motivating workers Flashcards
motivation
it is the reason why employees want to work hard and work effectively for the business
reasons people work
for- money social needs security esteem job satisfaction
results from motivated workers
well motivated workers
high productivity
increased output
higher profits
results from unmotivated
unhappy workers
do not work very effectively
low output
lower/no profit
ways to motivate employees
being given recognition for a job well done
promotions
job security
listen to employees like if they have suggestions or any problems
offer some flexibility like with hours of work
communicate
a clean safe environment
working with colleagues who are friendly
financial rewards
pay may be used to give incentives to employees to encourage them to work harder or more effectively
wage
is payment for work usually payed weekly
wages tend to be paid to manual workers like those who work at warehouses
problems
as wages are paid weekly they have to be calculated every week which takes time and money
time rate
this is payment by the hour
if an employee if paid $10 per hour if they work 40 hours they get $400
problems
good and bad workers get the same amount of money
often supervisors are needed to make sure the workers keep working and producing quality product
price rate
this is where the
price rate
this is where the workers are paid depending on the quantity of products made the more they make the more they get paid
salary
is payment for work paid monthly
commison
is payment relating to the number of sales made
profit sharing
is a system whereby a proportion of the company’s profits is paid out to employee
bonus
is an additional amount of payment above basic pay as a reward for good work
performance related pay
is pay which is related to the effectiveness of the employee where their output can easily be measured
share ownership
is where shares in the company are given to employees so that they become part owners in the company
appraisal
the method of assessing the effectiveness of an employee
fringe benefits
are non-financial rewards given to employees examples- company vehicles discounts on firm products heath care paid for children's school fees paid for free accommodation free trips/holidays abroad
job satisfaction
the enjoyment derived from feeling that you have done a good job
job rotation
involves workers swapping round and doing each specific task for only a limited time then changing around
job enlargement
is where tasks of similar level of work are added to a workers job description
job enrichment
involves looking at jobs and adding tasks that require more skill and responsibility