business- human resources Flashcards
Types of motivation
motivation using money- increasing higher pay or bonuses gives a reward for employees
motivation without money- factors like praise or oppurtunity to carry out a more interesting job
why do people work
- physiological needs
- safety needs
- love and belonging needs
- ego or self esteem needs
- self actualisation
benefits of a motivated workforce
- increased productivity- motivated individuals work harder and try their best to their job as efficiently as possible
-Improved employee retention rates-mor likely to stay loyal to the business they are working at, this avoids cost of recruitment
-higher levels of sales- emplyees will want to meet the needs of customers - improved recruiment and selection- help give businesses a good reputation as employer
methods of motivation- non financial
increasing authority through job enrichment- finding jobs emplyees have an interest in doing
training- shows the owner values the employee
management styles- mangers who retain authority- managers who allow juniour emplyees to make decisions
fringe benefits
methods of motivation- financial
salary- the income recieved by an emplyee stated as an annual figure
wages- usually paid each week and emplyees normally work an agreed number of hours
piecework- paid for the quantity of products produced
commission- payment to an employee based on level of sales made over a time period
profit sharing-nemployees reciev a share of the businesses profits alongside their normal wages and salaries
Importance of training
- improvement of productivity
- more motivated employees
improved rates of employee retention - production of high quality goods amd high levels of quality of service
Types of training
induction training- the first type of training you can recieve
On the job ttaining- dont leave the workplace
- off the job training
benefits of induction training
helps new employees intergrate with other employees before starting the job
- help retention
types of induction training
- work shadowing
-formal training sessions
-computer based training
benefits of on the job
- relatively cheap
- ## target the exact needs of the business
drawbacks of on the job
unlikely to bring new idea
unavailable to work within the business for a period of time
benefits of off the job
- bring in new ideas and approaches into a business
- expensive helps to motivate employees
drawbacks of off the job
-expensive
- employees may leave
factors that influence decisios o types of training
- businesses financial position 3
-tyoe of training
skills in the workforce