Methods of Motivation Flashcards

1
Q

Remuneration -

A

money paid to employees for their work or services

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2
Q

Time rate -

A

payment system based on the amount of time employees spend at work

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3
Q

Gross pay -

A

pay before deductions, such as tax

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4
Q

Net pay -

A

money that employees take home. Gross pay minus deductions

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5
Q

Overtime -

A

workers get a higher hourly rate for working extra hours

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6
Q

Piece rate -

A

workers are paid according to how much they produce

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7
Q

Performance-Related-Pay (PRP) -

A

payment system designed for non-manual workers where pay increases are given if performance are met

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8
Q

Incentives -

A

something that encourages you to work harder

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9
Q

Bonus payments -

A

payments in addition to the basic wage for reaching target

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10
Q

Commision -

A

payment based on the amount of sales. A salesperson may be paid entirely on the bases of their sales record. Their income is nothing if no sales are made.

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11
Q

Promotion -

A

the chance of promotion at work will help to motivate workers; this may be because promotion nearly always comes with higher pay

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12
Q

Fringe benefits -

A

things received in addition to employees’ normal pay. (eg company car, use of company’s facilities such as gym, free private health insurance)

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13
Q

Job Rotation -

A

If the business allow employees to change jobs from time to time, this will give workers more variety and help to avoid feeling bored.

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14
Q

Job Enrichment -

A

jobs should be made more challenging and rewarding. It gives employees the opportunity to develop unused skills.

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