Motivating Employees Flashcards
Motivation
The range of factors that influence people to behave in certain ways. Can be through financial or non financial means.
Financial motiviation
(Using money) motivation can be achieved through offering higher pay or bonuses after reaching targets.
Non financial motivation
Could be praise or oppurtunity to carry out a more interesting job
Why do people work (Maslow’s hierarchy of needs)
Physiological need, safety needs, love and belonging needs, ego or self esteem needs, self actualisation
Physiological needs
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.
Safety needs
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.
Love and belonging needs
People want to be satisfied with the social environment of their workplace
Ego or self esteem needs
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.
Self actualisation need
To be able to work to your full potential.
Benefits of a motivated workforce
Increased productivity
Improved employee retention rates
Higher levels of sales
Improved recruitment and selection (improves employer’s reputation)
Job enrichment
A non financial method of motivation. Designing a job to give interesting and challenging tasks. Prevents staff getting bored.
Training
Can be a non financial method of motivation. Shows employees that the business and managers value them
Managers letting junior employees make decisions
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.
Fringe benefits
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.
Salaries
A financial method of motivation. Pay stated as an annual figure.