Chapter 6 Flashcards

1
Q

motivation

A

workers want to work hard and efficientively for their employer

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2
Q

wage

A

payment for work, usually paid weekly

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3
Q

time rate

A

wage based on number of hours worked

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4
Q

piece rate

A

wage based on number of units of output produced

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5
Q

salary

A

payment for work, usually paid monthly

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6
Q

commission

A

payment based on number of units sold

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7
Q

profit sharing

A

payment to employees based on a share of the profits of the business

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8
Q

bonus

A

additional payment to workers ,above the basic wage/slalary,as a reward for good work.

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9
Q

performance-related pay

A

pay is related to the performance of an employee’s. e.g. meeting pre-set objectives

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10
Q

share ownership scheme

A

give employees share in a company to encourage a sense of belonging and ownership

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11
Q

appraisal

A

assessing the effectiveness of employees

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12
Q

fringe benefits

A

non-financial rewards

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13
Q

job satisfaction

A

enjoyment employees can derive from work if they feel they have donde a good/rewarding job

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14
Q

job rotation

A

workers are asked to switch different tasks with other workers

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15
Q

job enlargement

A

tasks of similar level of difficulty/responsability are added to a workers job description

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15
Q

job enrichment

A

adding tasks that are more challenging, more skillful and more responsible