management - motivation Flashcards
define motivation
strong desire to act in a particular way and to achieve a certain result (they will want to work)
define morale
if morale in an individual, group or team is high, then there is an increase in productivity, purpose, etc
what is a monetary method of motivation
financial incentives e.g. commission, profit sharing, bonuses, piece rates
what is a non-monetary method of motivation
non-financial e.g. job enrichment, team work, work environment
what is a bonus?
additional payment what workers receive for achieving a target
what is profit sharing
workers receive a proportion of the profits made by the business
what is commission?
payment made to employees based on their value of sales achieved
what is piece rate
gives a payment for each item produced
what is job enrichment?
giving employees extra responsibility
+ work becomes more interesting
- too much pressure/more work for same pay