Chapter 6 Flashcards
Define the term motivation
The reason why workers want to work hard and work efficiently for the business.
Define the term wage
Payment for work, usually paid weekly.
Define the term salary
Payment for work, usually paid monthly.
Define the term commission
Payment relating to the number of sales made.
Define the term profit sharing
A system whereby a proportion of the company’s profits is paid out to employees.
Define the term bonus
An additional amount of payment above the basic pay as a reward for good work.
Define the term appraisal
A method of assessing the effectiveness of an employee.
Define the term fringe benefits
Non-financial rewards given to employees.
Define the term job satisfaction
The enjoyment derived from feeling that you have done a good job.
Define the term job rotation
Involves workers swapping around and doing each specific task for only a limited time and then changing around.
Define the term job enlargement
Where extra tasks of a similar level of work are added to a worker’s job description.
Define the term job enrichment
Involves looking at jobs and adding tasks that require more skill and/or responsibility.
