that you have done a good job

Question 10

job rotation

Answer 10

involves workers swapping around and doing each specific task for only a limited time and then changing around again

Question 11

job enrichment

Answer 11

involves looking at jobs and adding tasks that require more skill and responsibility

Question 12

teamworking

Answer 12

involves using groups of workers and allocating specific tasks and responsibilities to them

Question 13

training

Answer 13

process of improving a worker’s skills

Question 14

promotion

Answer 14

advancement of an employee in an organisation EX: to a higher job/managerial level