Motivating staff and training Flashcards
1
Q
Monetary rewards
A
This involves giving the worker more money. E.g. increases pay, bonus scheme, shares in company, staff discount…
2
Q
Non-monetary rewards/fringe benefits
A
This involves giving rewards other than money. E.g. company car, free health care, flexible hours…
3
Q
Absenteeism
A
How many staff take days off.
4
Q
Labour Turnover
A
This means how many staff are leaving
5
Q
Induction training
A
An introduction for new employees explaining the firm’s activities and procedures.
6
Q
Salary
A
Is a payment made over a year divided into 12 monthly payments. It’s a fixed payment.
