Motivation Flashcards
Piece rate is when…
Employees are paid pre item them produce. The more productive an employee is the higher the wage they receive. This encourages people to work harder to produce more.
This could also result in more mistakes and wastage causing quality to decrease.
Financial motivators are…x6
Salary
Piece rate
Overtime
Time rate
Commission
Bonus
Salary is a…
Fixed amount paid to an employee each year usually in 12 equal instalments. This salary needs to be representative of the work the employee is completing
Time rate is when…
Employees are paid for the exact time that they work at a set amount per hour or day. The more hours or days they work the larger wage they receive.
Commission is when…
Employees are paid a percentage of the value of their sales.
Employees are encouraged to sell more as the higher their sales are, the more commission they receive.
Bonus is when…
Employees are paid an additional amount on top of their basic salary for achieving targets set by the firm
Overtime is…
Additional pay for hours worked over contracted hours e.g. paid time and a half
Methods of motivating staff are…x7
Training and development
Flexible working practices
Fringe benefits
Job enrichment
Job rotation
Worker participation
Promotion and recognition
Training and development motivates as…
Employees know the firm is willing to invest in their training and development which motivates them to work well for the firm and feel valued.
Flexible working practices motivated staff as it…
Gives staff flexibility over when, where and how many hours they work e.g. part time, job share.
This allows staff to achieve better work-life balance
Fringe benefits are when…
Extra benefits are given in addition to an employees wage or salary e.g. company car, gym, health insurance
Job enrichment is when…
Employees are given greater responsibility or more demanding tasks to make jobs more interesting and challenging
Job rotation is when…
Staff are rotated through different jobs so they acquire skills from each role.
This makes would more challenging and interesting and improves their skill base and understanding
Worker participation motivates as it…
Encourages staff to become unloved in decision making which leads to them feeling more valued
E.g. quality circles where input is listened to
Promotion and recognition motivates staff as if…
Clear promotional path is available, staff will likely work hard and be motivated to succeed.
If staff receive praise for work it can help reduce staff turnover