Motivation

Question 0

What is a monetary factor

Answer 0

Motivation by managers to staff to be rewarded with money

Question 1

What does a motivated workforce result in

Answer 1

Increased out put ( by extre effort from workers ) 
Improved quality ( staff take greater pride in work 
Higher level of staff rentention  ( want to stay with firm and don't want to take days off )

Question 2

What is a non monetary factor

Answer 2

Motivation by managers to staff which doesn’t include money but rewarded with e.g improved working conditions

Question 3

What a the 8 ways staff are monetarily motivated

Answer 3

Time rate 
Over time 
Piece rate
Commission 
Performance related pay 
Profit sharing 
Salary 
Fringe benefits

Question 4

What is time rate pay

Answer 4

Staff paid for numbers of hours worked

Question 5

What is overtime pay

Answer 5

Staff are paid extra for working beyond normal hours

Question 6

What is commission pay

Answer 6

Staff paid for number of items they sell e.g car salesmen

Question 7

What is piece rate

Answer 7

Staff paid for how many items they produced

Question 8

What is performance related pay

Answer 8

Staff get a bonus for meeting a target set by manager

Question 9

What is profit sharing pay

Answer 9

Staff receive percentage of profit the business makes

Question 10

What is salary

Answer 10

Paid monthly no matter how many hours they work

Question 11

What are fringe benefits

Answer 11

Are payments in kind e.g. A company car or staff discounts