Motivation Flashcards
Definitions
Motivation
The internal and external factors that stimulate the desire in workers to be continually interested in, and committed to, doing a job well.
Piece rate
Payment to a worker for each unit produced.
Self-actualisation
A sense of self-fulfilment reached by feeling enriched and developed by what one has learned and achieved.
Motivators (motivating factors)
Aspects of a worker’s job that can lead to positive job satisfaction, such as achievement, recognition, meaningful and interesting work, responsibility, and advancement at work.
Hygiene factors
Aspects of a worker’s job that have the potential to cause dissatisfaction, such as pay, working conditions, status and over-supervision by managers.
Job enrichment
Aims to use the full capabilities of workers by giving them the opportunity to do more challenging and fulfilling work.
Time-based wage rate
Payment to a worker made for each period of time worked (e.g. one hour).
Salary
Annual income that is usually paid on a monthly basis.
Commission
A payment to a salesperson for each sale made.
Bonus
A payment made in addition to the contracted wage or salary.
Performance-related pay
A bonus scheme to reward employees shares for above-average work performance.
Profit sharing
A bonus for employees based on the profits of the business, usually paid as a proportion of basic salary.
Share-ownership scheme
A scheme that gives employees shares in the company they work for or allows them to buy those shares at a discount.
Fringe benefits
Benefits given, separate from pay, by an employer to some or all employees.
Job rotation
A scheme that allows employees to switch from one job to another.
