Chapter-6: Motivating employees Flashcards
What is motivation?
It is the reason why employees want to work hard and work effectively for the business.
What is wage?
A wage is payment for work which is paid weekly.
What is time rate?
Time rate is the amount paid to an employee for one hour of work.
What is piece rate?
Piece rate is an amount paid for each unit of output.
What is salary?
Salary is payment for work which is paid monthly.
What is bonus?
Bonus is an additional amount of payment above basic pay as a reward for good work.
What is commission?
Commission is payment relating to the number of sales made.
What is profit sharing?
It is a system whereby a proportion of the company’s profits is paid out to employees.
What is job satisfaction?
Job satisfaction is the enjoyment derived from feeling that you have done a good job.
What is job rotation?
Job rotation involves workers swapping around and doing each specific task for only a limited time and then changing around again.
What is job enrichment?
Job enrichment involves looking at jobs and adding tasks that require more skill and/or responsibility.
What is teamworking?
Teamworking involves using groups of workers and allocating specific tasks and responsibilities to them.
What is training?
The process of improving a worker’s skills.
What is promotion?
Promotion is the advancement of an employee in an organization. For example, to a higher managerial level.
