Motivating Employees part 2 Flashcards
Bonus
An additional reward paid to employees for achieving targets set by managers
Performance-related pay
A bonus scheme used to reward staff for performing to the required standard
Fringe benefits
Non-cash rewards like discounts, company products, company cars, health insurance….
Profit sharing
An additional payment to employees based on the profits of the business
Job rotation
increasing variety in the workplace by allowing employees to switch from one task to another
Job enlargement
increasing or widening tasks to increase variety for employees
Job enrichement
organising work so that employees are encouraged to use their full abilities
Job satisfaction
how happy and content a person is with their job
Quality circles
groups of employees who meet regularly to discuss work-related problems
Team working
organising production so that groups of employees complete the whole unit of work
Delegation
passing responsability to perform tasks to employees lower down in the organisation