Chapter 22: Methods Of Motivation At Work (Version) Flashcards
What is remuneration?
The money paid to employees for their work or services to an organisation.
What did Taylor say about remuneration?
Taylor said that people only work because of the money they earn.
Why is money important according to Maslow?
Maslow stated that money helps satisfy workers’ physiological needs.
What is time rate pay?
Payment system based on the amount of time employees spend at work.
What is gross pay?
Gross pay is pay before deductions such as taxes.
What is net pay?
An employee’s earnings after deductions are substracted from their gross pay.
What is overtime pay?
Rate of pay above the normal rate to compensate employees for working extra hours.
What is a salary?
A salary is an annual payment, usually paid monthly, for non-manual workers.
What is piece rate pay?
Where workers receive an amount of money for each unit produced.
What are some problems with piece rate pay?
Cannot be used if work cannot be measured, quality reduction, and unsafe work practices.
What is performance-related pay (PRP)?
Payment system designed for non-manual workers where pay increases are given if performance targets are met.
What are some drawbacks of PRP?
Unfair appraisals, low financial incentives, and overly demanding targets.
What are bonus payments?
Payment in addition to the basic wage for reaching targets or in recognition for service.
What is commission pay?
Payment based on the value of sales, usually a percentage of sales made.
How does promotion motivate employees?
By offering career growth, higher pay, and more responsibilities.
What are fringe benefits?
Perks over and above the normal wage or salary.
Examples of fringe benefits
Company cars, health insurance, access to facilities, subsidised meals.
Why do businesses offer fringe benefits?
They can be cost-effective, reduce staff absence, and attract better employees.
What are non-financial rewards?
Non-financial rewards are motivators not related to money.
What is job rotation?
Where employees alternate between different jobs during the course of their employment.
What is job enrichment?
Making a job more challenging & interesting.
What is autonomy (empowerment) in the workplace?
Giving employees the authority to make choices & decisions about the way they work.
What are potential drawbacks of autonomy?
Some employees may feel pressured, lack confidence, or see it as a way to reduce managers.
Potential drawbacks of job rotation?
Training costs rise & benefits of specialisation may be lost.
Design brief
Set of instructions about what a new product should look like or what features it should have.
