Motivating Employees Flashcards

1
Q

Motivation

A

The range of factors that influence people to behave in certain ways. Can be through financial or non financial means.

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2
Q

Financial motiviation

A

(Using money) motivation can be achieved through offering higher pay or bonuses after reaching targets.

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3
Q

Non financial motivation

A

Could be praise or oppurtunity to carry out a more interesting job

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4
Q

Why do people work (Maslow’s hierarchy of needs)

A

Physiological need, safety needs, love and belonging needs, ego or self esteem needs, self actualisation

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5
Q

Physiological needs

A

Needs of the human body: food, warmth ect. Pay is needed to recieve those things and they can also be met at work; warm offices for example.

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6
Q

Safety needs

A

People want no threats to their quality of life. For this they need job security and to be safe from accidents and injury at work.

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7
Q

Love and belonging needs

A

People want to be satisfied with the social environment of their workplace

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8
Q

Ego or self esteem needs

A

People want to feel good and respected at work. This can be achieved from high levels of sales, good customer feedback, bonuses, praise from co-workers ect.

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9
Q

Self actualisation need

A

To be able to work to your full potential.

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10
Q

Benefits of a motivated workforce

A

Increased productivity
Improved employee retention rates
Higher levels of sales
Improved recruitment and selection (improves employer’s reputation)

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11
Q

Job enrichment

A

A non financial method of motivation. Designing a job to give interesting and challenging tasks. Prevents staff getting bored.

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12
Q

Training

A

Can be a non financial method of motivation. Shows employees that the business and managers value them

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13
Q

Managers letting junior employees make decisions

A

A non financial method of motivation. Can be giving full control of a decision or just a say in it. Makes them feel more engaged with the business.

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14
Q

Fringe benefits

A

A non financial method of motivation. Is the extras that employees may recieve in addition to their pay, for example, a company car. Increases motivation and retention, but is expensive.

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15
Q

Salaries

A

A financial method of motivation. Pay stated as an annual figure.

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16
Q

Wages

A

A financial method of motivation. Usually paid at the end of each week for an agreed number of hours. A higher hourly rate for extra hours (overtime) increases motivation

17
Q

Piecework

A

A financial method of motivation. When employees are paid according to the quantity of products they produce. Still subject to the national living wage.

18
Q

Comission

A

A financial method of motivation. A payment based on the level of sales from an employee over a time. Normally in addition to a wage or salary.

19
Q

Profit sharing

A

A financial method of motivation. Employees revieve a share of the business’s profits in addition to a wage or salary