methods of motivation at work Flashcards
define remuneration
money paid to employees for their work
what is a salary
yearly pay for non-manual workers, paid monthly
what is time rate pay
a system where workers are paid based on the time they spend working
explain the piece rate system
payment based on the number of units produced
what is performance-related pay
extra pay or rewards given when employees meet performance targets
list the two categories of motivation methods
financial and non-financial
how does overtime pay work
extra pay for hours worked beyond regular working hours, but not for salaried workers
give one advantage and one disadvantage of the piece rate system
higher productivity and reduced quality of work
what is a bonus payment
additional pay given for meeting targets
what is a commission
a reward given to sales staff for meeting specific sales targets
how do promotions motivate employees
they offer career growth, higher pay, and recognition, increasing productivity
what are fringe benefits
perks provided beyond wages or salary, such as health insurance or discounts
what is job rotation
assigning employees to different tasks or departments to reduce monotony and increase flexibility
what is job enrichment
offering challenging tasks to employees to develop their skills and creativity
define autonomy/empowerment
allowing employees to make decisions about their own work
