Human Resources - Motivation Flashcards
What is the importance of motivation for employees?
- Lower labour turnover
- Employee will produce higher quality work
- There would be fewer accidents
Name 4 financial methods of motivation
- Bonus
- Commission - employees are paid a percentage of their sales revenue for the business
- Fringe benefits - perks gifted to the employee that aren’t cash
- Profit sharing - employees receive a share of the businesses annual profits on top of their annual salary
Name 2 advantages of a bonus
- Bonus payments encourages employees to work harder
- The employer gets increased productivity, resulting in higher sales and profits
Name 2 disadvantages of a bonus
- In attempting to reach their targets, the employee may rush their work, which would affect its quality
- The employee may feel demotivated if their targets are unrealistic
Name 2 advantages of a commission
- Encourages sales staff to increase the amount in their sales
- Sales staff increase their income, which means that the business can sell more and makes profit
Name a disadvantage of a commission
- Because it’s linked to sales revenue, a car salesperson would focus on selling high priced vehicles, leaving the low priced ones unsold
Name 2 advantages of fringe benefits
- It can help retain staff at the business
- It can give employees an extra incentive to work harder for the business
Name a disadvantage of fringe benefits
Some staff prefer to have an increased salary instead of perks
Name 2 advantages of profit sharing
- Employees have a greater sense of belonging to the business and take a greater interest in its success
- It acts as a motivator as it encourages employees to increase the businesses output and profit in which they can own a share
Name 2 disadvantages of profit sharing
- All employees get the same amount, including the ones who worked less and deserve less
- Profit sharing differs each year - inconsistent
Name the 4 non financial methods of motivation
- Job rotation
- Team working
- Quality circles - groups of employees meet regularly to examine the quality of what they’re doing
- Flexible working - gives the employee some choice on when they start and finish work
Name 2 advantages of job rotation
- Employees get the advantage of new skills
- It reduces boredom, a major demotivator in the workplace
Name 2 disadvantages of job rotation
- Each employee will be initially trained for the job
- There can be only so many jobs rotated and returning to the same job can be boring
Name 2 advantages of team working
- It makes employers feel more responsible to impart their skills to other team members
- Employees feel committed to make their own team successful and will work hard to make it happen
Name a disadvantage of team working
Some team member can be uncommitted and wont work hard, causing conflict
Name 2 advantages of quality circles
- The employees are directly involved in assessing quality in the production of goods
- Sharing of best practice among the group
Name a disadvantage of quality circles
It can be difficult to get all group members on board with quality practices
Factors affecting job satisfaction ( 6 points )
1) Wages / Salaries
2) Responsibility
3) Success
4) Enjoyment
5) Working conditions
6) Praise
Name 2 advantages of flexible working
1.it gives employees some flexibility with regards to their work
2. If benefits the staff and also the company, as they can attract and retain staff
Name 2 disadvantages of flexible working
- Increase in heating and lighting costs as offices have to open earlier or later
- It can cause problems for management as managers need to ensure availability of staff to overtake risks
Name 2 disadvantages of flexible working
- Increase in heating and lighting costs as offices have to open earlier or later
- It can cause problems for management as managers need to ensure availability of staff to overtake risks
